HSBC’s stake in state-owned Bank of Communications is reportedly at risk of being overvalued. Market analysts contemplate the prospects of a write-down and other options.
US bank J.P. Morgan announced its annual curation of «What’s next»: a collection of recommended books and cultural experiences inspired by evolving ideas and perspectives for 2024.
Digital asset specialist Sygnum is benefitting from regulatory certainty in Asia, co-founders Mathias Imbach and Gerald Goh told finews.asia, as flows are shifting away from unregulated entities.
The Swiss private markets specialist Partners Group inks a billion-dollar deal with US financial investor Blackstone. The exit comes at just the right time.
Within 24 hours of Binance and CEO Changpeng Zhao pleading guilty to US laundering charges, the crypto giant has seen nearly $1 billion in outflows, according to blockchain analytics platform Nansen.
She was once called «Money Martha» in finance. But now she has found a much greater calling.
A former Wall Street Journal editor has been appointed as the new chief executive of financial industry group ASIFMA.
The famed investor is working with a Swiss crypto pioneer to get the green light from the SEC as the race to introduce the first spot Bitcoin ETF in the US heats up.
WeLab, backed partly by Hong Kong’s richest man, has launched a digital banking unit in Indonesia.
The recent Gala Dinner of the Swiss Chamber of Commerce and Industry Singapore highlighted the commendable green initiatives and achievements of SwissCham members.
Crypto giant Binance has agreed to resolve money laundering charges in the US and pay more than $4 billion in penalties. CEO Changpeng Zhao will also step down.
The family office behind the owners of French luxury house Chanel has hired a new director in Hong Kong.
Hong Kong-based insurer AIA has announced the appointment of top executives to oversee marketing and technology in Singapore.
New York-based Citigroup has reshuffled some top executives within its investment and corporate banking unit in the region, finews.asia has learned.
Funds raised via initial public offerings in Hong Kong this year have reached the lowest level in two decades, according to an EY report.
Switzerland licks its wounds after the Credit Suisse fiasco and puts all hopes in a sole savior at a time when many other competing financial centers have become very innovative. That is risky, believes finews.asia publisher Claude Baumann.
Credit Suisse's integration is making progress. That has apparently freed up so much time for UBS's chairman that he will soon be in a position to lecture at a British university.
London-headquartered HSBC has reportedly reached the halfway point for its wealth management hiring target in mainland China.
Standard Chartered has launched its first high net worth center in mainland China to cater to the needs of millionaires in the country.
Zurich-based Julius Baer has announced a trio of private banking promotions to oversee various markets in the region, finews.asia has learned.
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