Ex-Goldman Sachs banker Roger Ng has been ordered by a US judge to forfeit tens of millions of dollars in relation to the 1MDB scandal.
China’s state-owned lenders are the latest players that are reportedly seeking to capitalize on the crypto opportunity in Hong Kong.
Zurich-headquartered EFG has expanded its front office in Asia with the hire of eight new private bankers coming from Credit Suisse, Bank of Singapore and more.
Standard Chartered has entered an agreement to sell its business in Jordan as part of broader plans to exit seven markets in Africa and the Middle East.
US authorities are investigating several banks in connection to sanctions against Russia. Credit Suisse and UBS are among them.
A former CEO of the failed Credit Suisse washes his hands of responsibility in a guest article for the Financial Times. He leaves no doubt about his successes, however.
The new Asia Pacific head of Zug-based crypto bank Seba Bank explains why it is focusing on the financial hubs of Hong Kong and Singapore in its Asia strategy.
A 30-year industry veteran is joining HSBC’s private banking arm to lead wealth planning in the Asia Pacific region.
Credit Suisse is the tale of a collapse foretold. Even in its core wealth management business, the decline has been very apparent for 15 years now, writes Bernardo Brunschwiler in a piece for finews.first.
As part of its ambitions to be a famly office hub, the Hong Kong government has announced a slew of new measures that cover a wide range of areas including residency, art, philanthropy and more.
Asia is a very important growth market for the «new» UBS. The Swiss financial giant wants to retain Credit Suisse's top talent in the region.
Credit Suisse's writedown of its AT1 bonds roiled financial markets around the world, and law firms are considering legal action. But a group of major US and Canadian asset managers has decided against the move.
The chase for fallen crypto entrepreneur Do Kwon may have finally come to an end with his arrest in Montenegro.
With investment products such as funds and ETFs, UBS is catching up with the international giants through its merger with Credit Suisse.
The Hong Kong Monetary Authority issued a statement supporting the traditional credit hierarchy, in the midst of ongoing worries about Credit Suisse’s AT1 wipeout.
Markets were caught by surprise by Credit Suisse's multi-billion dollar AT1 bond write-off. Banks sound off on the future of the asset class, especially in Asia.
Payment card firm American Express has appointed a head of Asia based in Hong Kong.
Following a record 2022 for profits at UOB, its chief executive officer has received a pay increase of over 30 percent.
Credit Suisse's full write-off of its AT1 debt as a condition of its takeover by UBS has come under severe criticism. After receiving numerous inquiries, the financial regulator explains the decision.
The president of the SNB defended his institution against accusations it intervened too late in the collapse of Credit Suisse. It will keep a watchful eye on the market power of the newly emerging banking colossus.
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