Caproasia https://validator.w3.org/feed/docs/rss2.html Singapore Court Awards $356,000 (S$460,000, S$230,000 Each) to 2 Singapore Ministers K. Shanmugam & Tan See Leng in Defamation Lawsuit Against Bloomberg (And Southeast Asia Real Estate Reporter Low De Wei) for Article Published by Bloomberg in 2024 with Statements on Their Property Transactions Which They Considered to be Libellous (False or Unfair and are Likely to Damage Their Reputation), Article Claimed Many Property Transactions in Singapore Did Not Have Legal Filings & Harder to Track Including Using Shell Companies or Trusts, K. Shanmugam Sold House in Singapore (Queen Astrid Park) to UBS Trustees for S$88 Million & Tan See Leng Transacted House in Singapore (Brizay Park) for S$27.3 Million 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 Bankrupt Property Giant China Evergrande with $300 Billion Debts: Hong Kong Court Schedules 19th August 2026 to Hear Liquidators Request for Hong Kong Court to Review & Void $127 Million (HKD 1 Billion) Minority Shareholder Compensation Deal for Misconduct Arranged by Hong Kong  SFC & PwC Hong Kong, China Evergrande Liquidators States Hong Kong SFC Lacks Authority for Market Misconduct Claim as the Deal Placed Shareholder Claims Above Creditors Claims (China Evergrande Liabilities Exceeds Assets & Thus Shareholders Will Have No Payout) Latest Indonesia Stock Exchange (IDX) to Add 37 Indonesia-Listed Companies to List of Companies with High Shareholding Concentration, 3 Indonesia Companies (DCI Indonesia, Bayan Resources & Allo Bank Indonesia) Have Shareholdings Concentration of Above 90% China-Hong Kong $14 Billion Brokerage Nasdaq-Listed Futu (Include CEO Leaf Hua Li & CFO Arthur Yu Chen) Faces Investors Class Action Lawsuit in United States for Securities Fraud by Operating in China Without Regulatory Approval, Lawsuit Represents Shareholders with Futu Ownership from 2023 (24/5/23) to 2026 (27/5/26), China Securities Regulatory Commission (CSRC) Issued $271 Million Fine on Hong Kong-Based Futu Securities & $183,575 Fine on Founder & CEO Leaf Li Hua for Conducting Businesses in China Mainland Without Regulatory Licence (Securities, Public Fund Sales & Futures), Funded Accounts from China Mainland Represents 13% of Futu Securities Total Funded Accounts KPMG Australia Client Data Leak Scandal: KPMG Plans 1,000 Jobs Cut & Decrease Partners Total Pay by 20% $230 Billion Citigroup to Accelerate Job Cuts & Technology Investments in 2026, Total Employees Decreased by 5,000 in 2026 March to 219,000 in 2026 June, Current Market Value at $230 Billion, Share Price +13.6% YTD, +48.7% Last 12 Months & +101.6% Last 5 Years Bankrupt Property Giant China Evergrande with $300 Billion Debts: Liquidators Will Look for New Potential Buyer for 51% Stake in Hong Kong-Listed $1.1 Billion Property Management Unit Evergrande Property Services after Failing to Reach Agreement with Potential Buyer Bankrupt Property Giant China Evergrande with $300 Billion Debts: Ex-CEO Xia Haijun Files Request to Hong Kong Court to Increase Allowed Monthly Living Expenses to $43,000 from Current Limit of $6,400 (HKD 50,000) Monthly Living Expenses, Hong Kong Court Freeze All Assets of China Evergrande ex-CEO Xia Haijun ex-Wife He Kun, Liquidators Lawyer States Divorce in 2023 Used to Hide ex-CEO Xia Haijun Assets and Transferred Assets to ex-Wife He Kun after Divorce, $24 Million Assets of He Kun Currently Frozen by Hong Kong Court Injunction, Xia Haijun Received Around $500 Million from Employment at China Evergrande Bankrupt Property Giant China Evergrande with $300 Billion Debts: Hong Kong-Listed $1.1 Billion Property Management Unit Evergrande Property Services Sale Process Ended after Liquidators Failed to Reach Agreement with Potential Buyer, Current Market Value at $1.1 Billion, Share Price -18.6% in 2 Days, -30.7% YTD & -6% Last 12 Months Bankrupt Property Giant China Evergrande with $300 Billion Debts: Liquidators Request Hong Kong Court to Review & Void $127 Million (HKD 1 Billion) Minority Shareholder Compensation