Taiwan's Mega Financial looking into NY banking branch client activities: Chairman
- Wall St. falls as earnings from some big names disappoint
- General Motors (GM) Tops Q3 EPS by 28c
- Procter & Gamble (PG) Tops Q1 EPS by 5c
- DuPont (DD) Tops Q3 EPS by 14c; Boosts FY16 EPS Outlook; Says Continuing to Work with Regulators
- Pre-Open Stock Movers 10/25: (SAEX) (CWEI) (SWFT) Higher; (DPRX) (CRBP) (UA) Lower (more...)
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
TAIPEI (Reuters) - Taiwanese state-run financial holding company Mega Financial's newly appointed chairman Michael Chang told lawmakers on Wednesday the firm is investigating whether clients of its New York banking branch engaged in money-laundering activities.
Chang was speaking during a parliamentary session in Taipei.
The executive was appointed by the Taiwan government earlier this month after the New York banking unit was hit by a U.S. fine for anti-money laundering violations.
(Reporting by Faith Hung; Editing by Kenneth Maxwell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- What to do when a health crisis pushes you over the limit
- Investors most net long on longer-dated U.S. bonds in a month: JPM
- U.S. judge approves $14.7 billion settlement over VW diesel vehicles
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!