Credit Suisse is disbanding an asset management boutique that was meant to buy sizable stakes in hedge funds. The bankers reportedly couldn't raise the funding to do so.
Over 1,000 attendees, comprising investors and start-ups, turned up at the Singapore Fintech Festival’s Investor Summit, and up to $2 billion of capital was made available for the start-ups. What next?
Credit Suisse, which has one of the largest investments banks based in London, is considering new options for the business following the U.K.'s exit from the European Union, according to a media report.
The former head of UBS's financial technology innovation lab has launched his own fintech firm.
Prudential Singapore announced a five-year agreement with the Monetary Authority of Singapore to be a main sponsor of the Singapore Fintech Festival through 2022.
If you either do not know what blockchain is, or you think it is not relevant, be aware of this technology, IMD professor Arturo Bris writes in his exclusive essay for finews.first.
Neuberger Berman joined a growing list of overseas asset managers to tap into the expanding reservoir of Chinese wealth.
Brazil’s Safra banking group aims to build a new portfolio in Israel, working primarily with rich clients in the Mediterranean country. The Swiss unit has done some impressive groundwork.
More than other Swiss private banks of its size, EFG International is facing its «what’s-next» moment, following a year of scandal and surprises. finews.asia pinpoints the urgency for the Zurich-based firm.
NAB said it has fired 20 bankers in Australia over home equity loans. The move is part of a two-year push to clean up with dodgy lending practices.
The central bank of the Philippines and the banking regulator of Singapore signed an agreement to work closely on the development of fintech in their respective markets.
EFG International returned to net new money growth in the third quarter. At the same time, the Swiss bank's advisor ranks thinned following its acquisition of Banca della Svizzera Italiana, or BSI.
The Bank of China became the first Chinese bank to launch dedicated private banking services in London.
A Swiss fintech announced the expansion of its business activities in the Asia Pacific region. The firm has a strong presence in the private banking and wealth management segment.
Commonwealth Bank's chair apologised to the bank's shareholders in failing to comply with anti-money laundering laws. The outgoing CEO was also mournful in his final speech.
At the Credit Suisse Global Philanthropists Forum 2017 in Singapore a report focused on challenges of the aging was released – turning a potential silver tsunami into productive longevity.
Every person leaves a social and ecological footprint. For their part, business owners and executives have a responsibility, H.S.H Prince Max von Liechtenstein writes.
Switzerland’s finance watchdog wants to deter bankers from behaving badly by naming and shaming publicly. The approach also highlights the regulator’s own shortcomings. Can it learn from its Asian peers.
The OECD in the latest country report on Switzerland praised the strength and resilience of its economy. One of the reform measures it proposes is not new, but a contentious issue in Swiss banking.
Credit Suisse is snapping up a specialist in algorithmic trading from Instinet. It is the Swiss bank's second high-ranking hire from the New York-based rival broker in three months.
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