Two solutions are part of the bank's doubling of investments into digital over the past two years to better support its retail banking proposition.
The Securities and Futures Commission’s latest survey found 83 percent of firms engaged in asset management considering at least one of the environmental, social and governance factors in their investment decisions.
The appointment of the property industry veteran is a move that supports the firm's target allocation of 10 percent of its global real estate portfolio in the region.
Standard Chartered recently announced its commitment to combat climate change with real and substantial anti-coal financing policies and even exited three controversial power plant deals.
The Australia Securities & Investments Commission has filed a lawsuit against the National Australia Bank for charging its customers over services it did not offer.
At least two spy cases at Credit Suisse: CEO Tidjane Thiam has ushered in a climate of extreme mistrust and spite. Is this how to run a major bank?, finews.com editor Peter Hody asks.
Australia’s banking regulator will launch investigations into the ongoing Westpac scandal and could use newly expanded powers on its directors and executives.
India’s banks could see a $7.6 billion earnings boost this month as the country’s bankruptcy court quickened the process in clearing a backlog of large cases.
Australia’s banking regulator requires Westpac Banking Corp to hold an extra A$500 million in capital after announced an investigation into the bank’s alleged money laundering breaches.
A relatively high rate of savings and sophisticated choice of financial products have led China’s mass affluent to be the closest among all markets – 44 percent – to reaching their wealth targets.
Companies may have come under pressure to boost the number of women on their boards but many have relied on a narrow pool of candidates. This raises concerns that some board members may be stretched too thin.
Former Goldman Sachs banker Tim Leissner has been permanently barred from the securities industry by U.S. regulators over bribery in the 1MDB scandal.
Six private companies in the province of Shandong have defaulted or come dangerously close in the last three months, sending chills down the spine of even seasoned investors.
A Bank of England committee for financial policy underlined global risks linked to Hong Kong's political tensions which led to about $5 billion in capital outflows from investment funds.
Capital flight of $6 billion – at most – left from Hong Kong to Singapore between May and October due to ongoing political unrest.
UBS continues to tussle with how to cater to the lucrative super-rich tier: the bank is planning changes for the $1 trillion business led by top banker Josef Stadler.
UBS' new co-head of wealth management Iqbal Khan’s plans for the ultra-high net worth business have cost the firm its biggest banker in Asia, as finews.asia can reveal. The move sparks fears of further instability.
Two units of Goldman Sachs, which face criminal charges for their alleged role in the 1MDB scandal, had their cases shifted to a higher court in Malaysia.
Oliver Weber will take the helm of the Crealogix Group, effective from 1 January 2020. He will continue the transformation process started by his predecessor.
Julius Baer is preparing major job cuts in a review of its strategy, finews.asia has learned. The wealth manager won’t spare its influential 1,500-strong private banker force.
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