[4] In 2019, it was reported that the bank was under investigation for alleged money laundering and sanctions violations involving the North Korean regime.

[7] In April 2017, news broke that the Chengdu branch of Shanghai Pudong Development Bank (SPD Bank) was involved in a massive bad debt scandal amounting to hundreds of billions of yuan.

[8] Although SPD Bank initially denied any wrongdoing, it later admitted to irregularities at the branch.

[9] An advertising campaign by SPD Bank sparked public outrage for exploiting the image of firefighters who died in the Liangshan forest fire to promote a credit card debt exemption service.

By the afternoon of 3 April, SPD Bank had to publicly apologize and request the removal of the image.