Global markets data provider Refinitiv was selected by a consortium of six country exchanges to power its online platform.
The strategic appointment continues the Savills Group's focus on Asia, and will help the firm as it develops its proposition for investment in the APAC region, particularly for clients in Malaysia.
Huawei’s legal representatives claim that U.S. authorities had knowledge of the bank’s violations against Iran sanctions but chose not to pursue the matter.
Axa appoints a chief strategy and customer officer for Asian markets to place an even greater emphasis on the region including a «doubling down on mainland China».
Financial secrecy around the world is decreasing as a result of recent transparency reforms, and on average, countries around the world have reduced their contribution to global financial secrecy by 7 percent, according to a new report.
Once self-proclaimed as the «world’s local bank», HSBC’s latest strategic overhaul points to more of the same: an even more deglobalized future. This inspires more questions than answers.
The bank is bringing on board a fintech evangelist, who will focus on strengthening data analytics and channel capabilities at its transaction banking business.
A surprise inclusion in the phase one U.S.-China trade deal, Oaktree Capital Management becomes the first foreign beneficiary of liberalized access to the mainland's distressed debt market.
The bank is expanding its local research team as it hopes to strengthen its research insights and provide tailored insights on the implications for Australia.
The outbreak of the coronavirus has triggered a growing interest in residence- and citizenship-by-investment programs among wealth managers and high-net-worth individuals, Henley & Partners CEO Juerg Steffen says.
The Credit Suisse Investment Foundation CSA has gathered another half a billion francs from pension funds, according to information obtained by finews.asia. The infrastructure fund received some of the money from rival banks.
The world’s largest furniture chain has teamed up with Swiss Re for its latest product launch: home insurance. So far, the offering is available in two countries only.
After reportedly emphatic proclamations by HSBC’s interim chief executive Noel Quinn that he would act «not just as an interim CEO, but as the CEO of the bank,» his position remains unchanged and his future even more uncertain after dismal annual results in 2019.
HSBC posted $13.35 billion in pre-tax profits for 2019 – a near 33 percent year-on-year plunge – and said it would cut around 35,000 jobs to shrink its global workforce.
The ongoing coronavirus crisis is adding pressure to Chinese debt, according to a recent report by Fitch Ratings which underlined smaller developers as the ones that faced the highest refinancing risk.
J.P. Morgan hired three industry veterans to take on senior roles within its Corporate Banking and Wholesale Payments franchises in Asia Pacific as part of its strategy to strengthen support for its expanding pool of corporate clients.
Fines above 10 million yuan were imposed for the first time ever to three Chinese financial institutions demonstrating that regulators may make good on their commitment signaled last year to put an end to immaterial monetary penalties.
Another staff of DBS has tested positive for the novel coronavirus, according to a media report.
Foreign banks are unperturbed by the coronavirus outbreak and are in fact faced with an opportune window for hiring as they forge ahead with their historic expansion plans in China, sources told finews.asia.
In anticipation of the growth of international banking clients, Standard Chartered will look to double the number of relationship managers it houses over the next four years.
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