GAM is suspending more than $7 billion worth of bond funds after massive withdrawals. The move follows the unexpected sacking of their high-profile portfolio manager earlier this week.
Singapore’s DBS Bank delivered disappointing results due to a weak second-quarter trading performance. However, half-year results reached a new record.
Janus Henderson’s co-chief executive officer Andrew Formica has resigned from his CEO role. This sees the other co-chief t0 become the sole CEO.
Credit Suisse denied that ties to major shareholder Qatar are jeopardizing its chances of clinching a banking license in Saudi Arabia. Tidjane Thiam personally appeared in Riyadh to drop the paperwork.
HSBC Private Bank says it has appointed a veteran banker as co-market head in Hong Kong.
Credit Suisse expects to take good advantage of the set-up it has put in place as one of the region’s most dynamic private banks, despite the choppy waters engulfing equity markets.
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Credit Suisse boss Tidjane Thiam irked his finance chief David Mathers by taking away his Blackberry. What the pseudo-spat between the two top bankers says about the bank's technology spending bill.
Credit Suisse in Asia has more than 200 billion Swiss francs in assets under management, the first time the Swiss bank broke through that barrier. Still, times have looked rosier.
GAM's share price nosedived after the Swiss asset manager unexpectedly suspended the star manager of a flagship bond business over risk management and record-keeping.
Credit Suisse’s quarterly net-profit more than doubled on a rise at its investment banking and capital markets arm as well as a solid results in Asia.
OCBC Bank is according to its own judgment the first bank in Singapore to equip its more than 330 wealth advisors with skills generally instilled only in private bankers.
While historically, global income funds had limited exposure to Asia, in recent years the situation has changed, Kames Capital's Robin Black says. There are two financials among his five top picks.
United Overseas Bank has launched a digital financing solution for car buyers in Singapore. Here are the advantages of the service.
Microfinance has become a firmly established practice in emerging countries. But if companies develop, it often becomes difficult for them to find the follow-up financing.
London-based fintech hub Lattice 80 has launched a Crypto Asia Index to help institutions and Asian retail investors better understand the market.
EFG International revealed several new hires in Asia, including rehiring a prominent banker to run its Singapore business to replace its long-standing head in the city-state.
The business of Swiss offshore banking for rich Americans is in turmoil. UBS' Juergen Wegner tells finews.asia why many private bankers are knocking on the bank's door.
A survey of more than 900 Chief Financial Officers and senior financial executives revealed that strong faith in the cloud prevails in this group. However, safety came up as a primary concern.
Use of mobile banking has overtaken physical branch interactions the past 12 months in Singapore. However, there are a number of roadblocks to overcome before the Lion City can truly be considered a digital economy.
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