Dutch bank ABN Amro has said it is to cut its workforce by a further 1,500 jobs. The job losses were announced alongside the company’s third quarter earnings report.
According to the the latest quarterly report on global fintech venture capital trends published by KPMG and CB Insights, global venture capital fintech funding declined in the third quarter 2016.
Credit Suisse appointed the management for its Swiss bank unit – set to be hived off this weekend – finews.asia reports exclusively. A key veteran investment banker for the Swiss bank is not part of top management.
Derivates provider Leonteq defined a set of strategic goals and has now presented an overhaul of its structure as it bids to reach the targets set for 2020.
Speaking at the Singapore Fintech Festival Ravi Menon, Managing Director of the Monetary Authority of Singapore, reminded the attendees that technology is really about fostering a culture of innovation.
Wall Street was slow to warm to Donald Trump, backing his Democratic rival Hillary Clinton instead. Now, several hedge fund executives and financiers are lining up for a prominent place at the president-elect’s table.
Point 72 Asset Management, the family office managing the assets of its founder, Steven A. Cohen, and eligible employees, has recently doubled its capacity in Singapore.
As the industry suffers from meagre returns, Hedge Funds across Asia saw the largest volume of withdrawals in four years during October. Is the trend is likely to continue?
The Monetary Authority of Singapore has announced that three fintech firms will receive a five figure cash prize for the technology solutions they presented at the Global Fintech Hackcelerator Demo Day.
A larger than life icon: the classic Navitimer appears in a generous 46 mm diameter that accentuates its presence on the wrist and enhances the originality of its design.
Japanese bank Nomura is the latest in a long convoy of financial institutions to begin offering robo advisor services to their clients.
A Malaysian opposition lawmaker was sentenced to 18 months in jail for leaking data on state fund 1MDB to media. The decision highlights that U.S. investigators will have to navigate Malaysian domestic politics.
Fintech firm Ayondo is engaged in negotiations with a SGX-listed company on a Reverse Takeover transaction. This could result in Ayondo being the first fintech to be listed on the Singapore Exchange.
The surprising election win for Donald Trump is raising questions across a range of policy areas, says Swiss finance expert Beat Wittmann.
Billionaire Richard Branson wants to revive supersonic passenger travel with a jet that can fly faster than the Concorde – all for less than the price of a business class flight. Here are the first pictures of the design prototype.
Swiss customers can now travel to Canberra on a new codeshare service operated by Singapore Airlines. The Asian carrier also offers onward connections from the Australian capital to Wellington in New Zealand.
In view of the ever-increasing importance of regulation for the finance industry, Vontobel has named a former UBS manager and lawyer as its new General Counsel.
EFG International has completed the integration of BSI in Singapore. The city-state branch earlier was closed by Singapore's regulator in connection with corruption at Malaysian state fund 1MDB.
According to an internal memo Credit Suisse has hired a former Royal Bank of Scotland banker to take on the role of Head of Private Banking, China Onshore.
DBS Bank has opened DBS Asia X. Located at the Sandcrawler Building in Fusionopolis, it is a 16,000 square feet innovation space. DBS is one of the first banks in the region to adopt human-centred design thinking.
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