danny pang

In Asia Monday, Hong Kong's Hang Seng Index fell 1.2%, dragged down by banking shares after news broke that five Taiwanese lenders are suing HSBC over its involvement with a Ponzi scheme. China's Shanghai Composite Index slid 0.5% and in Japan the Nikkei 225 Index remained virtually unchanged.

On Tuesday, the New York Post reported that Bernie Madoff got into his first prison fight. Apparently, he and another inmate were arguing about the stock market when the discussion escalated into shouts. Madoff's unnamed assailant shoved him and Madoff shoved back, knocking the man down. According...

If the economic meltdown were to have an epitaph, it might be Warren Buffett's (and Robert L. Clarke's) oft-cited admonition that "When the tide goes out, you find out who is swimming naked." Over the past year, this popular line has transformed from a pithy quote into a contest, with each entrant...

Danny Pang, founder and ex-chief executive of PEMGroup, will make his first court appearance in California today on charges related to cash transactions. Pang was arrested yesterday in California and his assets were frozen. The U.S. case could have a major impact in Taiwan, where Pang raised most...