Revolut, a fintech co-founded by an ex-Credit Suisse banker, has already earned itself a reputation as a threat to the established banking world. Next in line to be challenged head-on is the wealth management industry.
Far from biding its time until ex-CEO Boris Collardi resurfaces as Pictet’s newest partner, Bank Julius Baer has just upped the ante in Asia.
Malaysia's anti-graft body has joined the hunt for Low Taek Jho, one of the most prominent faces of the 1MDB scandal. Is the Malaysian financier about to cooperate with investigators?
Swiss bank UBS is reportedly axing jobs at its asset management unit, in favor of focusing on growth in China and passive and sustainable investing.
UBS made two appointments at Asia debt capital markets as it continues to improve efficiency at the local bank. The two bankers are experts taken from within the Swiss bank, as finews.asia can reveal.
China's demand for fine wine is driving up prices around the world. Their thirst for good wine is bringing them back full circle.
Avaloq, the Swiss banking software company, is reinforcing its presence in Australia, a country it sees as a key market.
Asset manager Blue Orchard is widening its presence in Asia, with a new office in Singapore. The Swiss firm is banking on a greater appetite from Asian investors for sustainable and impact investing.
Ant Financial, the largest fintech company in the world, is shifting its focus towards technology services and away from consumer finance amid increasing scrutiny from China's regulators.
UBS private banker Paul Raphael was pegged to leave after losing out in turf war earlier this year. The heavyweight of emerging markets has secured his next gig, finews.asia has learned.
Standard Chartered is preparing to create new Asian hubs in Hong Kong and Singapore in a bid to more efficiently manage assets and capital.
SWIFT announced that 10 Chinese banks went live on its real-time payments system. The company is striking back at fast-growing startups using blockchain, which has been eroding its grip on international payments.
Credit Suisse will pay almost $50 million in the U.S. to avoid being criminally prosecuted over its hiring practices in Asia as recently as five years ago.
Malaysia's central bank governor is out, yet another departure following the shock election defeat of the government last month. A replacement has already been lined up.
OCBC Bank is the first Singapore bank to roll out a digital instant account-opening service for all customers who are Singaporeans or permanent residents.
Citi Private Bank has lost a veteran banker and a key figure in their Asian management team, as finews.asia can reveal.
Asian wealth manager Bank of Singapore has achieved its asset target 24 months ahead of time. It will now focus on technology and hiring the right people.
The former CEO of Citigroup in Australia and Deutsche Bank's former head of Australia are among senior bank executives facing charges for alleged offenses against cartel laws.
Malaysia’s shock election result is poised to blow open a long dormant money-laundering probe at UBS. This is unwelcome news for the Swiss bank, as it muddles through another regulatory probe in Asia.
Swiss bank Credit Suisse is bolstering its wealth management arm with outside financial technology aimed squarely at Chinese clients.
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