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Friday, 1 May 2026
Friday, 1 May 2026

FINANCE Friday, 28 October 2022 13:03

Roadblocks Ahead for Hong Kong Summit

Hong Kong authorities hope the upcoming banking summit will live up to the hype and reinvigorate the city’s status as a reopening financial hub. It faces a handful of roadblocks to success spanning Covid, politics and social-related factors.

FINANCE Friday, 28 October 2022 11:03

Citi CEO Skips Hong Kong Summit After Covid Hit

Citigroup chief executive Jane Fraser has been diagnosed with Covid-19 and will be unable to travel to Hong Kong for the city's global financial summit next week.

FINANCE Friday, 28 October 2022 10:09

Higher Interest Rates Fuel Record Profit at UOB

UOB posted a record-high net profit for the third quarter, driven by a strong increase in interest income.

FINANCE Friday, 28 October 2022 09:24

Ex-Credit Suisse Chair Should Pay Bonus Back

Credit Suisse will cut thousands of jobs. The bank employees' union complains it is unclear to what extent the bank's Swiss operation will be affected. It is calling for ex-chairman Urs Rohner to be held accountable.

FINANCE Friday, 28 October 2022 09:21

Credit Suisse Becomes Part of Saudi Crown Prince's Vision

Credit Suisse is bringing Saudi National Bank on board as one of its largest shareholders to increase capital. At the «SNB», Saudi Crown Prince Mohammed bin Salman is pulling the strings in the background. After Khashoggi's murder, he was, at least for a while,...

 FINANCE Thursday, 27 October 2022 16:47

Hong Kong Finance Chief Tests Positive for Covid in Saudi Trip

Hong Kong’s financial secretary Paul Chan tested positive for Covid during a visit to Saudi Arabia, just days before the start of the city’s banking summit next week.

FINANCE Thursday, 27 October 2022 15:14

Credit Suisse: APAC is the Lone Region With Positive Flows in 2022

Asia Pacific registered the lowest amount of outflows for Credit Suisse across markets in the third quarter 2022, making it the lone region to record positive net new assets in 2022.

FINANCE Thursday, 27 October 2022 14:18

New Crew Named for CS First Boston Relaunch

A slate of new appointments has been named for the relaunch of the CS First Boston brand. But there is also a prominent departure.

PEOPLE Thursday, 27 October 2022 14:15

Credit Suisse Announces Replacement Compliance Chief

Credit Suisse has announced the appointment of a new chief compliance officer, succeeding Rafael Lopez Lorenzo.

FINANCE Thursday, 27 October 2022 13:18

Credit Suisse Unveils New Strategy: Radical Restructuring

Credit Suisse unveiled its long-awaited restructuring which includes the revival of the First Boston brand and a shrunken securitized products group.

FINANCE Thursday, 27 October 2022 13:01

Credit Suisse Posts Fourth Consecutive Quarterly Loss

The investment banking unit dragged Credit Suisse to a fourth consecutive quarterly loss. It intends to raise around 4 billion Swiss francs in capital and radically restructure the investment bank. 

FINANCE Thursday, 27 October 2022 11:40

UBS Widens Affluent Net With New Digital Platform in China

UBS continues to expand its ambitions in the region’s affluent market with the launch of a new digital wealth management platform in mainland China.

PEOPLE Thursday, 27 October 2022 10:10

Deutsche Bank Hires UK-Based South Asia Wealth Vet

Deutsche Bank has hired a 20-year wealth management veteran to oversee its private banking business for South Asia clients out of the UK.

PEOPLE Thursday, 27 October 2022 09:44

JLL Names Head of Capital Markets for New Zealand

Commercial property firm JLL has announced the appointment of a head of capital markets for New Zealand.

FINANCE Thursday, 27 October 2022 09:26

UBS Strategy Defies Second Major Crisis

At UBS, the focus on wealth management was born out of necessity during the financial crisis. One global crisis later, that strategy is helping it leave global competitors behind.

FINANCE Wednesday, 26 October 2022 15:45

MAS Seeks Public Feedback on Retail Crypto Proposals

The city-state regulator proposes measures to curtail trading in cryptocurrencies by retail investors, requiring providers to ensure proper business conduct and risk disclosure. 

PEOPLE Wednesday, 26 October 2022 14:39

Transamerica Life Bermuda Appoints COO in Hong Kong

High net worth insurance specialist Transamerica Life (Bermuda) has hired a chief operating and transformation officer in Hong Kong.

FINANCE Wednesday, 26 October 2022 12:50

StanChart Profit Up from Record Third Quarter for Markets Arm

Profits at Standard Chartered rose due in part to a record third quarter for its financial markets unit and rising interest rates.

PEOPLE Wednesday, 26 October 2022 12:16

T. Rowe Price Names APAC Head of Distribution

Baltimore-based asset manager T. Rowe Price has announced the appointment of a new head of distribution for Asia Pacific.

FINANCE Wednesday, 26 October 2022 11:14

Bill Hwang Urges End to SEC Lawsuit Against «Legitimate» Practices

The founder of collapsed family office Archegos calls on a federal judge to dismiss a lawsuit over what he terms «entirely legitimate» practices.

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