trending Market Intelligence /marketintelligence/en/news-insights/trending/ioMhqAn3e_KgUsnXwGluhg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Taichung Commercial Bank, insurance unit fined NT$10.8M

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Taichung Commercial Bank, insurance unit fined NT$10.8M

Taiwan's Financial Supervisory Commission fined Taichung Commercial Bank Co. Ltd. and its unit Taichung Bank Insurance Brokers Co. Ltd. NT$10.8 million in total for inadequate internal controls.

The regulator said Jan. 7 that it fined the insurer NT$4.8 million after a 2018 inspection found that it failed to properly handle complaints and justify entertainment fees, while handing bonuses to below-par sales staff.

Taichung Commercial Bank was fined NT$6 million for failing to detect and remedy its unit's failings, despite inspecting it twice a year, the FSC said Jan. 8.

The lender was also banned from setting up branches in Taiwan, excluding rural areas in need of financial services, and from allowing staff to privately handle transactions and loans, among other things, on behalf of the client.

As of Jan. 7, US$1 was equivalent to NT$30.06.