A vice governor of the People’s Bank of China readied the nation for an economic hit in the first quarter due to the coronavirus outbreak alongside multiple officials that provided assurance and buffers to combat the crisis.
The long-awaited dinner took place on January 23, after a previously planned lunch in San Francisco was postponed.
Foreign investor participation in China’s distressed debt market has always been hindered by inefficient pricing due to an absence of losses from selling – an exception that remained true until this year.
The move continues the bank's string of similar hires from top global consulting firms to its Singapore office.
Julius Baer is the latest to join the broader financial industry's coronavirus relief efforts with the donation of 100,000 medical masks to mainland China.
The Monetary Authority of Singapore and the U.S. Treasury expressed support in a joint statement for data transfer by financial firms without the need for data localization.
Credit Suisse reportedly spied on its former main private banker, Iqbal Khan, outside of Switzerland. The Swiss bank was also having the top executive tailed far earlier than last autumn.
The platform, which connects players in the trade value chain in Singapore to their counterparts abroad, cuts trade processing time from about one week to a day.
Big shareholders are revolting against chairman Urs Rohner in support CEO Tidjane Thiam – an unprecedented turn of events in Swiss finance. finews.asia examines the Swiss bank's major investors.
Indonesian unicorn Gojek on Thursday launched an online insurance feature together with Indonesia-based insurtech firm PasarPolis.
The senior executive, which helped Malaysian state-owned development and investment company 1MDB arrange bond offerings in 2012-2013, is the third Goldman banker to be barred from banking activities in the United States.
Singapore life insurance industry maintained growth trajectory with a slight increase in new premiums in 2019 in the midst of the city-state’s slowest annual economic expansion in a decade.
Indonesia's leading digital payment and digital financial services platform, OVO, kicks off the nation's first integrated online mutual fund marketplace in collaboration with Bareksa.
The bourse has also hired its new head of post-trade from Allianz Global Investors.
The former Hong Kong chief executive of Saxo Bank resurfaces at a digital asset platform provider.
Australian regulators are considering intervention to stop banks from using Visa and MasterCard as their default options to route debit card payments in a move that would save up to $230 million per year.
UBS shows no sign of slowing down its mainland China expansion plans despite an ongoing coronavirus outbreak, having met its target set in 2016 to double headcount to 1,200 ahead of schedule, sources told finews.asia.
The artificial intelligence-powered fintech firm hopes to capture a slice of reach underbanked and underserved segments of the population whose needs have not been well met by traditional financial services.
As China is battling the coronavirus, rating agencies S&P Global and Moody's offer differing views on the impact for China's insurers.
Ahead of the bank's strategy update on February 18, people familiar with the matter said HSBC is targeting senior international managers in a bid to simplify its management setup as the bank struggles to boost profitability.
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