Mitsubishi UFJ Group will shave around 60 jobs in Hong Kong, Singapore and Sydney, according to an internal memo, amid headwinds in global sales and trading.
The authorities in both countries signed a Memorandum of Understanding (MOU) to strengthen cooperation in insurance supervision.
The People’s Bank of China successfully issued six-month yuan-denominated bills to totaling 10 billion yuan to various Hong Kong investors.
Hong Kong’s financial services sector could see a boost from new revenue and balance sheet strength with the soft launch of digital banking services as soon as the fourth quarter, the deputy chief executive of its central bank shared.
Credit Suisse's investors are demanding answers in a surveillance scandal. As embarrassing personal details emerge, the Swiss bank is sitting on a time bomb.
UBS is naming a banker who recently returned from a stint in Asia to spearhead its business with multinational corporate clients and strategic transactions.
Qatar National Bank has obtained the regulatory approvals from the Hong Kong Monetary Authority to open a branch in Hong Kong, the group said in a statement on Thursday.
A greater percentage of respondents expressed willingness to park money with Singtel compared to Grab, a survey conducted by CGS-CIMB finds.
Goldman Sachs is seeking an amicable solution to the 1Malaysia Development Berhad (1MDB) scandal the firm has been involved in, its president and chief operating officer said.
Funderbeam, a venture-funded trading and exchange platform, has received two financial services licenses from the Monetary Authority of Singapore (MAS).
Malaysia's central bank governor said that it would require financial institutions to report their exposure to climate risk, adding that information gathered could be used to set regulatory standards.
The new team caters to the increasing demand from local investors for new solutions and diversification needs.
The Chinese trader fired by Mitsubishi Corp for allegedly losing $320 million in oil trading denies allegations that his bets were hidden, saying he was acting on his managers’ orders and there were no unauthorized transactions.
Billionaire appliance investor and U.K. second-richest, James Dyson, is hiring Singapore-based roles for his family office.
Iqbal Khan is ensnared in a surveillance skirmish shortly before formally leaving Credit Suisse for rival UBS. What does UBS chairman Axel Weber think about the scandal?
Global companies continue to scramble to adjust their nomenclature in all content regarding the sensitive issue of Chinese sovereignty. finews.asia explores the sector’s contemporary discourse on the matter of drop-down menus.
HSBC Holdings said it is sticking with hiring plans for its wealth business in Asia following the surprise exit of two senior executives who pushed for the strategy.
The Global CIO Office hopes to extend the success of the Outsourced Chief Investment Officer model to Asia and beyond.
Despite fugitive financier Jho Low being on the run from authorities on charges for misappropriating at least $4.5 billion in 1MDB funds, Malaysian police claim to know his location and are «confident» to be able to retrieve him.
Goldman Sachs Group aims to offload a portion of its stake in a $3.1 billion credit line to SoftBank Group Corp's Vision Fund which it helped arrange.
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