Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA [BNN Bloomberg (Canada)]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: BNN Bloomberg
Hundreds of employees were involved in an investigation that began last year into the misuse of insurance claims, which extended to ineligible items such as skincare products, supplements, toothbrushes and bird's nest — a Chinese delicacy, people familiar with the matter told CNA. The news was first reported by eFinancialCareers, which said the staff were fired last week. “Where wrongdoing is alleged, the matter will be investigated and reviewed according to the Bank's investigative and disciplinary framework ensuring a fair and robust process,” a Bank of Singapore spokesperson told Bloomberg News on Saturday. “Staff involved will be given the time and opportunity to be heard. Should any wrongdoing be found after the conclusion of investigation and necessary disciplinary inquiry, the appropriate disciplinary actions will be undertaken.” Employees were told to return the money for the claims, and in more serious cases, it affected bonuses as well as the cost-of-living support prov
Show less
Read more
Impact Snapshot
Event Time:
OVCHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVCHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVCHY alerts
High impacting OVERSEAS CHINSE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
OVCHY
News
- Oversea-Chinese Banking First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- NeoXam partners with Lion Global Investors [Yahoo! Finance]Yahoo! Finance
- UOB's Profit Beat Outshone By Growth Outlook at Rival DBS [Yahoo! Finance]Yahoo! Finance
- PT Bank Commonwealth Officially Becomes Part of PT Bank OCBC NISP Tbk [Yahoo! Finance]Yahoo! Finance
- PT Bank Commonwealth Officially Becomes Part of PT Bank OCBC NISP TbkPR Newswire