Punjab National Bank says Bhushan Power & Steel misappropriated bank funds and manipulated its books to raise funds from lenders.
Regulators have reportedly found ICBC's Shanghai branch deputy head to be in violation of regulations related to fundraising and buying wealth management products.
The trades involved overnight bond repo transactions in the interbank market at prices below normal market rates.
Directors of listed companies have a duty to exercise due and reasonable care, skill and diligence when evaluating or approving the acquisition or disposal of a company or business.
The former private banker forged signatures and documents to siphon off $10mn from client bank accounts between 2010 and 2013.
Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.
Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.
The MOF and CSRC agree to provide the "fullest assistance" in response to SFC requests for investigative assistance regarding the provision of audit working papers.
The stronger protections for whistleblowers apply to misconduct or an improper state of affairs or circumstances, not just breaches of the law.
The agreement settles claims relating to MUFG's switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.