Earning a decent return for their clients is what private banking is all about. But that’s exactly what private banks in Switzerland seem to struggle with – which could be a harbinger for their Asian colleagues.
Allianz said on Thursday its earnings climbed and profitability surged in Asia in the first six months. What was behind the improvement?
Singapore sanctioned a former OCBC trader for rogue trading and misappropriating client funds.
A fledgling wealth manager in Singapore has bulked up on private bankers, including a notable hire from the Bank of Singapore.
Barclays is bulking up in Hong Kong, with the aim of bolstering its Chinese investment banking business.
Credit Suisse is trawling Silicon Valley for innovative fintech input. Now, the Swiss bank has set up its own data laboratory, run by a former Yahoo'er.
Aberdeen and Standard Life merged this week. Aberdeen co-founder and CEO Martin Gilbert describes exclusively on finews.asia the new world of asset management.
Credit Suisse's largest shareholder, Qatar, has lowered its stake. The oil-rich emirate's purchasing rights in the Swiss bank have also fallen following a cap hike.
Chinese investors have spent nearly 2 billion euros splashing out on European football clubs. Who is the latest tycoon to buy a Premier League club?
An Alibaba-backed private bank has set up in Hong Kong. An ex-UBS private banker is at the helm.
Is Hong Kong being drawn into an ugly money-laundering probe at one of Australia's big-four banks?
Citigroup has poached a well-known veteran HSBC investment banker in Hong Kong for a Asia Pacific-wide role.
UBS and Credit Suisse have already been fined millions to settle claims about the manipulation of Libor in the U.S. Now they face further demands from U.S. investors.
The surge of bitcoin is the hot topic of discussion among bankers this summer. The cryptocurrency promises salvation and quick returns in equal measure – a contradiction in terms. finews.asia tallies further inconsistencies.
A Credit Suisse mining and metals banker has re-joined two former colleagues at a mergers-and-acquisitions boutique.
HSBC has reportedly raided U.S. rival Goldman Sachs in Hong Kong. The British bank is boosting its equities arm in Asia, counter to a lull in trading volumes.
Patrick Frost, the CEO of Swiss Life, has returned to his job after undergoing cancer treatment. The therapy proved successful, Frost said in a newspaper interview.
The French insurer has named a new head in Singapore, after the head of its business in the city-state was promoted when a longstanding Asia executive departed.
BNY Mellon has hired a longtime Mercer investment manager to foster relationships with global consulting firms in Asia markets including as Japan, Australia, Greater China and Korea.
Already at the center of a money-laundering probe, Commonwealth Bank of Australia has come clean on other hidden scandals in its business – including how it dealt with deceased clients.
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