The Malaysian national, who has been detained since November 1, is now in the custody of the U.S. Department of Justice.
United Overseas Bank on Monday launched Singapore's first online utility marketplace by a bank, as part of the Open Electricity Market initiative.
Robeco on Monday announced the rollout of its e-learning modules on sustainability investing to Standard Chartered Private Bank.
Singapore may permit virtual banks to operate in the city-state, following in the footsteps of Hong Kong, said DBS chief executive.
Self-directed trading is pervasive among Asia’s private investors and its long-lasting legacy is dimming the near-term prospects of discretionary portfolio management in the region.
Investing and generating a financial return while at the same time solving the world’s social and environmental problems sounds appealing to investors. Of key importance is the ability to measure the resulting effect.
Singapore and U.S. authorities are preparing to return money allegedly misappropriated from state investment fund 1MDB to Malaysia.
A tax dispute with France could have been settled years ago. Instead, UBS overseers are denied approval by shareholders after a $5 billion fine. How did the Swiss bank's board and management lose control?
Net income at Swiss Re declined slightly in the first quarter as several events led to major claims. Premiums increased in all business units.
UOB reported its first-quarter net profit increased 8 percent year-on-year to S$1.05 billion as strong loan growth of 12 percent offset a drop in its net interest margin.
Hong Kong’s journey as a financial center is being uniquely shaped by the influence of Greater China, regulations and the entrepreneurship of banks. Here are the top five wealth management trends in town.
Virtual banks in Hong Kong are getting all the attention within the industry, but the man on the street is not getting excited yet, Sean Huang, Synpulse's Head of Innovation, Greater China, says to finews.asia.
The sober words used to describe the vote of no confidence in UBS' leadership hides something far more dramatic: shareholders no longer trust the bosses of Switzerland's largest bank.
New technologies, innovative business models and disruptive brands are changing customers' relationship with the wealth management industry.
The long-standing head of Union Bancaire Privee's wealth management arm is leaving the Swiss private bank, finews.asia has learned. His exit is prompting UBP to alter its governance set-up.
Firm expands partnership with Sri Ayudhya Capital to enhance local market presence and accelerate growth in Thailand.
UBS fell far short of the shareholder support it needed for its board and management's actions last year. A long-running French criminal probe is to blame.
Central bank gold buying and growth in gold-backed ETFs have driven a 7-percent increase in global demand for the precious metal in the first quarter of 2019.
UBS Chairman Axel Weber and CEO Sergio Ermotti are showing a united front at the bank's shareholder meeting. The two managers talked succession, the French criminal trial, and their own paydays.
Firm appoints veteran for the role in Hong Kong as deregulation, digitalization and other factors create more opportunities for financial services players across the region.
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