Citi recorded a lower overall income in its Asia institutional business for the second quarter of 2023, according to its financial results, while revenues stay flat.
The exodus of top talent at Credit Suisse continues, with at least 120 high-ranking investment bankers having left the Swiss bank.
Australia’s central bank has appointed the first female governor in history.
Bank of Singapore is not yet positive on Chinese markets, underlining the need for geopolitical stability and sufficient stimulus to trigger a sustainable rally.
Credit Suisse's wealthy private clients are not the only ones sought after by UBS. In the US, UBS is attracting staff from a bankrupt bank.
Hong Kong is proposing to widen the safety net to protect more than 90 percent of the city’s bank depositors.
Shareholders of «Freedom Acquisition I» approved the merger with Complete Solaria. This means the blank check company of the former Credit Suisse CEO has come further than many others. Still, it's hardly a home run.
The omnipresence of Asia’s growing wealth continues to be felt, this time as the top contributor to a record first half in luxury auctions at Christie’s.
A duo of digital banks are reportedly pushing Singapore authorities to lift the deposit cap and enable continued growth.
Technology is the primary industry for most young billionaires in Asia, according to Altrata, reflecting shifting economic and societal trends.
India is emerging as a shining star in Asia with various macro tailwinds favoring economic development and wealth creation. Global financiers are increasingly chasing the private banking opportunity in its onshore market.
London-headquartered HSBC is reportedly expanding its asset management business in China with plans for new hires and an enlarged product offering.
More revelations of exposure in Credit Suisse’s AT1 notes have emerged, this time at three major brokerages in Japan.
Jupiter Asset Management has hired a former Janus Henderson executive as a sales director in Hong Kong.
Earlier this year, Sergio Ermotti resigned his chairmanship of Swiss Re to become CEO of UBS, leaving an unexpected void at the insurer. At its annual general meeting in April, a vote will take place on making the role permanent.
Better custody solutions are needed in order to drive crypto adoption amongst institutional investors, according to a report by PwC and Hong Kong-based platform Aspen Digital.
The bank has made further personnel decisions as it reshuffles staff following its takeover of Credit Suisse.
Many of them sit in their offices, waiting for something – anything - to happen. finews.asia takes a look.
Consolidation will lead to fewer players in the asset management industry, according to a PwC report, with one in six expected to disappear by 2027.
Disappointment in the Chinese market and economy has led investors to seek for alternatives, according to UBS’s Min Lan Tan who underlined growth stabilization as a key factor to reversing the trend.
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