Brief: Taiwan Financial Regulator Imposes T$30 Mln Fine On CTBC Financial

CTBC Financial Holding Co

10/08/2023 09:29

Aug 10 (Reuters) - Taiwan's Financial Supervisory
Commission said on Thursday, 
     
    IMPOSES T$30 MLN ($0.95 MLN) FINE ON CTBC FINANCIAL
 2891.TW  FOR INTERNAL CONTROL VIOLATIONS
    IMPOSES T$10 MLN FINE ON CTB'S INSURANCE UNIT FOR INTERNAL
CONTROL VIOLATIONS
    SUSPENDS CTBC'S CHAIRMAN, APPLIES SANCTIONS REDUCING
PRESIDENT'S SALARY
    SUSPENDS CTBC'S INSURANCE UNIT PRESIDENT FOR 1 YEAR
    
Further company coverage:  2891.TW 

 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))