Julius Baer said it hired nine private bankers from rival Barclays on its home turf. The Swiss bank is bulking up in Britain and Ireland, including by opening new offices in Manchester, Leeds and Scotland.
New technologies allow faster scale on thinner margins this spells trouble for banks that are unable to make the digital switch fast enough, said Venky Srinivasan, a vice president at Oracle Financial Services, in an interview with finews.asia.
A court in Hong Kong has fined U.K. bank HSBC HK$400 million for selling structured products linked to now-defunct investment bank Lehman Brothers in the run-up to the financial crisis.
Credit Suisse may be gaining another secretive Middle East investor, according to a new report. The move comes as Qatar is adjusting its own billion-dollar stake in the Swiss bank.
Heidrick & Struggles announced a new partner in the financial services practice based in Hong Kong.
Until recently traditional banks were betting on innovative financial technology firms to change the industry.
Prudential selected three fintech startups for its inaugural cycle of the PRU Fintegrate Partnership program.
ANZ bank sold an online trading platform to a New Zealand-based investment firm. The transaction is the latest in a string of divestments as the bank continues to simplify its business.
DBS bank in Hong Kong selected eight startups based on their ability to address specific areas of focus within the bank.
Swiss private bank Union Bancaire Privee continues to build its Asian business. It added two investment advisers in Hong Kong and Singapore.
Switzerland’s largest financial-services companies will link up with important state enterprises. Together they aim to meet the digital future head-on.
UBS, along with a further seven banking giants is in talks with the European Union to settle the investigation into the alleged participation in a forex cartel, according to a media report. The companies face paying penalties reaching billions of euros.
In an interim management statement for the first ten months of 2017 the Swiss pure play bank said its assets under management reached a new record.
By the middle of 2018 both local and international banks in Singapore will offer the option of paying using NETS QR code.
Wealth manager and brokerage firm Charles Schwab who recently established a foothold in Singapore, has re-opened in Australia.
After receiving its private fund management license earlier this year, UBS became the first foreign asset manager to launch an onshore equity fund for local investors in China.
Bank Vontobel remains true to its role as an innovative product provider for Bitcoin investors. It has filled an essential gap in the Bitcoin world.
A state-back enterprise in China has inked a partnership with a Frankfurt-based robo-advisor.
An ex-Credit Suisse banker's luxury fintech is hiring a prominent former Uber executive to run its operations. The move comes ahead of a planned coin offering to raise as much as 30 million Swiss francs to fund development.
Days after settling a long-running French investigation over offshore accounts, HSBC Private Bank is again being dragged into high profile legal proceedings.
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