The founder of boutique bank China Renaissance is missing, sparking worries of a renewed crackdown in the financial sector.
South Korean crypto entrepreneur Do Hyeong Kwon allegedly used the services of a Swiss bank to exchange $100 million worth of bitcoin. The SEC is investigating.
Credit Suisse was spared further credit rating downgrades despite announcing billions of dollars in losses last year. Nevertheless, institutional investors are casting a wary eye over the troubled institution.
Web3 developments are only in their early stages with much more potential to disrupt and decentralize, according to Whampoa Digital’s Jeffrey Ma, calling the current period «the very tip of the iceberg».
Hong Kong-headquartered FWD Group has agreed to take a majority stake in Malaysian insurer Gibraltar BSN Life.
The Asia profits of Munich-based Allianz climbed higher in 2022, fuelled by various markets in the region including China and Malaysia.
Standard Chartered is reportedly planning to expand its headcount in Hong Kong with anticipation of tailwinds in the wealth management business.
Rising fee income from ESG funds was a bright spot in an otherwise bleak year for asset managers.
In an essay on finews.first, Jian Shi Cortesi outlines the drivers and likely beneficiaries of an expected sharp resurgence in Chinese consumption in 2023.
Singapore-based DBS will further expand its digital asset business with plans to apply for a crypto license in Hong Kong.
The surprise departure of the head of Credit Suisse in Singapore is a worrying sign that the major Swiss bank is facing an exodus almost everywhere in the world. This makes turning the troubled lender around all the more difficult, an analysis by finews.asia shows.
Net Income at Swiss Re was affected by several factors last year. The insurer is nevertheless optimistic about 2023 after finishing the year with a strong fourth quarter.
Neil Hosie becomes the new head of global equities at Credit Suisse, as the co-head of the unit departs.
Talent outflows persist at Credit Suisse, this time with the exit of its Singapore chief. A successor internally has been selected.
A growing number of auction houses are positive on Hong Kong’s outlook, including Phillips Auctioneers which is reportedly adding headcount and establishing a 52,000-square foot Asia headquarters.
The city’s population declines for the third year running but how much does it really matter? finews.asia takes a deeper look.
Positivity on Chinese equities – a consensus call amongst private banks – is being tested as the rally has taken a pause in recent weeks. Hard data will be required to confirm the optimism and push the market higher, according to J. Safa Sarasin’s Karsten Junius.
Wealth management activities in Asia are recovering at Citi, driven in part by the reopening of China.
Not everything was about the collapse of FTX in the crypto industry last year, according to Peter Wuffli. The Ex-UBS CEO, who has been in the financial industry for over 40 years, told finews.tv why traditional players are making inroads into the crypto space.
Credit Suisse said it paid out millions to billionaire Bidzina Ivanishvili with whom the bank is engaged in a legal battle.
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