Retired TPV founder sues Deutsche Bank over US$32m loss
Singapore
DEUTSCHE Bank AG was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology Ltd, over a US$32 million trading loss due to alleged false representations. The bank denied wrongdoing.
The bank advised the retired Taiwanese businessman to buy complex and high-risk structured products including accumulators and foreign-exchange derivatives in 2008, according to his lawsuit in the Singapore High Court. Accumulato…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Texas Instruments gives solid forecast in sign of comeback
Cordlife customers push for legal action
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
Australian inflation boosts case for higher-for-longer rates
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says