June 26, 2026

Cathay United Bank Co. Chairman Kuo Ming-jian has resigned following a regulatory breach at the lender’s asset management affiliate linked to his outside positions, an incident that culminated in a physical altercation with a member of Taiwan’s billionaire Tsai family.

Oil prices turned higher after a ship was hit by an unknown projectile in the Strait of Hormuz, sustaining damage to the bridge. Bloomberg’s Mica Soellner has the context. (Source: Bloomberg)