Overseas Trust Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1987
Criminal convictions of former leadership
Patrick C. T. Chang and former senior management were sentenced to imprisonment by a Hong Kong court.
1986
Investigation and arrest of former chairman
The Royal Hong Kong Police and the Independent Commission Against Corruption investigated the bank's downfall. Former chairman Patrick C. T. Chang was arrested in May 1986.
1985
Collapse linked to liquidity and bad-debt problems
OTB announced that it was close to collapse amid severe cash-flow difficulties and reported bad debts of US$89.5 million. The Hong Kong Government took control the following day.