Hong Kong Exchange and Clearing’s head of group strategy – a key executive behind the bourse's failed attempt to buy the London Stock Exchange – has been transferred to the London Metal Exchange.
Insurance brokers hit by a dent in revenue from mainland policy buyers have found light by offsetting the shortfall with sales to Hong Kongers.
Lifestyle company V3 Group and its consortium have attracted the Singapore Business Federation in their bid to scoop up a digital full bank license in Singapore.
A Singaporean-led consortium is the latest to apply for one of three wholesale bank licenses up for grabs in Singapore.
HSBC will suspend overnight ATM services at 19 clusters in Hong Kong as a means of avoiding damages following reported vandalism against the lender perceived to be complicit in anti-protestor activities.
Only from the 12th century onwards did knowledge begin to become «self-referential». And this is exactly what the populists are now trying to turn around, Lars Jaeger writes in his essay on finews.first.
Singapore’s newly emerging digital-only banks are unlikely to pose much competition initially, threatening to obtain 3-5 percent of the existing asset base only in the best case scenario.
The bank cited growing interest in ESG investing and said it is committed to enhancing clients’ understanding on this front.
The acquiring business in Dubai is one of the first initiatives the firm has in the pipeline for the Middle East.
Anbang Insurance Group continues to unwind its holdings with the latest sale in the stake of a dozen rural commercial banks.
China will further open its financial markets with the latest move to remove restrictions for foreign banks to participate in the underwriting of local government bonds.
Indonesia’s central bank is planning to impose fixed fees on some e-wallet transactions in a move that not only eliminates pricing flexibility but could also deter small merchants from participating.
Despite ongoing turmoil and political uncertainty, Hong Kong will continue to rank among the top three financial centers globally for initial public offerings.
Several Chinese fintech firms have submitted a bid to the Monetary Authority of Singapore to operate a digital bank in the city-state.
China applies further stimulus to support the economy through a reduction to its cash reserve requirement ratio which is expected to release 800 billion yuan of liquidity.
A corporate and retail banking stalwart replaces Mak Lye Mun, who retires after 10 years at the helm.
Standard Chartered hires a chief information officer for its corporate, commercial and intuitional banking arm, based in Singapore.
The Chinese yuan experienced a volatile year but ended nearly where it started and analysts project only slight further weakening in 2020.
The Hong Kong Monetary Authority continues to defend the reputation of the city’s banking system is popularly believed to be battered by months of ongoing political unrest.
A consortium led by Razer is the latest to join the race for one of Singapore’s five digital banking licenses.
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