Monday, 3 November 2025

FINANCE Thursday, 13 October 2016 11:22

Chinese Billionaires Outstrip U.S.

The latest Hurun report, The China Rich List 2016, sees Wanda Group Chairman Wang Jianlin, retain his crown as China's richest person with a fortune of $32.1bn.

PEOPLE Thursday, 13 October 2016 07:59

BNP Paribas Tests Bankers Stress

BNP Paribas employees have taken part in an academic trial that saw them wear Microsoft Band 2s that gathered biometric data to measure their stress levels and provide biometric measurements and data.

FINANCE Thursday, 13 October 2016 07:13

Japanese Banker Arrested

A former senior employee of Sumitomo Mitsui Banking Corp has been arrested for allegedly pocketing about ¥190 million by manipulating the bank’s foreign exchange trading system.

PEOPLE Thursday, 13 October 2016 07:13

Ex-Barclays Research Head Joins Colliers

Global commercial real estate services firm Colliers International has announced two senior appointments to its Singapore team, including the former head of Singapore Real Estate and REITs at Barclays Bank.

FINANCE Wednesday, 12 October 2016 19:01

Falcon Faces Swiss Criminal Probe over 1MDB

Falcon Private Bank's problems keep piling up: the day after having the license to operate in Singapore yanked by authorities and its branch manager in the city-state arrested, Swiss prosecutors said they are looking into the bank's dealings with 1MDB as well.

FINANCE Wednesday, 12 October 2016 14:10

High Net Worth Bionic Advisor

The world’s first bionic advisor designed for the high-net-worth market has been launched by Singapore-based advisory firm Bento. So how does it work?

FINANCE Wednesday, 12 October 2016 11:41

Hong Kong Wealth Firms Wanted

Chinese authorities will allocate a designated area in Shenzhen's Qianhai free trade zone for about 150 wealth management firms which are expected to set up shop there over the next two years.

PEOPLE Wednesday, 12 October 2016 11:10

New Chairman at CBA

The Commonwealth Bank of Australia has announced that its Chairman David Turner will retire from the Board at the end of December 2016.

PEOPLE Wednesday, 12 October 2016 11:01

Equiom Expands Into Singapore

Trust services provider Equiom has acquired The Heritage Trust Group, an Asian corporate services firm with offices in Singapore, Hong Kong and the British Virgin Islands.

FINANCE Wednesday, 12 October 2016 10:04

Credit Suisse Hires from UBS for China Role

Credit Suisse has made a senior appointment to its Investment Banking and Capital Markets team in China, a strategically critical market for the Swiss bank. 

FINANCE Wednesday, 12 October 2016 06:52

FXecosystem Announces Asian Expansion

FXecosystem, a provider of FX outsourced connectivity services, has announced the opening of its regional headquarters in Singapore and a point of presence in the Equinix Singapore data centre.

FINANCE Wednesday, 12 October 2016 06:52

Thomson Reuters Launches Trade Based Money Laundering Solution

As trade based money laundering becomes a growing global problem a new solution offering holistic risk management of trade finance is hoping to solve the problem. So how does it work?

FINANCE Wednesday, 12 October 2016 06:49

Swiss Banking's Reputational Wipeout

Falcon Private bank is the second firm to be shut down in Singapore for its dealings with 1MDB, which stands accused of corruption and money-laundering. It is the second blot against the signet of Swiss banking in Asia.

FINANCE Wednesday, 12 October 2016 06:48

Falcon Out of Asia Entirely After 1MDB Scandal

Falcon Private Bank is looking for buyers for its Asian activities, after its license to operate as a bank in Singapore was yanked for its involvement with alleged corruption and money-laundering for Malaysia's 1MDB.

PEOPLE Wednesday, 12 October 2016 06:45

Deutsche Appoints Stand-In for Asian Private Bank

Deutsche Bank has appointed a stand-in for Ravi Raju, the head of its Asian business who defected to rival UBS and took a key banker with him.

FINANCE Tuesday, 11 October 2016 17:58

Falcon Bosses Ignored Staff Warnings on 1MDB

Falcon Private Bank's dealings with Malaysian state fund 1MDB reveal the bank threw caution to the wind and using sloppy methods in its dealings. Warnings from staff were dismissed out of hand.

PEOPLE Tuesday, 11 October 2016 17:10

New Head for Julius Baer Middle East

Julius Baer is replacing the head of its activities in the Middle East. The current head, who was in the job for just two years, is moving to Abu Dhabi to spur growth in the emirate.

FINANCE Tuesday, 11 October 2016 15:15

UBS Doesn't Escape Unscathed from 1MDB

Singapore's financial regulator has penalised banks for doing business with Malaysian state fund 1MDB, which is at the center of a money-laundering investigation. Swiss bank UBS is guilty of 13 violations.

PEOPLE Tuesday, 11 October 2016 12:47

Ex-Credit Suisse Bankers Join Julius Baer

Julius Baer continues to bulk up its Asian teams with news that three former Credit Suisse bankers have moved to strengthen the banks coverage of the Philippine and Thai markets.

FINANCE Tuesday, 11 October 2016 12:11

DBS Reacts to MAS Ruling

DBS, the local bank caught up in the Monetary Authority of Singapore ruling over the fund flows of the Malaysian wealth fund 1MDB, has been quick to issue a statement in response to the fine and censure it received.

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