Japan's SoftBank Group is to acquire the private-equity firm and asset manager Fortress Investment Group for about $3.3 billion in cash. The move into financials is a new one for the Tokyo based firm.
Credit Suisse has gone from hot to cold on listing a minority stake in its crown jewel. finews.asia explains why the Zurich-based firm is likely to abandon initial public offering plans for its Swiss unit.
LGT Bank, which is controlled by the family of the Prince of Liechtenstein, has appointed a new chief executive officer. Norbert Biedermann is retiring after 40 years of service to the company.
Tidjane Thiam has put his stamp on Credit Suisse after his first full year running the bank. The strategy is beginning to take hold, is his message. finews.asia looks behind the Swiss bank's massive construction.
Benjamin Cavalli, Credit Suisse's private banking head for Southeast Asia in Singapore and newly appointed in the additional role as CEO Singapore, spoke to finews.asia about the region's wealthy.
More signs of Jho Low, without the man himself surfacing: the Malaysian businessman at the center of the 1MDB scandal is attempting to grab back luxury assets from U.S. officials.
Three Credit Suisse board members won't stand for re-election in April. Among them: the representative of Qatar, the second-largest shareholder in the Swiss bank.
As of the end of the fourth quarter 2016, assets under management in Asia Pacific were slightly lower compared to the previous quarter, Credit Suisse reported on Tuesday.
Credit Suisse's net loss narrowed in the fourth quarter, as the Swiss bank earned more commissions and fees as well as trading income. Spending ticked higher, undercutting the bank's pledge.
PwC Australia has appointed of a Chief Digital Officer. This is a new role focused on driving PwC’s digital strategy and maximising the value of the technology investments the firm has made.
I.M. Pei caused a stir when he constructed the Bank of China Tower in Hong Kong, the building was criticised by some practitioners of feng shui. Now Pei's son brings the family's touch to Bank of China's private bank.
Guernsey Finance opened its Hong Kong office in March last year and has now appointed its first Hong Kong Representative. The jurisdiction is keen to promote itself as a financial centre to Asian based clients.
A business-to-business automated investment platform for all sizes of investors, from institutional to retail, has announced it has opened new offices in Hong Kong.
The Bank of Singapore, the private banking arm of Singapore's second largest banking group OCBC, took a hit in the fourth quarter after their recent purchase of the U.K.'s Barclays Wealth.
Unexpectedly Singapore’s OCBC Bank has reported a drop in profit in 2016. Wealth management income was offset by rising net allowances and a lower trading income. The dividend remains unchanged.
Ensuring ANZ’s information security strategy evolves with the changing technology landscape, ANZ has appointed a Chief Information Security Officer.
Gold has been hurt by the election of Donald Trump as U.S. President. However Swiss bank UBS urges investors to keep their nerves.
A brash young Mexican financier's plans to take over a Swiss bank fizzled last year. Now, he has turned up in the scandal surrounding the vanished $50 million «Flash Crash» fortune.
Avaloq said it is getting ready to open itself to investors. The Swiss banking software firm said its full-year net profit rose sharply following a 10 percent boost in revenue.
The investment boss of a small private bank in Geneva has found a new job in the Middle East. His dream move may turn out to be one of the most inspired of the year.
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