UBS was so eager to keep its former top investment banker from defecting to Santander that it reportedly offered to anoint him as crown prince.
A former employee of Goldman Sachs Group was sentenced to three months in prison for using a secret account to reap thousands of dollars in illegal profits.
Singapore bank branches experienced overwhelming demand for the country's $20 commemorative notes. Punters are seen reselling sets at sky-high prices.
The transaction could bolster Hong Kong's status as a destination for Chinese tech listings and add to Alibaba’s cash pile.
UOB Venture Management on Monday launched another Asia-focused impact fund and looks to collaborate with Credit Suisse again.
Singapore-based 4xLabs launched a platform that helps users find the fastest and cheapest way to send their money abroad.
Following its difficulties at the beginning of the year, analysts criticized the performance of UBS’ investment bank. Sergio Ermotti says the crew is doing a «fantastic» job.
In today’s populist era, central bank policy in liberal democracies needs to incorporate consideration of inequality-driven anger, writes Salman Ahmed in his essay for finews.first.
China's banking regulator said that risks at small and mid-sized banks are manageable, after the government took over the troubled regional lender late last month.
While U.K. insurer Aviva mentioned plans to cut 1,800 jobs over the next three years, it is not likely to scale back in Asia where it is seeing growth.
The French luxury brand is benefiting thanks in part to a Chinese e-commerce push, and its stronger focus on online retail is emblematic of the changing face of luxury retail in China.
Swiss Re plans to go ahead with the listing of its Reassure subsidiary and will publish the registration document later today.
The latest funding round for the company that sells open banking software brings its total money raised to $47 million.
The economist, who «retired» in April, is said to have joined technology company Grab in a data analytics role.
The agreement positions FOMO Pay as a leader in integrating new payment solutions for major financial institutions and merchants by giving them the ability to accept Discover Global Network cards.
Swiss private bank Union Bancaire Privee pips rivals to secure sponsorship of «NRI event of the year.»
Switzerland's largest bank is about to enter into a joint venture with Sumitomo Mitsui Trust Bank. The new firm will provide UBS wealth management services in Japan.
Singapore joins other major cities that have enabled open-loop Visa payment cards for public transport, including London, Sydney and New York.
Successful firms recognize that culture is central to the attraction and retention of talent, the motivational forces that inspire strong performance and, ultimately, the creation of value.
While digital transformation is underway among financial institutions in Asia, they face several roadblocks, with changing regulations, digital KYC/AML and legacy infrastructure among major barriers to successful implementation.
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