Recently, there has been a mounting number of money laundering arrests all over the world involving Chinese nationals and syndicates. A web of links is believed to extend throughout Asia and beyond.
Growing losses onshore coupled with a market environment that has «changed dramatically» has led Nomura to rethink its China business, according to senior executive Kenji Teshima.
EFG board member Boris Collardi and Swiss men's national team coach Murat Yakin share a passion for soccer. They're investing in a soccer app that's approaching one million users in Brazil.
London-based Knight Frank has announced the appointment of a head of living sectors for Asia Pacific.
According to media reports, UBS extended a credit line worth billions of dollars to a member of the ruling family of the Emirate of Qatar, throwing a spotlight on the market region.
In recent months, Frankfurt-headquartered Deutsche Bank hired a handful of former Credit Suisse relationship managers in Singapore, including a managing director for Southeast Asia.
UOB posted record credit card fees in the third quarter, fuelled in part by demand for tickets to Taylor Swift’s concerts in Singapore. The bank expects similar demand via upcoming performances by another superstar.
Yet another suspected money laundering ring has been discovered, this time by federal police in Australia.
London-headquartered Standard Chartered saw its profits fall in the third quarter due to impairments linked to the Chinese market.
Japan’s Nomura has reportedly offloaded a handful of investment bankers in Hong Kong, including those focused on China-related deals.
London-based Barclays has announced the appointment of a head of sustainable and impact banking for the Asia Pacific region.
Fee and interest income at UOB rose in the third quarter, according to the bank’s financial results, though profits stayed flat due to costs linked to the Citi acquisition.
London-headquartered M&G has announced the appointment of an Asia Pacific head and Singapore CEO.
Having left Credit Suisse after over a year, Francesca McDonagh joins a Frankfurt-based fund group as CEO.
For the first time ever, bondholders officially declared that Country Garden had defaulted after failure to pay interest on a dollar-denominated note.
As part of its efforts to «trawl for and retain talents», Hong Kong chief executive John Lee announced the government’s plans to implement investment-based immigration into the city.
China’s financial markets could come back stronger and better in the future but investors have lost interest, at least in the short-term, according to Julius Baer’s Asia CIO Bhaskar Laxminarayan in a conversation with finews.asia.
Fallen crypto exchange FTX is eyeing a revival before the end of 2023. It is currently in talks with multiple bidders to reboot its trading business.
Exchanges are removing tokens and trading pairs at a record pace this year, according to crypto market data provider Kaiko, in the midst of weaker appetite and regulatory pressures.
The growth outlook for revenue generated by financial technology companies is optimistic, according to a McKinsey report, but various regions will fare differently, with the share in Asia expected to shrink.
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