There are an estimated 100,00 vacant condominiums in and around Thailand’s capital as a plunge in Chinese demand hits the property sector.
There’s a transition going on within banks that operate in highly-populated Asian countries, where their customers’ personal wealth is growing at a fast pace.
UBS maintains a cadre of roughly 100 key executives who outrank managing directors but aren’t part of top management. finews.asia peeks behind the opaque scheme.
Citi Private Bank internally promotes a heavyweight banker to become a global market manager based in Hong Kong, finews.asia has learned.
Cash dispensation from Rs 2,000 currency cassettes would be disabled at all ATMs and cash recyclers on 1 March, based on a circular issued by the Indian Bank's digital banking division last week.
The chances of Noel Quinn being named the permanent group CEO of HSBC just improved with the reported dropout of a potential candidate.
UBS' Rene Buehlmann took a sabbatical last year and wanted to return and take another job within the bank. Now, the former head of asset management in Asia as left UBS, finews.asia can reveal.
With much of China's economy at a standstill while authorities try to contain an epidemic, millions of private companies face collapse if banks do not act quickly.
In business-critical fields, Artificial Intelligence can if applied naively or carelessly do harm, Professor of Finance Norman Schuerhoff says in an interview with finews.asia. The Revolut scandal is a good example.
A letter of thanks was issued by China’s head of state Xi Jinping to American Bill Gates following emergency funding commitments by the American tech billionaire of up to $100 million.
What concerns crypto and blockchain, Marc Fleury is a critic and enthusiast at the same time. He told finews.asia in an interview why he believes that Bitcoin is a killer app of transnational banking.
Ethicist Bruce Weinstein is a long-time critic of Credit Suisse Chairman Urs Rohner. A recent spy affair illustrates the bank has a cultural problem, the expert told finews.asia.
The Swiss private bank has found a replacement for Enid Yip, who joins its board of directors.
Grab, which has ambitions in the financial services space, has been given a boost with a strategic investment by the leading Japanese bank.
Renowned Hong Kong celebrity Louis Koo Tin-lok outdid local billionaires, including Li Ka-shing, with the donation of 1.3 million face masks to those in need.
Art Basel makes a timely launch of its inaugural digital platform following the cancellation of its fair in Hong Kong due to the Covid-19 outbreak.
Despite a strengthening dollar and rising stock prices, the price of gold hit $1,626 – a seven-year high, and more than $100 up since the beginning of 2020 – on Thursday as investors continue to pile into the yellow metal.
Following the historic seizures of three banks in 2019, the coronavirus outbreak extends the unfortunate streak in China, this time into the airline industry.
HSBC shares a glimpse into the strategy for its newly merged retail and private banking unit with a combined $1.4 trillion in client assets.
The bank's total income for 2019 grows 10 percent to cross $10 billion, led by healthy client franchise growth and stronger trading and investment income. It is recommending a full-year dividend of S$1.30 per ordinary share.
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