HONG KONG - Hong Kong’s securities regulator banned UBS on Thursday from sponsoring initial public offerings domestically for a year for failures in that role in three IPOs, the first major bank involved in stock listings to face such action in the city.
In the wake of a slew of scandals among newly traded firms earlier this decade, the SFC has been cracking down on banks not properly carrying out their duties as sponsor. UBS was also fined for failing to discharge its duties in a third IPO which the regulator did not name.
sandeepbaliga 🙈
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS, StanChart settle 2009 Hong Kong IPO misconduct caseUBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged ...
Source: Reuters - 🏆 2. / 97 Read more »
UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator's counselUBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged ...
Source: Reuters - 🏆 2. / 97 Read more »
Hong Kong Spends Nearly $700 Million to Bolster CurrencyA glut of cash in Hong Kong’s financial system has pushed down market interest rates, depressing the city’s currency and forcing authorities to spend $692 million of foreign reserves defending its long-running link to the U.S. dollar. If only they could turn to a decentralized currency 🤔🤔 If you make more of something ts value goes down? *eureka* That's funny....
Source: WSJ - 🏆 98. / 63 Read more »
Domestic workers: The economic backbone of Hong Kong but some of its worst-treated womenShe slept in a cupboard, worked 80-hour weeks, and was sacked for having cancer. But this woman's story isn't unusual - while domestic workers are the economic backbone of Hong Kong, they are among its worst-treated women IWD2019 ...all so the folks in America can buy cheap Chinesium crap from WalMart. Ain't life grand? Worst-treated domestic workers? I'm guessing you haven't checked the middle east. Mistreated workers in China? That seems f'd ar fetched
Source: CNN - 🏆 4. / 95 Read more »
Breakingviews - Hong Kong bank showcases the XX factor(Reuters Breakingviews) - Hong Kong is home to an unlikely champion of gender eq...
Source: Reuters - 🏆 2. / 97 Read more »
U.S. envoy for religious freedom slams China during Hong Kong visitThe U.S. ambassador for religious freedom, Sam Brownback, on Friday called on Be... I hope he is allowed by Trump to condemn Saudi also at some point😡 Tap tap... Is this thing on? Really?
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Businesses Warn Against Hong Kong Move to Allow Extraditions to ChinaA proposed law that would allow criminal suspects to be extradited from Hong Kong to mainland China is drawing opposition, including from foreign business leaders who warn Beijing could exploit the law for political purposes and shake confidence in the city.
Source: WSJ - 🏆 98. / 63 Read more »
Hong Kong bank showcases the XX factorAs International Women’s Day brings more sad stats about corporate diversity, $46 bln Hang Seng Bank can stand proud. Its shares have outperformed under three consecutive female CEOs and a cohort of female directors. It sets a powerful example for companies worldwide to follow.
Source: Breakingviews - 🏆 470. / 51 Read more »
The Hong Kong domestic worker sacked for having cancerBaby Jane Teodoro Allas, 38, was sacked from her job as a domestic helper in Hong Kong while on sick leave. The reason her employer gave for her dismissal was simple: 'Diagnosed with cervical cancer.' HONG KONG IS WRONG KONG I guess now we know who's the real sick ones.
Source: CNN - 🏆 4. / 95 Read more »
Futu Holdings stock soars 39.5% in trading debut
Source: MarketWatch - 🏆 3. / 97 Read more »