Caproasia https://validator.w3.org/feed/docs/rss2.html Big 4 Audit Firm EY Fires Newly-Hired 2026 March Employee Paul Issa (Age 21) for Unauthorized Access to Australia Prime Minister Anthony Albanese Personal Bank Account & 1 EY Partner Personal Bank Account During Secondment to Australia Commonwealth Bank, Both Paul Issa & Elder Brother Philip Issa (Age 25) Charged in Australia Court for Unauthorized Access Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Taiwan 2nd Largest Financial Group $46 Billion Cathay Financial Holding Issues Ban on Senior Executives in Selected Departments (Banking, Asset Management, Life Insurance & Securities) from Holding External Directorships or Concurrent Positions (Exceptions for Appointments Necessary to Cathay), President Lee Chang-ken Issues Apology, Cathay United Bank Chairman Kuo Ming-jian Resigns, Cathay Securities Investment Trust to Pay $15 Million in Compensation to 50,500 Investors Latest United States SEC Reviews ETFs Investing in Innovation Asset Classes or Novel Investment Strategies, Focuses on Ways to Facilitate ETF Innovation, Protect Investors, Maintain Fair, Orderly & Efficient Markets and Facilitate Capital Formation, ETF Increased from $4 Trillion AUM in 2019 to $12 Trillion in 2025 Singapore MAS Key Regulatory & Enforcement Actions 2026 Q2: 1) $31,000 (S$40,000) Fine on Havenport Investments & Reprimands to Senior Management (CEO Tan Keng Sin Patrick & Executive Director Tern Yuh Sheng Joseph) for Failures in Risk Framework on Managing Assets, Capital Requirement, Non-Compliance Reporting & Obtaining MAS Approval for New Product Launch to Retail Investors, 2) Singapore Court Sentenced ex-OCBC Securities Trading Representative Tan Chun Yong to 10-Week Jail Term for False Trading & Unauthorized Trading to Help ex-General Insurance Agent Tang Boon Hai to Create False Appearance of Active Trading in KTL Shares, 3) Singapore Court Fines Singapore $657 Million Sasseur REIT Manager Sasseur Commercial Management Group ex-CFO Xie Jianfeng $156,000 (S$200,000) for Insider Trading & Unauthorized Trading of Sasseur REIT in 2020 & 2021, 4) Singapore MAS Revokes Payment Licence (14/5/26) of Bsquared Technology (BSQ), 5) Singapore MAS Fines Padang Trust Singapore $235,000 (S$300,000) for Money Laundering Failures, 6) Singapore MAS Issues $92,700 (S$120,000) Insider Trading Fine on Singapore Medical Group Shareholder & Employee (Doctor) of Subsidiary Dr Chua Han Boon Kenneth Who was Approached as Shareholder to be Informed of Privatisation & Expansion Plan in 2022 Prior to Public Offer Singapore MAS & China Securities Regulatory Commission (CSRC) Held 10th Annual Supervisory Roundtable in Singapore (29/6/26), Expands 10 Years of Cooperation with New Agreement to Facilitate Staff Exchanges to Promote Stronger Institutional Relationships & Strengthen Mutual Understanding United States Supreme Court Blocks (5:4 Vote) United States President Donald Trump Immediate Firing of United States Federal Reserve Board (Fed) Governor Lisa Cook & Will Allow Her to Remain as Fed Governor Pending Ongoing Lawsuit, Lisa Cook Investigated for Mortgage Fraud by Listing 2 Properties as Primary Residence (Michigan & Atlanta) World Largest Crypto Exchange Binance & Founder Changpeng Zhao Receive $200 Million (£150 Million) Lawsuit from 1,700 UK Investors for Selling Them High Risk, Complex Derivatives, Futures & Leveraged Products Without UK Regulatory Licence, UK Financial Conduct Authority (FCA) Issued Retail Ban for Distribution of Derivatives & Exchange-Traded Notes Linked to Crypto Assets in 2021 United States Department of Justice (DOJ) Committee Launches Investigation into China Shanghai-Based United States Tech Mogul Neville Roy Singham Who Operates Large Network of United States-Based Tax-Exempt Organizations (Include BreakThrough News, Tricontinental & The People’s Forum) to Spread Chinese Communist Party (CCP) Propaganda in United States, United States Media Fox News Reported Neville Roy Singham Funded $285 Million into Goldman Sachs Philanthropy Fund & 2 Shell