Caproasia https://validator.w3.org/feed/docs/rss2.html 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 Latest Latest Latest Latest Latest United States Power Solutions Company ERock NYSE IPO to Raise $642 Million at $5 Billion Valuation with Expected IPO Listing on 10th June 2026, Founded in 2006 as Enchanted Rock by Thomas McAndrew Switzerland $54 Billion Alternative Investment Manager Pictet Alternative Advisors Raised $1.5 Billion for 6th Private Equity Co-Investment Fund (Monte Rosa Co-Investments VI) to Invest in Buyout, Growth & Venture Opportunities in 25 to 30 Co-Investments in North America, Europe & Asia, 40% of $1.5 Billion Already Deployed in 14 Transactions, Raised $900 Million for 5th Fund in 2023 France $95 Billion Insurance Giant Axa Launches New Wealth Management Platform Axa Global Private (AGP) to Provide HNWs & UHNWs Access to Multi-Jurisdictional Wealth Planning & Lifestyle Protection Solutions (Include Life, Wealth, Health, Luxury Homes, Art Collections, Kidnap, Ransom & Specialised Coverage for High-Value Assets), Will Operate from Hong Kong & Bermuda with Initial Focus on Asia HNW China Corruption: Ex-Chairman of Hong Kong-Listed CSSC (Hong Kong) Shipping Co Yang Li Investigated for Corruption Bank of China Shenzhen Branch ex-President Wang Shaojun & ex-Deputy Head of Credit Approval Xin Qiang Investigated for $6.8 Billion (CNY 46 Billion) Loan Exposure to China Tianjin Property Project, Originally Developed by Hong Kong ex-Billionaire Pan Sutong (Goldin Properties Holdings) China $519 Billion Tech Giant Tencent to Issue $4 Billion Bonds in 2 Currencies (USD & CNY), 4 Tranches with USD 10-Year Note, USD 20-Year Note, CNY 10-Year Note & 30-Year Note Singapore Sentosa Island $1.8 Million 112-Foot Italy Ferretti Luxury Yacht (Named EagleWings III) Caught Fire & Partially Sunk on 7th June 2026, Docked at ONE°15 Marina Sentosa Cove, Accommodates 53 Guests, Have 5 Cabins & Jacuzzi, Operator is EagleWings Yacht Charters, Ferretti Yachts Custom Line 112 Reselling For $1.8 Million to $4.5 Million Thailand Tax Authority May Start Bankruptcy Proceedings to Recover $542 Million Tax on Thailand ex-Prime Minister (2001 to 2006) & Billionaire with $2 Billion Fortune Thaksin Shinawatra (Age 76) in 2006 Sale of Telecom Company Shin Corp for $1.9 Billion Without Tax to Singapore Temasek, Thailand Supreme Court Reinstated $542 Million Tax Penalty in 2025 November United States Digital Bank Forbright Nasdaq IPO to Raise $158 Million at $994 Million Valuation with Expected IPO Listing on 11th June 2026, Founded in 2003 by John Delaney HSBC Asset Management Mid-Year Outlook 2026: 1) Oil Shock to Hit Growth, 2) Emerging Market to Outperform, 3) AI Boom, 4) Demand for Semiconductor, 5) Asian Equities Supported by AI-Driven Investment Cycle & Industrial Capex, 6) Asian Fixed Income Supported by Regional Fundamentals & Attractive Carry United States $24 Billion Private Credit Asset Manager Monroe Capital Sets 5% of NAV (Net Asset Value) Withdrawal Limit on $2.8 Billion Private Credit Fund (Monroe Capital Income Plus Corp) after Receiving 9% Redemption Requests PwC Hong Kong Partners Will Not Receive Millions of 5-Year Payout from Sale of PwC Business Unit in 2022 with Remaining Amount to be Retained for Operations & Investments, PwC Hong Kong Partners Will Instead Get Initial 3-Year Payout Singapore 2nd 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 KPMG Australia Client Data Leak Scandal: KPMG Global Leaders Refused to Investigate Australia Whistleblower Claims (Reported by Financial Times), Reserve Bank of Australia (RBA) Will Likely Not Reappoint KPMG to Operate Whistleblower Hotline, Eileen Hoggett Steps Down as KPMA Australia Chief Operating Officer (COO) But Will Remain as Audit Partner, KPMG Australia CEO Andrew Yates & Head of Audit Julian McPherson Resigned after Complaints of Sharing Confidential Client Data to Win Contracts by Whistleblower, Clients Data Misused Involved Lendlease, Telstra & Optus, KPMG Australia Largest Clients Include ANZ, Westpac & Macquarie, Australian Securities and Investments Commission (ASIC) Starts Investigation, Stan Stavros Appointed as Interim KPMG Australia CEO Hong Kong Monetary Authority (HKMA) Issues New Guidelines for Brokerages on Managing Accounts (Include Account Opening) of China Mainland Customers, Tiger Brokers, Futu Securities & Longbridge to Stop Deposits & Buy Trades (Effective 12/6/26) for China Mainland Accounts, Only Allow Withdrawals, Sell Trades & Account Closures, 2-Year Grace Period Given to Allow Sell Trades & Outgoing Transfers for 3 Brokerages in China Mainland (Tiger Brokers, Futu Securities & Longbridge) Singapore 2nd Largest Bank $82 Billion OCBC Launches Physical Gold Trading (Buy, Sell & Custody) for OCBC Institutional Clients & Private Banking Clients (Bank of Singapore), Gold Bars Available in 2 Sizes – 1) Large Bars (400 Troy Ounces / 12.4 kg) & 2) 1 Kilobars (1 kg), Large Bars are Global Standard for International Settlement, Kilobars are Preferred in Asian Markets China Bankrupt Luxury Car Dealer Baolide Holdings Founder Yu Haijun with $900 Million Fortune in 2023 & Senior Executives Detained by China Police for Financial Fraud Investigation Goldman Sachs Chief Legal Officer & General Counsel Kathryn Ruemmler Who Resigned is Staying at Goldman Sachs as Advisor (Requested by Goldman Sachs CEO David Solomon), Resigned for Close Relationship with Jeffrey Epstein Calling Him as Uncle Jeffrey & Sweetie and Received > $20,000 to $99,000 Value of Gifts, Kathryn Ruemmler was Listed as Backup Executor of Jeffrey Epstein Estate, Kathryn Ruemmler was Previously White House Counsel (2011 to 2014) to United States President Barack Obama & Associate Counsel to United Sates President Bill Clinton (2000 to 2001), Received $25 Million Salary in 2025 Citibank & Germany Luxury Racing Carmaker Porsche Announced Partnership to Provide Citibank Citigold Private Client Customers in Singapore Birthday Celebrations with Exclusive Porsche Experiences, 1) 1-Day Unsupervised Test Drive in Any Porsche Model (Include Vehicle Handover & Orientation), 2) Breakfast at Porsche Studio Singapore & 3) Guided 60 to 90 Minutes Test Drive with Porsche Product Specialist, Singapore Citigold Private Client Qualifying Criteria Require at Least S$1.5 Million AUM, IPB Clients Require at Least $1 Million AUM