Activist investor Knight Vinke once called for UBS to split off its investment banking arm. The hedge fund has renewed its criticism of investment banks – which reads like direct criticism of Credit Suisse.
Ticino-based Banca della Svizzera Italiana hasn’t been fully integrated into EFG International yet, but the Swiss bank is already set to slash jobs and dispose of assets.
Mambu, the SaaS banking platform provider, has opened its first office in the APAC region and appointed a new regional head.
Malaysia’s troubled state investment fund 1MDB is preparing to repay Abu Dhabi’s sovereign wealth fund – with China's help, according to media reports.
Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to media reports. It citing rising costs as the reason behind its decision.
The family of Jho Low, suspected to be the financial mastermind behind billions siphoned from 1MDB, is moving to protect $650 million in assets set for seizure by U.S. authorities as part of a corruption probe.
Brexit and Donald Trump – even if disaster hasn’t struck, there is no question that the conditions for investors have radically changed. Will next year be as eventful, asks Vontobel's Christophe Bernard
Credit Suisse boss Tidjane Thiam sees more job cuts as one key step to slashing spending at Credit Suisse. What did he have to say about how and where?
Simmons & Simmons is bolstering its financial institutions practice with the hire of a veteran UBS lawyer as a senior consultant in London.
Standard Chartered is considering making Dublin its legal base inside the European Union after Britain begins the formal process of withdrawing from the bloc, according to several media reports.
Credit Suisse has tweaked its one-year-old strategy at a keenly-anticipated investor day: CEO Tidjane Thiam is lowering various profit targets and deepening billion-franc cost cuts.
Asian countries invested 28 billion Australian dollars with Australian managers; more than 11 billion Australian dollars from Japan alone. High withholding tax on Australian assets is a barrier to more flows.
Given the challenging market conditions that Credit Suisse is facing in the industry, the bank is reducing targets for markets and trading in APAC and for asset management and international wealth management.
U.S. President-elect Donald Trump has shown that crude slogans make for catchy headlines. But where will we first see the pragmatic side of the new president, Swiss U.S. expert Alfred Mettler asks.
The sale of part of ABN Amro's private-banking business to LGT shows just how tough business has become in the industry and how difficult the banks find it to make a viable living – even in Asia.
Copenhagen-based Saxo Bank has signed a Memorandum of Understanding to form a white label partnership with a Beijing-based fintech company.
Alipay, the world's most-used electronic payment application has reached an agreement with a strong partner, a pact that is poised to challenge the dominant position of the Swiss payment solution – Twint.
LGT, the private banking group owned by the Princely House of Liechtenstein, has reached an agreement with Dutch ABN Amro to acquire its private banking business in Hong Kong, Singapore and Dubai.
MetLife Insurane has appointed a Head of People and Culture based in Sydney and who brings over 15 years of experience.
PwC Legal has expanded its legal capabilities in Asia Pacific by establishing its first regional foreign law practice – PwC Legal International in Singapore.
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