It is a myth that if we sacrifice sleep, we will get ahead in life. In reality, sleep doesn’t get in the way of personal progress but enables it.
Wirecard, a global financial technology company, has signed a Memorandum of Understanding with UnionPay, the world’s largest card scheme, to form a global strategic partnership.
RBC Wealth Management appoints a new head of wealth management for Asia, succeeding former head Peter Corry who is expected to retires after 22 years with the Canadian lender.
Financial institutions have been waiting to solve security and compliance issues before moving mission-critical applications to the cloud. Research indicates that they are increasingly adopting a «cloud-first» strategy to keep pace with the evolving digital...
Franklin Templeton appoints a new country head of Singapore following the pending departure of former Southeast Asia head Adam Quaife who will relocate to Australia in December.
SoftBank has reportedly agreed to double its stake in Brazilian online lender Banco Inter in the midst of the Japanese giant’s ongoing buying spree in Latin America.
A regulatory review from Dubai found that Standard Chartered’s private banking arm was overseeing accounts that significantly lacked «know-your-client» data ranging from wealth sources to even current addresses and phone numbers.
HSBC continues to bolster its Southeast Asia business with the latest hire of a former Deutsche Bank vice chairman for the region to become its own Southeast Asia vice chairman of global banking.
A fundamentally different reality for Hong Kong’s financial market now compared to the late 1990s would mean «much more bullets» are required to effectively attack the peg, according to the Hong Kong Monetary Authority.
HSBC chairman Mark Tucker voice out for the first time about the ongoing unrest in Hong Kong in an interview with Chinese state media, condemning protestor violence and backing the «one country, two systems» framework.
Hong Kong billionaire and property tycoon Ronnie Chan called out locally directed «unwise policies» as the cause of ongoing unrest, adding a stark note that Beijing could take a more hardline stance which he predicts could result in an economic boost.
Temasek-owned venture capital arm, Vertex Venture Holdings, raised $290 million in its newest fund targeting growth stage tech firms.
Malaysian conglomerate Hong Leong and U.S. private equity firm TPG Capital have agreed to buy $1.2 billion worth of hospitals in Southeast Asia.
Japan Post Bank admitted to having improperly sold investment trust products to elderly clients in around 19,500 cases just two months after its fellow insurance subsidiary admitted to a similar charge.
Never in the history of financial services, have bankers been under as much scrutiny as they are now – from regulators, from employers, from clients and of course from hawk-eyed media persons – all of whom collectively claim to represent the public conscience.
The Hong Kong Stock Exchange showed no sign of discouragement to take over the London Stock Exchange despite the British bourse’s strongly worded rejection of the initial proposal, calling the deal «a significant backward step».
UBS’s wealth management arm further bolsters its onshore presence in the Saudi Arabian market with the latest appointment of a new Riyadh-based desk head.
China has called on its largest state-owned enterprises to take on more controlling stakes in Hong Kong’s companies, according to anonymous sources, adding that the city’s business elites were «just not one of us».
A recently published report stressed that European financial institutions need to rethink their strategies or risk further widening the gap with competitors in the U.S. and China, especially as London’s global clout shrinks from an expected Brexit.
Banks and wealth managers tend to appoint women to spearhead their sustainability programs. finews.com wanted to find out whether this was pure coincidence or sign of a trend.
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