EFG International has been ordered to pay back a $200 million loan in Taiwan from an ill-fated insurance deal. The Swiss bank is contesting the verdict vehemently, but investors expect the worst.
UBS' private banking arm was roiled last month by the exit of long-standing boss Juerg Zeltner. Now, the Swiss bank is making another major change at its flagship 2.6 trillion wealth management unit.
A co-head structure for UBS' heavyweight private bank rings in a new round in the battle to succeed Sergio Ermotti as CEO of UBS. The two most promising candidates may end up in a stalemate.
Women have made their mark at DBS, Singapore's largest banking group. A fact recognized by a new index gender equality in the industry.
Almost one in two respondents is not happy at work in Singapore, according to a recent survey. Why is that so?
The Royal Commission into misconduct in the banking and financial services industry in Australia will hold its initial public hearing next month.
UBS' new financial targets aren't likely to enthuse investors. The Swiss bank's room to maneuver has become very limited. finews.asia looks at how UBS has lowered its sights.
The banking regulator of Hong Kong banned a former employee of DBS from working in the industry for six months. The banker breached the codes of conduct of both his employer and the regulator.
Lombard Odier has climbed aboard the philanthropic train. The Geneva-based private bank will collaborate with an organization financed by tech billionaire turned philanthroprist Bill Gates.
UBS last issued financial targets in 2012 as part of a wide-ranging restructuring and pullback from investment banking. More than five years on, the Swiss bank is walking most of them back and abandoning others.
UBS will merge its private banks, making for changes in its leadership. What is the Swiss bank hoping to achieve for its flagship business?
UBS said it will buy back up to 2 billion Swiss francs worth of its own shares, as it unveiled targets for the next two years. The move comes alongside a quarterly loss due to massive write-down following tax reforms in the U.S.
Credit Suisse moved quickly to plug the gap in its Chinese investment banking unit, after a key banker departed.
In line with its deep restructure program Swiss bank Credit Suisse plans a limited bonus pool increase.
Mayer Brown JSM nabbed two partners from a rival firm in a bid to expand its banking and finance practice in Asia.
National Australia Bank is looking at radical options for its wealth-management units, according to media reports. The Aussie bank is well into a process to create a structure worth some A$6 billion in market value.
Credit Suisse wants to expand its footprint in China, one of the most promising regions for investment banking and wealth management. But the Swiss bank has lost a key banker for the push.
Despite the trend toward a digital banking world, compliance will need to find ways of putting the human factor back in focus, says compliance expert Ralph Ebert in an essay for finews.first.
The two main Australian financial regulators will be able to use evidence exposed by the upcoming royal commission to ban individuals from the industry.
China's central bank told the country's banks cryptocurrency trading is prohibited. The order shows how concerned the authorities are about the spread of speculation in the new asset class.
Page 733 of 1007
