After cutting bonuses after 2021, an even larger cut to the bonus pool at Credit Suisse is being mulled at the troubled bank after a turbulent year.
Japan sits on top of the world’s most powerful passport in 2023, according to the latest Henley Passport Index.
One of Credit Suisse's major shareholders is officially no longer one. Chicago-based investment firm Harris Associates unloaded some of its holdings in the Swiss bank to a level under a mandatory reporting threshold.
Asia Pacific international fixed income issuance is off to a record start, comprising a quarter of global volume in January.
Standard Chartered has announced that it is exploring options for its global aviation finance business, including a sale.
Prudential’s real estate investment arm has announced the appointment of a deputy portfolio manager for its Asia core strategy.
Winter for the cryptocurrency industry persists with Coinbase being the latest to downsize its business by cutting nearly 1,000 jobs.
A rapid reopening, pent-up consumer demand and other tailwinds are expected to drive Chinese equities higher, said Citi investment strategist Ken Peng who noted that the current market rebound is still in its early stages.
Former board member Michael Klein is selling his company to Credit Suisse to subsequently become co-owner and head of the spinoff CS First Boston. Klein's brother is also part of the deal.
A strategic investment has been made by HSBC Ventures in a major online healthcare platform in mainland China.
Capital Group sees new investment opportunities in fixed-income bonds and is entering into a partnership with the asset management division of UBS to that end.
The threat of cyberattacks is increasing sharply. Now, Zurich Insurance's Japan subsidiary has been attacked, with hackers stealing sensitive customer data.
Instead of endless tests and quarantine, business travelers to China now face getting trampled underfoot by stampeding tourists - and the occasional post-pandemic geopolitical spat.
Swiss banking giant UBS has been chosen as the lead partner for Hong Kong’s first public Chinese New Year celebration since the start of the pandemic.
An ex-UOB Asset Management executive has joined Eastspring Investments as its deputy regional chief.
Expect a comeback of 60/40 portfolios, said Pictet Wealth Management’s Asia chief investment officer Hugues Rialan, proclaiming that the positive correlation between stocks and bonds in 2023 «will not be repeated».
Blockchain Association Singapore sent a feedback report to local regulators on the recent crypto proposals, warning that certain measures to tighten access could drive demand to unregulated providers.
After two years of strict lockdowns, travel bans, and cumbersome quarantine measures, UBS sees China's reopening as a huge chance for its businesses across Asia, especially for wealth management.
The social media storm that cost Credit Suisse billions in assets could happen again. Banks are largely on their own when dealing with such cases. finews.asia looks at what an effective defense might look like.
A Blackrock veteran has been appointed as the US asset manager's new head of wealth for the Asia Pacific region.
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