Employees at Credit Suisse and UBS, along with the media and politicians, are still in the dark about what the «new UBS» will look like, but the course is being set behind the scenes. What can we expect at the end of the month?
Singapore’s DBS achieved record earnings in the second quarter of 2023, driven by improved interest margins from rising rates.
French asset manager Amundi has made an internal promotion to the role of country head for Japan.
Citi has introduced an invitation-only credit card aimed at its private banking clients in Asia. A launch event was held in Hong Kong earlier this week, featuring Michelle Yeoh.
China alone consumes more coal than the rest of the world combined, with India, Indonesia, and Vietnam not far behind. finews.asia looks at it all in the context of a record-breaking summer heatwave.
There were few winners from the downfall of Credit Suisse, be it shareholders, creditors or even the Swiss public. But the bank did favor one sub-segment of stakeholders.
The former chief investment officer of Japan’s pension fund has joined American index provider MSCI.
Asset management giant BlackRock and index provider MSCI are reportedly being investigated by US authorities for allegedly facilitating investments into blacklisted Chinese companies.
Fund investors in Asia have been selling exposure in equities in favor of fixed income, according to a report by Calastone, due to souring market conditions and weak risk appetite.
Singapore is rapidly growing as a key market for HSBC in Asia with the city-state's wealth management unit nearly quintupling pre-tax profits.
The global consultancy intends to hire enough tech specialists to be able to fully staff a medium-sized global bank. finews.asia takes a look.
New York-based BNY Mellon Investment Management has announced three senior appointments to its distribution team in Asia.
London-based HSBC’s Asia business benefited from the post-pandemic environment, with all markets in the region registering higher profits.
First half profits at HSBC doubled in 2023, driven by higher interest income as rates rose throughout the period.
Wealth managers continue to tap into the growing Middle East opportunity with Bank of Singapore hiring two senior executives in Dubai.
At least half a dozen private bankers have reportedly left Credit Suisse’s wealth division in Hong Kong amid ongoing restructuring following the UBS takeover.
After its takeover of Credit Suisse, UBS is addressing its risk management principles. It wants to terminate certain relationships established by Credit Suisse.
London-headquartered Standard Chartered is adding more branches in Hong Kong to tap growing opportunities from high net worth individuals in the Greater Bay Area and Southeast Asia.
UBS is now applying its «culture filter» to Credit Suisse's lending business in Asia. In the process, high-risk positions are to be screened out.
Singapore’s presidential race sees yet another financial veteran join, this time in the form a former insurance CEO.
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