The biggest money-laundering scandal in Singapore's history has forced banks to tighten scrutiny of their customers.
The co-founder of Three Arrows Capital was arrested at Changi Airport, Singapore.
Dubai is a dynamic financial center for banks and asset managers. Lombard Odier now wants to significantly strengthen its local presence.
The Swiss bank posted a profit in the first six months of 2023, due partially to the write-down of AT-1 bonds.
In the ever-evolving landscape of private banking, an intriguing trend emerges. The independent wealth manager appears more frequently as a hybrid model, blending the best of both worlds, Patrick Stauber writes in an article on finews.first. But is this truly...
Germany's largest bank has ambitious growth plans in the Middle East. A team of ten former Credit Suisse bankers is to help further develop the lucrative market.
More than half of professionals are considering leaving Hong Kong, according to a Robert Walters survey, with a desire for greater job security as the top driver.
Changes are afoot on VP Bank's board of directors. The current chairman isn't standing for re-election.
Digital central bank money is moving ever closer. Even so, the monetary authorities of Singapore, France, and Switzerland reiterate the project is «purely experimental.»
As long as Swiss financial institutions keep ending up in court, the much-vaunted Swiss banking no longer has a right to exist, writes finews.asia publisher Claude Baumann in a commentary.
Chinese regulators have announced plans to expand the cross-border wealth management scheme to deepen financial cooperation between the mainland, Hong Kong and Macau.
London-based HSBC’s head of public affairs is reportedly stepping down after making controversial remarks about the British government as well as Arabs.
Next week, the case that Mozambique has brought against Credit Suisse in the «Tuna Bonds» scandal goes to trial in London. UBS is pushing for a settlement.
Hangzhou-headquartered Ant Group has expanded its presence with the opening of a new office in Singapore.
Following the takeover of its former rival, UBS has to reconsider its plans to expand its presence in the Chinese securities business. It's looking for buyers.
Crypto giant Binance is selling its Russia business, citing compliance-related issues as the driver.
London-headquartered HSBC is reportedly set to acquire Citigroup’s China consumer banking unit, further expanding the British lender’s presence in the mainland.
For India’s financial sector, 2023 is panning out to be a watershed year with numerous industry giants seeking to increase exposure across private banking, investment banking and asset management.
China Evergrande has suspended trading on its shares as well as the shares of its other units listed in Hong Kong. This is occurring in the midst of continued debt troubles and reported police surveillance of its chairman.
The Artificial Intelligence event organized by Union Bancarie Privée and finewsticino.ch in Lugano this week gave digital pioneer Inma Martinez, co-chair of Global Partnership on Artificial Intelligence, the opportunity to explain the current role of AI and its...
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