Comments made in December by Credit Suisse's Chairman that client outflows had stopped drew the attention of the Swiss financial regulator. It has issued its decision.
Following a weekend auction, HSBC has emerged as the buyer of Silicon Valley Bank’s UK arm.
A former private banker in Asia has been appointed as the head of Indosuez subsidiary and digital service provider Azqore.
A Hong Kong-listed biotech firm has been hit by the Silicon Valley Bank collapse and the local regulator is keeping a close watch on ongoing developments.
Credit Suisse’s Australia wealth business delivered higher revenue in 2022, its head Michael Marr told finews.asia, driven in part by strong demand for alternatives.
Fintech entrants have disrupted the incumbents’ traditional models but struggle to attract profitable customers and manage the regulatory complexity effectively. Both sides need to work together to make the change and growth agenda a reality, Joerg Ruetschi...
Asia is casting a watchful eye over the fallout from California-based Silicon Valley Bank’s collapse, including in China where the tech-focused lender has a joint venture.
The brain drain continues at Switzerland’s troubled bank. Now a senior compliance manager, who has been with the bank for over 17 years is also headed for the door.
The private markets company in Zug is nominating a new board director at its next annual general meeting.
The universe of alternatives is growing and batik – a fabric made with a unique Indonesian technique – could be the next luxury good to join the asset class, according to digital marketplace Alta.
The legal and institutional structure of Hong Kong has changed, according to a report by US think tank Atlantic Council outlining key differences since 2019 and business recommendations, most notably for financial firms.
Switzerland's second-largest bank delays its annual report disclosure because of last-minute queries from the US securities regulator. finews.asia assesses whether it is further evidence of faulty controls – or not.
Did Credit Suisse's zero-tolerance approach related to risk prompt the delay in its annual report? Whatever the case, the step destroyed more market value than any book-keeping detail did.
Citi has announced the appointment of a new head of commercial banking for India.
Former Goldman Sachs banker Roger Ng has been sentenced to 10 years in prison over his role in the 1MDB scandal.
Australia's Perth Mint has been hit with a media report claiming that it sold doped gold to China and could face a recall of up to 100 tons. Both the buyer and seller deny any foul play.
Troubled Swiss lender Credit Suisse has reportedly cut most of the headcount in its Japanese investment banking division.
Relative to men, women were more interested in receiving advice around illiquid assets as part of legacy planning, according to a UBS report on female wealth owners.
Fund distribution via digital channels is on the rise in Asia Pacific, according to a Broadridge report, with China and its tech-savvy investors dominating the space.
Nothing seems to be going right for Switzerland's second-largest bank. Not even the publication of its annual report is straightforward.
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