Zurich-based Credit Suisse has reached a settlement with the New York State Department of Financial Services relating to foreign exchange rates.
Axa, the French insurance company, promoted the chief executive of its Swiss unit to the management board of the group. The insurance executive will take charge of the European business.
VP Bank appointed a new chief operating officer to oversee the digitization of the company. The manager joins the Vaduz-based bank from Julius Baer.
Yverdon, a small city in French-speaking Switzerland, is quickly turning into something akin a twin of Zug. Much like the so-called Crypto Valley, the small city on the shores of Lake Neuchâtel has a cluster of firms crucial to the development of the country’s...
A collaboration among 6 fintech non-profit industry organisations from across the region, celebrated their launch at the Singapore Fintech Festival.
A 40-year-old Swiss derivatives wunderkind's career is a shambles after promising too much, including in Asia. Jan Schoch's disregard for the rules of entrepreneurship hold lessons for other budding fintechs.
Westpac group chief executive Brian Hartzer announced the appointment of a new chief risk officer for the group.
Oversea-Chinese Banking Corporation has completed the acquisition of National Australia Bank’s Private Wealth business in Singapore.
Major industry shaping announcements are expected during Asia's premier financial technology event. This years Singapore Fintech Festival will also see royalty and leading political figures in attendance.
Bahrain-based Bank ABC has upgraded its office in the Lion City to a full-fledged branch. This reflects the commitment to customers in Singapore and Asia, the bank said.
Deutsche Bank announced the main underwriters for the flotation of its asset management unit. One major bank was given a lesser role.
Due to negative press as well as a number of regulatory initiatives, offshore funds and jurisdictions continue to face growing pressures in Asia and around the world.
National Australia Bank announced plans to hire as many as 600 technology specialists as part of a restructure.
Former UBS chairman Peter Kurer embarked on European travels full of optimism, but he returned in a more pensive mood. He parses Europe's troubles and what they mean for Switzerland in his exclusive essay for finews.first.
A fight over Tezos' $232 million coin offering has erupted between the cryptocurrency firm's U.S. partners and a Swiss foundation. finews.asia asked digital currency lawyer Drew Hinkes to parse the details.
China will ease restrictions on foreign ownership stakes in the financial sector a senior Chinese official has said.
Australian banks ANZ and NAB will pay a collective 100 million dollar penalty for their involvement in the rigging of overnight bank bill swap rates.
This year has seen a flurry of global asset managers winning regulatory approval to establish wholly-foreign owned enterprises in China, one more has joined the China club.
ANZ Bank has stepped-up its departure from retail banking in Asia, announcing it will close its presence in the Philippines next year.
Asia experienced a solid increase in fintech investment in the third quarter of 2107, but the U.S. still leads the pack.
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