In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.
February 4, 2023New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 2023The bank faced $8bn in withdrawals, forcing it to sell $5.2bn in debt securities at a $718mn loss. Its stock has fallen 95% since Nov 2021.
January 11, 2023Corporate bonds found to have debt repayment risks will be listed as "key focus objects" and subject to additional supervision by a special risk response team.
January 8, 2023Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.
December 15, 2022The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.
November 25, 2022The draft rules strengthen obligations for bond intermediaries to improve their due diligence practices and serve as gatekeepers.
November 22, 2022Four state-owned banks have been asked to help manage Saigon Commercial Bank after it experienced a bank run.
October 20, 2022Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.
August 22, 2022The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.
August 19, 2022