Trading income was what concerned investors most for some time. But with mounting political uncertainties and an adverse economic outlook, the advisory business seems set to get looked at more closely.
The proposed merger, which HKEX said would allow the London Stock Exchange (LSE) to monetize market data in China and help London connect to China’s fast-growing domestic capital market, has been dropped.
The appointment of the executive with two decades of experience in real estate business development will help strengthen Knight Frank’s service offerings to local and overseas clients.
Najib's brother, as well as companies, political parties and organizations linked to Najib’s coalition have been ordered to repay the misappropriated funds or risk prosecution.
Hong Kong has no plans to introduce foreign exchange controls and has a stable financial environment, the financial secretary said.
Singapore Poultry Hub hopes to improve its productivity by 26 percent and its capacity by 70 percent with the new smart and green factory.
Following a 12-year stint at Temasek, most recently as the director of its India team, he will join the India and Southeast Asia-focused private equity firm.
Proceeds from the offering will be used to further its growth strategy, which includes expanding its services to include mortgage financing and developing data offerings.
Up to 10,000 jobs across HSBC are under threat as interim chief executive officer Noel Quinn plans to cuts costs.
Credit Suisse's spy scandal isn't the first time Swiss bankers have hit the headlines for behaving badly. finews.asia looks back at the ten biggest fiascos in the Swiss industry's recent history.
Swiss high-end ski resorts, art auction houses, and luxury shopping may still be a playground for the super-rich. But the number of them making a home in Switzerland is down.
A private banker from HSBC has decamped for a rival as the competition in Singapore for the non-resident-Indian segment in wealth management heats up.
The private bank has hired a seasoned executive to lead its push into the NRI market, as it continues to grow its Asian business.
The tendency to hold fixed income assets with strong quality and sound duration till maturity continues to be the norm in Asia, evidenced by Aberdeen Standard Investment’s recent fundraising of $167 million in its fixed maturity bond fund.
Technology has made financial services more accessible to users in the region, and it is projected to expand further to reach 100 million Southeast Asians with limited access to financial services today, according to a report published by Google and partners.
Swiss bank Reyl, also present in Singapore, is building up an asset management firm devoted to impact investment. The head of the niche firm is poaching from rivals including her former shop, Syz.
Hong Kong Exchanges and Clearing needs to up their current $39 billion bid for the London Stock Exchange by up to 20 percent in order to further talks in the deal.
The Reserve Bank of India has fined United Overseas Bank for failure to comply with a regulation regarding management oversight.
The portfolio includes 4,600 residential units with 160,000 sqm net rentable area, 55 percent of which is located within Tokyo 23 wards and 90 percent within 10 minutes of a subway station.
Following the exit of Srinivas Siripurapu from Standard Chartered, the private bank has swiftly hired a replacement.
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