Months of uncertainty and little visible action will be followed by long hours and then – short, sharp shocks. This is how it could soon feel for normal Credit Suisse employees as UBS starts to set up shop.
In response to rising demand from mainland China, HSBC is launching a pilot to extend services to seven days a week at three branches in Hong Kong.
Singapore continues to attract new family offices with around 200 applicants queued to set up in the city-state.
Singapore lender OCBC further expands its presence in mainland China with the launch of a new branch in Wuhan.
A new bill has been introduced in Singapore’s parliament that could lead to an information-sharing platform set up by the local financial regulator.
Liechtenstein's LGT is relentlessly expanding its private banking position and sees itself protected from the storm currently engulfing the Swiss financial industry. When it comes to dealing with Russian assets, the authorities are sending out delicate signals,...
Following Credit Suisse’s acquisition, existing clients, particularly from the wealth unit, will have to think long and hard about whether they should stay with the newly enlarged UBS or move on. finews.asia takes a look at some of the potential beneficiaries of...
Natixis Corporate & Investment Banking has hired a former Standard Chartered executive to lead coverage in India.
A Chinese blockchain entrepreneur wanted to transform Credit Suisse into a crypto-friendly bank. He offered $1.5 billion on Twitter to acquire the troubled Swiss bank.
Singaporean insurer Great Eastern has announced the appointment of a new chairman.
Credit Suisse's largest shareholder suffered a loss of around 80 percent on its investment. However, Saudi National Bank intends to stick to its broader strategy.
It’s not just shareholders and employees who are hard hit by Credit Suisse's rescue takeover by UBS, bondholders with 16 billion Swiss francs worth in debt are also bearing the brunt.
Credit Suisse's considerable legal risks are being transferred to its new parent company UBS. The buyer inherits these as part of an overall package.
Private bank Julius Baer shrunk its CEO's compensation by around half a million francs in 2022, as it slightly reduced compensation for all ten members of the executive board.
Deloitte’s China unit has been fined by the country’s finance ministry over failures related to its audit work with bad debt manager China Huarong Asset Management.
Last summer, amateur rally driver Ulrich Koerner took the wheel at Credit Suisse. He won't get the checkered flag for the restructuring plans the CEO set for the bank through 2025.
Liechtenstein-based LGT Bank boosted profits and saw strong growth in new money from clients.
High net worth wealth tied to technology, notably in Asia, will be hit the hardest by the ongoing banking crisis in the US, according to GlobalData.
The bank's takeover of Credit Suisse is really a forced merger. Although both it and the government have done their best to shortcut future risks, it is now far more exposed to the threats of the current, volatile environment.
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