The state guarantees for UBS have ended, and it's repaid the liquidity aid. For Finance Minister Karin Keller Sutter, the Credit Suisse case is far from over.
Hong Kong continues to make efforts to realize its ambitions to be a crypto hub with the introduction of another licensed virtual asset operator in the city.
With the end of the emergency law, the federal government and UBS want to return to business as usual after the Credit Suisse takeover. It's precisely what's causing friction as the deal comes under fire.
According to the Swiss Investor Protection Association (SAV), the lawsuit is to be filed with the Zurich Commercial Court on Monday. The plaintiffs are seeking compensation for losses they incurred as a result of the Credit Suisse takeover.
Financial companies that help address some of the world’s most pressing socioeconomic challenges deserve attention from sustainability-focused investors, Daniel Roarty writes in an article on finews.first.
A private multi-family office established last year has selected Hong Kong as the headquarters for its business.
UBS has slipped the surly bonds of state guarantees and liquidity injections with a bang. It still has a thick cushion to handle the integration of Credit Suisse.
Following DBS’s acquisition of Citi’s consumer banking business in Taiwan, it has become the market’s largest foreign lender.
Ending the government support mechanisms is an important milestone for UBS. The step which came earlier than expected, is intended to express confidence the Credit Suisse takeover can be achieved on its own.
The logo is the most important visual element of a brand. In the course of the integration into UBS, the sail-like symbol of Credit Suisse could soon disappear.
Swiss-based finalix recently appointed two leaders in its Singapore office as the boutique consultancy firm looks to continue expanding in Southeast Asia.
With immediate effect, UBS is terminating the federal loan loss guarantees made to it by the government when it forced the bank to take over Credit Suisse on March 19. The decision renders the guarantees obsolete.
Singlife's investment platform, Navigator, has partnered with BlackRock to offer custom model portfolios to investors.
Credit Suisse won’t be the last casualty as banks and regulators are clearly on the back foot in an age of flash crashes and misinformation. Now even science is starting to weigh in on what needs to change.
Greater focus on high net worth individuals has left many mass affluent clients underserved in Asia by local banks, according to Avaloq’s Gery Dachlan. Some are exploring artificial intelligence as a solution.
New York-based Citigroup has named a new head of commercial banking for Asia, based in Singapore.
Yesterday, founder of fallen oil trader Hin Leong and his family went to court over alleged conspiracy and fraud that led to billions of dollars of unpaid liabilities to bank creditors. The prosecution is seeking personal responsibility and repayment.
The chairman of boutique investment bank China Renaissance remains under investigation in the mainland.
After a period of consultation, passive investments and listed mainland securities are likely to be exempt in order to prevent unintended consequences. finews.asia takes a look.
A former oil tycoon and his family are heading to court in Singapore to face liquidators seeking to recover billions of dollars to pay more than 20 bank creditors.
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