The banking industry is facing tough challenges as it is. On top of that, it now has to deal with the severe consequences of the new coronavirus. It is the perfect storm.
The drop in the price of oil and concern about the effect of the coronavirus has sent stock markets across the world into negative territory. Shares of banking giants Credit Suisse and UBS were among the worst hit.
Deutsche Bank has split up sales and trading teams in Frankfurt after an employee tested positive for the coronavirus, following moves by other global banks which have separated their workforces into different teams.
CIMB Group Holdings announced on Monday that its chief has relinquished his post on Monday, as he has been appointed the new Finance Minister in Malaysia.
The Swiss financial market regulator has sent a top white collar crime investigator to Credit Suisse headquarters to find out more about the spyscandal that rocked the bank late last year.
DBS' chief executive received a bump-up in his paycheck to match the 14 percent year-on-year growth in the bank's full-year profits for 2019. Last year also marks the chief's 10th year at Singapore's largest bank.
FWD Group, the insurance arm of Hong Kong's investment conglomerate Pacific Century Group, has appointed a new CEO for Singapore, as his predecessor moves to a new role.
Three years ago, Pictet’s partners decided they were ready for a breath of fresh air. With Boris Collardi, they got a tempest instead.
Bank Rakyat Indonesia (BRI) has launched Ceria, a digital credit mobile app specifically designed for e-commerce transactions and aimed at millennial consumers in Indonesia.
South Korea's central bank last Friday said it is quarantining banknotes for two weeks to remove any traces of coronavirus and even burning some as part of efforts to stem the outbreak.
Deutsche Bank is in talks to expand a business partnership with Bundesliga team Eintracht Frankfurt as part of its strategy to boost its popularity in Germany.
The latest CEO appointments at the two big Swiss banks show that the dominant ego-centric streak is making way for other character traits. Oliver Berger discusses the new trend in an essay for finews.first.
Zurich overtook UBS in terms of its stock market valuation more than a year ago. But still, the top managers of the insurance company are getting a much lower compensation package than their colleagues at the bank.
United Overseas Bank and Prudential Singapore launched a financial solution for women in Singapore that combines a savings account with complementary medical insurance for six female-related cancers.
The wealth giant is bulking up its defense in a key French criminal trial. UBS will hand over primary responsibility for its defense to a heavyweight French lawyer – and enlist a well-known Swiss veteran.
As cases of novel coronavirus continue to increase worldwide, Yves Bonzon, Group Chief Investment Officer at Julius Baer, shares his view on the impact the pandemic is having on global markets. Here are his 12 conclusions.
The Philippines is about to welcome its first digital-only bank. Tonik Digital Bank, founded in 2018, received its banking license from the Philippines’ Central Bank. Preparing for its launch, Tonik has selected BPC as its exclusive payment partner.
Millennial collectors lead art market sales, spending six times more than Boomers, while female collectors spend more than men, a new UBS survey reveals.
Urs Rohner reportedly sounded out investors about staying in the chairman's job at Credit Suisse longer his planned exit next year. This would circumvent not only term limits but also a quid-pro-quo over ex-CEO Tidjane Thiam.
Digital payment systems such as Libra and Alipay may eventually weaken traditional tools of monetary policy. In doing a good job, central banks can prevent this from happening though, according to a high-ranking Swiss central banker.
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