Companies UK $71 Billion Banking Group NatWest (National Westminster Bank) Received $332 Million (£250 Million) Lawsuit by Rockfire Group & Rockfire Investment Finance Liquidators for Unauthorized Payments by NatWest Subsidiary Royal Bank of Scotland, Thurrock Council Bankrupt in 2022 after Investing $834 Million into Liam Kavanagh Solar Farm for Regular Payouts & Profits Secured Against Solar Farms, Used $38 Million to Buy Private Jet, Yacht, Bugatti Supercar & Luxury Goods, UK Thurrock Council Claims UK & Dubai Businessman Liam Kavanagh Misappropriated $193 Million from Investment Hong Kong Exchange (HKEX) Implements Changes to Board Lot Units in 2 Phases (Effective 2/7/26) for Securities Trading: 1) Reduce Board Lot Units from 40+ to 8 Options (1, 50, 100, 500, 1000, 2000, 5000 & 10000 Shares) Which Will Require Around 25% Listed Issuers to Make Changes, 2) Decrease Board Lot Value Floor to HKD 1,000 from HKD 2,000 and 3) New Board Lot Value Ceiling of HKD 50,000 for Board Lot Units Larger than 100 Shares Latest Latest Singapore 3rd Largest Bank $51 Billion UOB Starts Development of $450 Million Dedicated Headquarters 36-Storey Office Tower (UOB Plaza HCMC) in Vietnam Ho Chi Minh City Vietnam International Financial Centre (VIFC-HCMC) with Earliest Launch in 2028 (Original 2030), UOB Will Have 5 Headquarters in Southeast Asia (Vietnam, Singapore, Malaysia, Indonesia & Thailand) United States Investment Management Firms $34 Billion Brevan Howard & $26 Billion TowerBrook Capital Partners Paid ex-UK Prime Minister (2022 to 2024) & Now-Goldman Sachs Senior Advisor Rishi Sunak $264,000 (£200,000) to Give Speeches UK $1.1 Trillion Asset Manager Schroders to Sell Financial Planning Unit Benchmark Capital for $265 Million (£200 Million) to Sweden Financial Advisory & Investment Solutions Group Söderberg & Partners Singapore 2nd Largest Bank $86 Billion OCBC Announced New Processes to Simplify Estate Administration and Closure of Bank & Investment Accounts after Death of Customer, 1) Estate Executors & Administrators Can Provide Instructions via Single Form (Deceased Estate Form), 2) Allow to Manage Investment Holdings Without Need to Time the Market, 3) Only 1 Branch Visit Required to Close All Bank Accounts & Investment Accounts for Most Cases, 4) Enhanced Website to Guide Estate Executors & Administrators, and 5) OCBC Accounts Can be Closed Online by End of 2026 Singapore 2nd Largest Bank $86 Billion OCBC to Launch New Wealth App (OCBC WoW) with 24/7 Advisors Using Digital Avatars & to Hire 600 Relationship Managers for Consumer Banking in Next 3 Years, OCBC WoW Beta Version Will be Released to Select Group of OCBC Employees & OCBC Premier Private Client Customers (At Least S$1.5 Million / $1.2 Million AUM) HSBC Private Bank Hires DBS Private Bank Senior Market Head Gloria Sun as Market Head of Offshore Taiwan (13/7/26), 20 Years Private Banking & Financial Industry Experience at DBS Private Bank, Deutsche Bank, The Bank of East Asia & ABN AMRO Bank and Held Senior Roles Including as Head of Private Banking & Market Head Greater China China Corruption: Ex-Vice Chairman of China Henan Provincial People’s Congress Standing Committee Liu Mancang Sentenced to Lifetime Jail Term & Confiscation of All Assets for Receiving $47 Million Bribes Hong Kong Exchange Fund Bills Tender Results 30th June 2026 – $8.9 Billion 3-Month Bills Average Yield at 2.49%, $2.6 Billion 6-Month Bills Average Yield at 2.79%, $637 Million 12-Month Bills Average Yield at 2.86% South Korea $6 Billion Investment Bank & Brokerage Mirae Asset Securities Received No Allocation in $85.7 Billion Raise for SpaceX $1.77 Trillion IPO Reported Due to Miscommunications Between Mirae Asset Securities & Underwriters, Mirae Asset Securities Replied in Email for Clients’ Orders But Email is Only for Expression of Interest & Not for Actual Order Placement, Actual Order Email was Sent Separately, Mirae Asset Securities Marketed $300 Million SpaceX Placement to Investors & Fully Subscribed, Mirae Asset Securities is SpaceX IPO Underwriter Latest Latest