Deal for Misconduct Arranged by Hong Kong  SFC & PwC Hong Kong, China Evergrande Liquidators States Hong Kong SFC Lacks Authority for Market Misconduct Claim as the Deal Placed Shareholder Claims Above Creditors Claims (China Evergrande Liabilities Exceeds Assets & Thus Shareholders Will Have No Payout) Latest Latest Bank of America Appoints Country Executive Switzerland & Head of Capital Markets (Germany, Switzerland & Austria) Thorsten Pauli as Head of Asia Pacific Global Capital Markets Based in Hong Kong, 27 Years Capital Markets & Financial Industry Experience at Bank of America (Joined 2019) & UBS (20 Years, Head ECM Switzerland) UAE Abu Dhabi-Based $5 Billion Wealth Manager Azura Partners Hires ex-Switzerland Private Bank Union Bancaire Privée (UBP) Market Head ASEAN Lawrence Goh as Managing Director for Private Wealth Based in Singapore, 26 Years Investment & Private Banking Experience at Union Bancaire Privée (UBP), Standard Charted Private Bank, Bank of Singapore, ING Private Bank, Citi Private Bank and Ministry of Defence of Singapore (Head of Investment Management, SAVER-Premium Fund), Azura Partners Founded in 2019 in Monaco by Ali Jamal (Julius Baer ex-Head Key Clients Emerging Markets), Azura Partners Received Equity Investment from UAE Abu Dhabi $115 Billion Alternative Investment Manager Lunate in 2025, Lunate Founded in 2023 as Independent Asset Management Business Backed by Government of Abu Dhabi Singapore Largest Bank $160 Billion DBS Wealth Management Targets $774 Billion (S$1 Trillion) AUM by 2030 and to Hire 600 Advisors & Platform Engineers by End-2028, Wealth Management AUM at $386 Billion (S$492 Billion) in 2026 March for DBS Treasures, DBS Treasures Private Client & DBS Private Bank United States President & Billionaire Donald Trump (Age 80) Paid $5.6 Million to E Jean Carroll in Defamation & Sexual Assault Lawsuit after Appeal Rejected United States Supreme Court Which Gave No Details for Not Hearing the Case PwC Partners in Hong Kong & China Mainland Exploring Ways to Safeguard Personal Assets in Case of Lawsuits, PwC Partners Earn $300,000 to $1 Million Yearly, Bankrupt Property Giant China Evergrande with $300 Billion Debts Liquidators Hong Kong Lawsuit Seeks $8.4 Billion (CNY 57 Billion) Compensation from Big 4 Audit Firm Entities PwC International, China Mainland & Hong Kong for Negligence & Misrepresentation Canada Insurer Sun Life Asset Management Business $309 Billion SLC Management Appoints 24-Year Insurance Industry Veteran Chris Wei as President of Asia Wealth & Capital Markets, More than 24 Years Insurance & Financial Industry Experience at Sun Life (Joined 2022 as Chief Client & Innovation Officer), Blue Insurance Hong Kong (Chairman), Great Eastern Holdings (Group CEO), AIA (Group CMO, Head Bancassurance & Direct Marketing), AIG United Guaranty Insurance Asia (CEO APAC) & Allstate Canada (Chief Risk Officer) Bankrupt Property Giant China Evergrande with $300 Billion Debts Liquidators Hong Kong Lawsuit Seeks $8.4 Billion (CNY 57 Billion) Compensation from Big 4 Audit Firm Entities PwC International, China Mainland & Hong Kong for Negligence & Misrepresentation Bankrupt Property Giant China Evergrande with $300 Billion Debts: Liquidators Issues Warning to PwC Partners Not to Take Steps Including Divorce to Protect Personal Assets, PwC Partners in Hong Kong & China Mainland Exploring Ways to Safeguard Personal Assets in Case of Lawsuits, PwC Partners Earn $300,000 to $1 Million Yearly, Bankrupt Property Giant China Evergrande with $300 Billion Debts Liquidators Hong Kong Lawsuit Seeks $8.4 Billion (CNY 57 Billion) Compensation from Big 4 Audit Firm Entities PwC International, China Mainland & Hong Kong for Negligence & Misrepresentation BlackRock Reports $15.3 Trillion AUM in 2026 June with $868 Billion Net Inflows  in Last 12 Months, AUM Breakdown: Retail $1.4 Trillion, Institutional $6.6 Trillion, ETFs $6.2 Trillion, Current Market Value at $178 Billion, Share Price +0.8% YTD, +4.5% Last 12 Months & +25% Last 5 Years Latest Latest