A member of renowned hip hop group Fugees has been convicted of illegally aiding Malaysia's Jho Low.
What a difference a year makes. After many wealth managers saw record new money inflows and assets under management grow to new heights in 2021, last year proved to be a very different story.
At the behest of the state, UBS has been transformed from a reliable, income-generating institution with a high return on capital into a bizarre casino where bets are being placed on illusory success in the coming years, finews.com editor Claude Baumann observes.
Hong Kong-headquartered AIA has received approval from Chinese regulators to launch operations in the province of Henan.
Singapore-based UOB recorded growth across its wholesale, global markets and retail businesses, resulting in a significant rise in profits for the first quarter.
Swiss Financial Market Supervisory Authority (Finma) published its annual resolution report for systemically important banks. Postfinance needs to go back to the drawing board.
In its 218-year history, the Swiss private bank Pictet had only 46 partners. A 47th has now been chosen, finews.com has learned.
The Monetary Authority of Singapore has proposed additional controls for the marketing of financial products via physical and digital channels.
Singapore-based Endowus expands to Hong Kong with the launch of its wealth management services in the city.
Asia was the dominant profit driver for London-headquartered Standard Chartered in the first quarter of 2023.
Emerging market-focused lender Standard Chartered registered a significant profit increase in the first three months of 2023, driven by higher interest income.
Asia's private banking industry faced a double whammy of persistent Covid curbs and a multi-asset class market downturn in 2022 leading to a second consecutive year of asset decline. finews.asia reviews the damage with the release of its annual Private Banking...
Allianz Global Investors has hired a former Goldman Sachs Asset Management executive to lead its China equity team.
Lumen Capital Investors is a pioneer in Singapore. As one of the first Independent Asset Managers, it continues to attract experienced partners with an entrepreneurial mindset. In the financial sector, LCI is strategically positioned to take advantage of changing...
Singapore’s DBS has announced the shift of a Hong Kong board director to join the group board.
South Korean prosecutors have long believed fallen crypto-star Do Hyeong Kwon converted thousands of bitcoins into millions of dollars at an unnamed Swiss bank. That bank appears to be Sygnum, although research by finews.asia reveals the digital banking pioneer may...
Leading international residence and citizenship advisory firm Henley & Partners, in partnership with the Swiss non-profit humanitarian Andan Foundation, is pleased to announce the call for nominations for the 2023 Global Citizen Award.
Jobs at both big banks aren’t under immediate threat, UBS's CEO said in a media call.
Baltimore-based Brown Advisory will enter its next stage of growth in Japan with the opening of a new office in Tokyo.
Switzerland's largest bank made new provisions for an old legal case, which impacted first-quarter earnings. UBS was nearly mute on the planned acquisition and integration of Credit Suisse.
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