The border between Hong Kong and mainland China reopened on Monday, marking a reversal of years of Covid-related travel restrictions.
Morgan Stanley Investment Management has received approval from the Chinese financial regulator for full ownership of its mainland venture.
Chinese regulators have given Standard Chartered the green light to set up a securities unit in the mainland.
The Office of the Attorney General of Switzerland has launched an investigation in connection with the data leak at Credit Suisse, but not against the bank itself.
Last year, the SEC imposed fines worth billions of dollars for violations of record-keeping requirements in banks' communications with their customers. It seems more firms are being targeted.
A legal dispute in Canada over the control of trusts has revealed Singapore as one of the temporary destinations for billions of dollars allegedly moved for tax avoidance.
Sustainability has been a catchphrase for a long time, and particularly so in banking. But if you want to be at all convincing, there are a few things you need to keep in mind, writes Marionna Wegenstein in an article for finews.first.
Singapore’s first licensed crypto exchange for all investors has appointed a new chief executive officer for the city-state.
Julius Baer achieving all of the goals it set for itself is something CEO Philipp Rickenbacher can chalk up as a success. But the bar has been raised.
Wealth services enabled by digital and AI capabilities could account for up to half of revenue growth for the industry in Asia in the coming three years, according to McKinsey.
A handful of global banks are reportedly reducing exposure to businesses owned by billionaire Gautam Adani while others are relatively less pessimistic about the group. What say the banks in the post-Hindenburg aftermath?
The crypto custody arm of Standard Chartered has entered into an agreement with SBI’s digital unit to form a joint venture in Japan.
Standard Chartered has announced the appointment of a North Asia head of private banking alongside three hires for the region.
Credit Suisse completed the liquidation of a second Greensill fund and will return funds to clients. That is the good news. Billions of dollars remain blocked.
Germany's largest credit institution expanded its private banking dramatically.
Newfound pressure on margins in its main wealth management business won’t help it to cut the valuation gap to North American peers or convince US institutions to step in. finews.asia takes a look.
Hong Kong-based insurer FWD has announced the appointment of a new chief executive for Singapore.
Another Credit Suisse veteran is leaving the embattled Swiss lender to pursue opportunities elsewhere.
Swiss pure-play Julius Baer registered negative net new money in Asia in 2022 due to de-risking in volatile markets, despite positive inflows in the second half.
By the end of 2022, Swiss bank Julius Baer has reclassified more than 2 billion francs of assets under management to assets under custody, primarily due to asset freezes and restrictions in client relationships as a consequence of Russia’s invasion of Ukraine.
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