The Swiss central bank governors won't yield to mounting criticism about negative interest rates. On the contrary, with downside risks mounting, the bank won’t be rushed into tightening monetary policy.
Luxury yacht Equanimity, allegedly purchased with funds embezzled from investment company 1Malaysia Development Bhd, or 1MDB, is on sale for $130 million after failing to move in a month-long auction.
A two-year profit warning by bruised asset manager GAM has shocked investors, who sent its shares spiraling downward. Shareholders are asking themselves whether the company is a case of horrible ending, or endless horror.
A pre-tax loss at Credit Suisse's main trading arm was a blot in Credit Suisse's third-quarter report. The bank quietly flagged an even worse surprise for the current quarter's trading.
Consultants, private bankers and lawyers are seeing more business from PRC clients as they seek to shelter assets and income in overseas trusts ahead of new tax laws, which will be introduced in January.
Executives and board members of Credit Suisse have increased their personal stakes in the bank following yesterday's strategy revision.
Singapore private banks are expanding in the Middle East as competition for a slice of the region’s growing wealth intensifies.
Battered asset manager GAM warned of a full-year loss following a scandal at a showcase bond fund. The company is scotching its dividend as well as cutting 10 percent of jobs.
Singapore robo-advisor StashAway has announced the appointment of its first Malaysia-based advisory committee member.
CEO Tidjane Thiam sees most of his turnaround targets at Credit Suisse as fulfilled. Gauging the exact progress of the bank since 2015 requires closer examination, finews.asia argues.
Vontobel is merging two asset management divisions under a new head. The move comes at the expense of the firm's chief strategist.
A seasoned banker based in Hong Kong has resigned from his role at boutique private bank LGT to join British-lender Barclays Wealth, finews.asia can reveal.
UBS Asset Management has underscored the seriousness of its ambitions for China with its latest appointment.
Credit Suisse's strategy – which was reminiscent of UBS – received a cool reception from investors. Switzerland's two largest banks are becoming increasingly indistinguishable.
Pictet has launched a bid to make the world a safer place. The financial market plays a crucial role in the private bank’s attempt to isolate the makers of controversial weapons.
A few weeks into his tenure as head of asset manager GAM, David Jacob is wielding the axe. The cuts will affect some of his best-paid professionals.
Credit Suisse said it will buy back $1.51 billion of its shares and and flagged a full-year profit. The bank warned that its trading business in Asia has taken a downturn.
Asset Manager Franklin Templeton made two appointments that will better position the firm to deliver new equity strategies in China and Asia.
The trend to paid advisory services and unrestricted mandates means walking the tightrope for private banks. A study shows how far they’ve come in adapting their business.
As Tidjane Thiam ticks off a three-year revamp of Credit Suisse, finews.asia examines the wear and tear on the CEO, who hasn't been very visible at the Swiss bank's headquarters.
Page 657 of 1007
