trending Market Intelligence /marketintelligence/en/news-insights/trending/wsPwTywBixWR82kLmHJSUA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Taiwan regulator fines Taichung Commercial Bank for violation of trust law

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Taiwan regulator fines Taichung Commercial Bank for violation of trust law

Taiwan's Financial Supervisory Commission fined Taichung Commercial Bank Co. Ltd. NT$1.8 million for asking bank staff to bear losses when funds sold to customers generated losses.

Between June 2016 and January, staff at the bank's Tucheng branch had to make up the difference between returns promised to five customers and returns generated by funds out of their own pocket, violating trust-related laws.

As of Oct. 13, US$1 was equivalent to NT$30.16.