The rise in the value of Bitcoin signals the start of the crypto spring and is not necessarily linked to this year’s banking crisis, the chair of Bitcoin Suisse said in an interview with finews.com.
Revenue growth at the top lenders in the Asia Pacific region was hit by extended lockdowns and the real estate crisis in China.
A panel overseeing credit default swaps said that the Credit Suisse Additional Tier-1 wipeout will not trigger an insurance payout.
Australian property demand from Chinese buyers is undergoing a sharp rebound, according to real estate firm Juwai IQI, with a continued positive outlook for the rest of 2023.
Hong Kong launches a pilot program for its own central bank digital currency in a bid to improve the speed and efficiency of payments in the city.
Uncertainty in US-China relations persists but the decoupling of the world’s two largest economies is «neither possible nor desirable», according to a Morgan Stanley research report.
Hong Kong and mainland China’s ultra-high net worth population fell in 2022 while their counterparts in Southeast Asia saw a rise, according to property consultancy Knight Frank.
Singapore-based digital asset investment firm Whampoa will enter the Bahrain market by setting up a digital bank.
Credit Suisse's takeover by UBS continues to generate all sorts of interesting numbers. finews.asia takes a look at some of the more adventurous ones.
A Singapore court has dismissed a jailed Angolan tycoon’s application to release funds at a Bank of Singapore account.
Talent outflows continue at Credit Suisse, this time with its Philippines country manager reportedly leaving to join Ayala Corp.
Just as private equity is becoming more accessible through democratization, so too are classic automobiles. If you can't afford a classy chassis, you can experience them for the first time in the Metaverse.
«Agile» Ralph Hamers was dumped by UBS as CEO in favor of Sergio Ermotti after it was forced to take over Credit Suisse in March. Hamers left a digital parting gift.
HSBC has hired an electronic fund transfer specialist as the new head of its mobile wallet business PayMe.
For the first time, UBS has indicated how much it is gaining by acquiring Credit Suisse. At least on paper.
UBS is increasing its focus on onshore banking in the Taiwan market amid ongoing uncertainty in cross-straits relations.
Citibank’s Indonesia unit posted profit growth in the first quarter of 2023 due in large part to an increase in interest income from institutional clients.
Some of the largest American lenders are reportedly scaling down ambitions and expansion plans in China due the changing business environment.
Politicians would do well to ask themselves how they will save the next bank in 15 years, observes finews.asia. The next crisis is not a question of if, but when.
California-based Franklin Templeton has appointed a new portfolio manager within its China equity investment team.
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