As asset management becomes an increasingly globalised business, the Monetary Authority of Singapore has reviewed and enhanced its supervisory toolkit to cope with the growing complexities.
The stocks of UBS and Credit Suisse aren't budging. The reasons couldn't be more different, finews.asia finds after parsing quarterly results from the both giants.
Hong Kong's banks have to step up on their cybersecurity efforts amid a surge in online attacks, says the Hong Kong Association of Banks.
A veteran of Credit Suisse's Asian wealth arm is returning to Europe to take a top job at the Swiss bank's domestic private banking arm, finews.asia has learned.
Scottish asset manager Aberdeen Standard Investments has expanded further its Asia Pacific real estate capability.
Singapore Life bought a mobile app that lets parents track and control the pocket money used by their children.
Despite heightened economic uncertainty and financial market volatility in the second half of 2018, DBS bank maintained its business momentum over the course of the year.
Slavery continues to exist in the 21st century – a fact that also affects the financial sector. However, profits generated through modern slavery are very difficult to detect, Ursula Finsterwald writes on finews.first.
«We fear banks’ performance could be vulnerable to fund outflows, as the sector has been the key recipient of inflows from institutional funds over the past few years,» Daiwa said in a note.
Ripple, Mastercard and Barclays are among the investors in a «next-generation remittance service» targeted at overseas Filipino workers.
Malaysia's Sessions Court ruled on Friday that he will be allowed to return to the U.S to face criminal charges against him.
MOU signed with five Singapore polytechnics and the Institute of Technical Education to collaborate on fintech education aims to nurture talent through an industry-based applied learning programme.
Swiss Re and Zurich Insurance Group have received an offer to increase their business on the Indian subcontinent. The stake in SBI General Insurance has been proffered not only to the Swiss companies.
After its scuppered deal to buy MoneyGram, the Chinese consumer finance giant's global expansion plans are back on track with an agreement to purchase the British payments group.
Jamie Dimon, the head of J.P. Morgan, is known for his outspoken, unfavorable views about Bitcoin. But this won't stop him from launching his own digital coin.
Two Credit Suisse top executives stand out in CEO Tidjane Thiam’s successful restructuring of the Swiss bank.
The firm's top executive Christian Sewing is under pressure to make more cuts to its faltering Investment division, particularly in the United States.
The Swiss attorney general is investigating the whistleblower who was one of the key witnesses helping authorities to unravel the corrupt networks surrounding Malaysian state fund 1MDB.
Bank of Singapore has tied up with India-based Edelweiss Group to allow clients of both entities to access their respective platforms.
Credit Suisse has reported its strongest fourth quarter since 2013 with a 90 percent increase in income on a year-on-year basis. However, its success has not quite translated in Asia.
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