The Swiss federal prosecutor has launched criminal proceedings against the former head of Falcon private bank. The accused denies any wrongdoing.
Aberdeen Standard Investments appoints a new head of Thailand and new head of Australian Equities.
As Bitcoin traded above $11,000 for the first time in 15 months, some experts are telling investors to be cautious.
Singapore-based HP Wealth Management hired Augustine Tan, as finews.asia can reveal. He will work closely with Thomas Koechli to build out the firm’s family office services.
Credit Suisse does not expect a recession this year and only sees a modest chance of global recession next year.
Gaming hardware company Razer is expanding its payments network through a tie-up with Visa, which will allow Razer’s e-wallet users to pay at 54 million Visa merchants globally.
Private capital platform CapBridge signed a deal with United Overseas Bank to offer a range of private capital solutions to fast-growing and privately-held companies in Singapore and in the region.
As the debate in China rages over a UBS banker's perceived racial slur, the bank is reportedly enlisting client advisers in Asia in a bid to calm the furor.
President Xi Jinping has likened China’s challenge of overcoming hostility abroad to a «new Long March». His analogy may also be read as a warning to Donald Trump that trade wars are not easy to win, Peter van der Welle writes in his essay on finews.first.
The U.S.-based investment management firm is now able to start offering onshore investment advisory services in China.
The Chinese government's takeover of Baoshang Bank has disrupted the willingness of larger banks to lend to smaller ones, leaving some strained for liquidity.
Swift has published an industry roadmap hoping to galvanize the global payments community to collaborate and help drive progress in cross-border payments so it better serves market needs.
UOB Kay Hian, the largest securities brokerage in Singapore, is looking to hire DBS Vickers' remisiers and trading representatives who are affected by its recent revamp.
The era of the grey Zurich gnomes seems to be coming to an end. On Paradeplatz, executives tend to be younger and more astute at managing people – more than just at dealing with money.
Traditional retail and commercial banks spent $1 trillion on digital transformation between 2015 and 2018, yet this has not delivered the anticipated revenue growth.
As banks in Hong Kong brace for fierce competition from virtual banks, HSBC on Wednesday said it is scrapping minimum balance fees and associated charges.
Credit Suisse has high hopes for its business in China, but the plans may be hampered by a court case, according to reports in the media.
Another Hong Kong buyer has walked away from a contract to buy a multi-million dollar luxury home. Meanwhile, 6 out of 11 super penthouses around the world now on the market are in Singapore. Could these signal waning appetite for high-end homes?
Immediately following the meeting of the U.S. Federal Bank yesterday, the U.S. dollar sank, while stocks and gold drove higher.
One of China's best fund managers is looking to be the first among peers to set up shop in the U.S. despite ongoing trade tensions.
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