Web's Best – March 2016

Eight Predictions for the Future of Online Brokerages

Tiburon Strategic Advisors managing partner Chip Roame is bullish on the future of discount and online brokerages, thanks to active traders, human financial advisors, opportunities overseas and cross-selling opportunities. Here are Tiburon’s eight predictions for the future of discount and online brokerages. – March 29 / WealthManagement.com

Ted Cruz, Gaining Anti-Trump Momentum, Seen as Friend of Financial Industry

A strident foe of regulation, including the Dodd-Frank financial reform law, Mr. Cruz is projected to be a president who would not foist many new rules on Wall Street. – March 28 / Investment News

How Chinese Tourism Spurs Overseas Property Shopping

China is the world’s largest outbound tourist market1, yet only 4 percent of China’s population hold a passport. What’s more, this 4 percent alone lavishes nearly $200 billion each year abroad – more than any other country in the world. And now, Goldman Sachs predicts 12 percent of China’s population will be passport bearers in ten years time. imagine the colossal impact worldwide when that happens. March 25 /Juwai.com

Drastic Shifts in Behavior is Boosting Mobile Banking in Southeast Asia

Digital banking has become a serious business trend as Asian consumers are becoming more and more comfortable with using mobile and Internet channels for banking services. – March 22 / fintechnews.sg

Credit Suisse Bulks up Asia Private Banking Desk

Swiss banking giant Credit Suisse is stepping up its efforts to build out a high net worth Asian-client desk within its Australian private bank, according to sources. – March 22 / Financial Review

Bank Bosses Could Lose Their Bonuses If They Don't Hire More Women

Bank bosses in the U.K. will have their bonuses on the line if they don’t hire more women in senior roles in a radical move to address gender inequality in the industry. – March 22 / The Independent

The 10 Most Active Fintech VCs Investors in Asia

In 2015, fintech funding in Asia hit a record of US$4.52 billion across 130 deals, a rise attributed to the 17 US$50 million+ investments into the likes of One97, Dianrong, and BankBazaar, according to a new report from CB Insights and KPMG. – March 13 / Fintech News Singapore

Women and Work: Observations on the U.K. and Hong Kong

Two years ago, Peter Mathieson moved to his current role after working for 30 years in the United Kingdom, where his experience was as a doctor working in the National Health Service (NHS) and as a medical teacher, researcher and latterly academic leader in the university system. Now he leads a university in Hong Kong. The hypothesis that he explores in this article is that his chromosomal make-up has given him an unfair advantage in all these roles. – March 7 / World Economic Forum

The Awful and the Absurd in Banking Apps

«Awful!» That is how Tony Chew, Global Head of Cyber Security Regulatory Strategy, Citibank, describes the state of banking apps in Asia. They are «so awful and so primitive, and they lack imagination and creativity». – March 7 / Convergence Asia

UBS Considers Acquisitions in Europe

UBS may consider making acquisitions to boost its European wealth management business. – March 3 / Reuters

See the Richest People on the Planet

Months of research, discovery and communication with the wealthiest people in the world yielded the data for the 30th annual Forbes Billionaires list. – March 2 / Forbes

Barclays CEO Jes Staley: «We Must Regain Trust»

In his first interview since taking over at the bank in December, Mr Staley said that the core bank was performing well, but there was a lot of work to do "simplifying" the structure of the bank and improving conduct. – March 2 / BBC

Credit Suisse Said to Sell Distressed Assets in Thiam Reboot

The Swiss bank has begun selling $1.9 billion of distressed-debt holdings that triggered losses at the end of last year, as part of an overhaul by Credit Suisse CEO Tidjane Thiam, people with knowledge of the matter said. – March 1 / Bloomberg

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