Caproasia https://validator.w3.org/feed/docs/rss2.html Singapore 3rd Largest Bank $49 Billion UOB Announced Greater China CEO Appointments (1/7/26) with 1) Adaline Zheng Appointed as UOB China CEO Succeeding Peter Foo Who is Retiring & 2) George Tung Appointed as UOB Hong Kong CEO Succeeding Adaline Zheng 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 Canada Insurer Sun Life Asia Releases 3rd Financial Resilience Index: 1) Top 5 Issues are Day-to-Day Expenses, Building Emergency Funds, Children’s Education, Saving for Retirement & Paying Debts, 2) Top 5 Increased Costs on Essential Spending are Groceries, Utilities, Transport Fuel, Cooking Fuel & Healthcare, 3) Top 3 Actions are Reducing Non-Essential Spending 56%, Improving Financial Knowledge 31% & Investing to Increase Returns 31% Latest Crypto Exchange FTX Founder Jailed Sam Bankman-Fried (Age 34) Submits Request for United States Presidential Pardon, Sentenced to 25-Year Jail Term in 2024 for Stealing $8 Billion from FTX Clients Switzerland $155 Billion Banking Giant UBS Cuts 4 Headcount in UBS Asia Sustainability Office from 7 People to 3 People, UBS Chief Sustainability Office Reduced to 35 People from 100+ People Over Last 3 Years (2023 to 2026) Hong Kong Court Sentenced  Hong Kong Movie Producer & Businessman Raymond Wong Pak Ming to 5-Month Jail Term & $60,500 (HKD 474,025.48) Penalty in Fine & Investigation Costs for Insider Trading by Providing Share Sale Information to His Sister to Trade in Shares of Transmit Entertainment (Previously Pegasus Entertainment), Raymond Wong Pak Ming was Pegasus Chairman & Controlling Shareholder in 2017 & Signed MoU to Sell His Controlling Stake, Received $1.3 Million (HKD 10 Million) Deposit Which He Transferred $255,000 (HKD 2 Million) to His Sister to Buy Shares on Same Day and Subsequently Advised Sister to Buy More Shares to Earn More than $128,000 (HKD 1 Million) Profit Futu Online Investment & Trading Platform Moomoo Appoints ex-Singapore Exchange (SGX) Head of Intermediaries & Retail Jeyson Ng as CEO Singapore, 20 Years Trading, Brokerage & Financial Industry Experience Including at Singapore Exchange (SGX) & Phillip Securities China Corruption: Ex-Vice President of The People’s Insurance Co (Group) of China Yu Ze Expelled from Chinese Communist Party Following Investigation for Corruption UK $480 Billion Asset Manager Janus Henderson to Buy Germany $1.4 Billion Private Markets Investment Manager Rantum Capital Which Provides Private Debt & Private Equity Financing Solutions to Family & Entrepreneur‑Owned Small & Mid‑sized Companies In Germany, Austria & Switzerland (The DACH Region), Rantum Capital Founded in 2013 by Dirk Notheis (Ex-Morgan Stanley Country Head & CEO for Germany & Austria) & Marc Pahlow (Carlyle, Goldman Sachs & McKinsey) Sexual Abuse Offender Jeffrey Epstein (Died 2019) Case: Microsoft Billionaire Bill Gates (Age 70) with $105 Billion Fortune to Appear Before United States Congress for Investigation on Links Between Gates Foundation & Jeffrey Epstein Hong Kong Insurance & Wealth Advisory Firm Lioner International Group Opens New Office in Switzerland (Zurich), Appoints ex-UBS & HSBC Senior Insurance Executive Giorgio Jeni as Partner & Head of Switzerland, 27 Years Private Banking & Financial Industry Experience Including at UBS, HSBC, Julius Baer & Credit Suisse Latest Latest Italy 2nd Largest Bank $113 Billion Intesa Makes Offer to Buy Italy 3rd Largest Bank & World Oldest Bank Banca Monte dei Paschi di Siena for $35 Billion (€30.6 Billion) Representing +12.5% Premium to Closing Price (5/6/26), Banca Monte dei Paschi di Siena Founded in 1472, Current Market Value at $35 Billion, Share Price +8.1% YTD, +38% Last 12 Months & -61% Last 5 Years Denmark $17 Billion Brewery Carlsberg to File for IPO of India Operations to Raise $700 Million at $3.9 Billion Valuation, Previous Report of 25% Share Sale for $790 Million at $3.1 Billion Valuation China AI Startup Moonshot AI to Raise $2 Billion at $30 Billion Valuation, Raised $2 Billion at $20 Billion Valuation in 2026 May, Founded in 2023 by Yang Zhilin, Investors Include Alibaba, Tencent & IDG Capital United States $938 Billion Private Equity Firm Apollo Global Management Ends Talk to Buy UK Thermal Processing Services Company Bodycote for $2 Billion (£1.52 Billion) in All-Cash Deal, Bodycote Founded in 1923 by Arthur Bodycote as G.R. Bodycote, Current Market Value at $1.6 Billion, Share Price -12.9% Last 5 Days, -0.6% YTD, +23.1% Last 12 Months & -17.7% Last 5 Years UK Financial Conduct Authority (FCA) to Confiscate $604,000 (£452,286.80) from Convicted Ponzi Fraudster  Daniel Pugh Who is Serving 7-Year & 6-Month Jail Term for $1.7 Million (£1.3 Million) Imperial Investment Fund (IIF) Ponzi Scheme with High Returns of 1.4% a Day, 7% a Week & 350% a Year, Raised $1.7 Million from 238 Investors Mainly via Facebook Advertisements UK Financial Conduct Authority (FCA) Issues New Rules & Guidance on Money Market Funds (MMFs), Key Changes Include Increase in Minimum Liquid Asset Requirement to 15% Daily Liquid Assets (DLA) & Increase to 50% Weekly Liquid Assets (WLA) Top Private Equity Firms Share Performance in 2026: Blackstone -28% YTD with $137 Billion Market Value, KKR -27.7% YTD with $84 Billion Market Value, Apollo -13% YTD with $78 Billion Market Value, EQT -18.1% YTD with $38 Billion Market Value, Partners Group -30.8% YTD with $19 Billion Market Value, Carlyle -28.4% YTD with $16 Billion Market Value & TPG -37.3% YTD with $16 Billion Market Value Hong Kong Financial Service & Brokerage Valuable Capital to Close Business in China Mainland after Recent Crackdown by China Authorities on Brokerages Conducting Businesses in China Mainland Without Regulatory Licence, Valuable Capital Founded by China Internet Company Sina & Sina Social Media Platform Weibo Singapore Exchange (SGX) iEdge Singapore Next 50 Indices June 2025 Update (Effective 22/6/26): iEdge Singapore Next 50 Liquidity Weighted Index Generated +12.3% Return YTD (2026 May), Straits Times Index +10.8% Return YTD (2026 May), 1) Adds 4 Companies (AEM Holdings, Top Glove Corporation, UI Boustead REIT & PC Partner Group), 2) Removes 4 Companies (Singapore Post, Digital Core REIT, Wee Hur Holdings & China Sunsine Chemical Holdings), Similar Changes Made on iEdge Singapore Next 50 Liquidity Weighted Index Latest Latest