Switzerland's national carrier Swiss extends its suspension of all services to Mainland China to the end of the winter schedules. In addition, capacities are reduced to and from Hong Kong.
Tidjane Thiam joined Credit Suisse to revive Switzerland’s second-largest bank. As he departs four years later, finews.asia takes stock.
Singapore banks' loan growth is expected to grow at half the pace of last year due to the economic headwinds facing the city-state caused by the coronavirus (Covid-19) outbreak, according to a report by Fitch Solutions Macro Research forecast released on Friday.
AXA Investment Managers as launched its All China Evolving Trends strategy, which aims to provide investors with access to the growing pot of investable Chinese equities listed both in China and abroad.
HSBC Singapore is the latest to join other Singapore banks in announcing a slew of relief measures to help businesses and retail customers tide through the effects of the Covid-19 outbreak.
American lender Wells Fargo plans to cut hundreds of jobs in the Philippines while moving a portion of them to India as it joins other banks in similar moves consolidating workers in fewer locations.
A Swiss encryption firm part-owned by the U.S.' intelligence service maintained close ties to a cybersecurity firm, which in turn supplies the Swiss financial industry, finews.asia has learned.
Tidjane Thiam’s farewell at Credit Suisse provided few fireworks – but the outgoing CEO couldn’t entirely hide his bitterness at leaving before his time.
The man, wanted in connection with the 2016 robbery of a Standard Chartered branch in Holland Village, will face charges in Singapore after his appeal against extradition from the U.K. was dismissed by a London judge.
A member of Credit Suisse's board of directors with deep familial ties to the bank will exit in April.
Hans Isler, Vice-Chairman of the Board of Directors and Chairman of the Audit Committee, has decided not to stand for re-election at the forthcoming Annual General Meeting. His successor is a renowned lawyer.
Following a subdued start to the financial year 2019, Leonteq delivered a solid performance in a challenging market environment. However, the Asia region saw a decrease in net fee income year on year, reflecting reduced client activity.
The bank is proposing a cash distribution of 0.2776 Swiss francs per share for the financial year 2019, in line with its goal of increasing the ordinary dividend per share by at least 5 percent per annum.
Credit Suisse had a stellar performance in the fourth quarter of 2019, the last quarter that outgoing CEO Tidjane Thiam was fully responsible for.
The bank's chief executive said that despite fears over the disruption caused by the Covid-19 virus outbreak, it is «business as usual» for the bank, which has been taking the same precautions in Singapore as it has in China and Hong Kong.
Vontobel is adapting its business model to meet future demands and highlighted plans to step up services for external asset managers in Asia. The Zurich-based bank reported positive results for 2019.
The newly created role was made to support the growing demand for ETFs in the Asia Pacific market.
As banks reinvent themselves, they must also be clear about their «why», emphasizing their role as responsible stewards in creating a better financial future for all, writes global consulting firm McKinsey in a new report.
Bank of Singapore appointed Celine Le Cotonnec as chief data and innovation officer, a newly created role.
United Overseas Bank announced on Wednesday that it has allocated S$3 billion to provide companies in Singapore with relief assistance to tide over the negative impact of the Covid-19 outbreak on their business.
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