Elon Musk’s acquisition drive for social media giant Twitter has even attracted interest in the financial industry in Asia with South Korea’s Mirae Asset reportedly planning to support financing for the deal.
In Australia, the head of equities trading at Credit Suisse has reportedly left. The departure is a further indication of the impending restructuring in the bank's investment banking division.
More than half of family offices and high net worth individuals in Hong Kong and Singapore have been investing in digital assets in recent years, according to a report co-published by KPMG, in yet another sign of continued adoption despite market volatility.
China-related issues were heavily featured in HSBC’s review of future risks in its latest quarterly financial results, including the strict zero-Covid policy which has no end in sight.
The global wealth management business posts net new fee-generating assets in the region but earnings and revenues fall on lower transaction income.
HSBC’s wealth unit registered more than $90 billion in net new invested assets in the past year, driven in no small part by its efforts in Asia.
UBS reports solid third-quarter results in the face of myriad headwinds. Higher interest rates and cost management helped.
HSBC has announced a successor to chief financial officer Ewen Stevenson after three years in the role.
HSBC's profits fell in the third quarter this year, due in large part to $2.4 billion of losses related to the planned sale of its retail banking operations in France.
Liechtenstein-based LGT is expanding its onshore efforts with the launch of wealth management services for clients in India.
Beginning Tuesday, the financial industry's powerful and influential will meet in Saudi Arabia for an event. In contrast to 2018, many Wall Street celebrities will also be attending. The desert monarchy is no longer a pariah for them.
It's been a busy week for Credit Suisse's legal team. The bank has now settled a French case involving cross-border private banking services.
US-listed Chinese firms possibly face more trouble as Nasdaq reportedly halts initial public offerings for a handful of small companies.
Investors prompt an equities rout after the end of the China Communist Party Congress, with many concerned about continued COVID-19 measures.
The global compliance chief for Credit Suisse is leaving after just over a year on the job. The move is not related to the bank's ongoing strategic review.
Over the past two weeks, the balance sheets of major US banks have provided clear indicators of where international banking is headed. It is unlikely that UBS will be able to escape the global market trend.
The US Deputy Secretary Plays to the crowd in the city-state as China's 20th Communist Party Congress draws to an end.
The race to further close the Swiss bank's capital gap continues with the offloading of a stake in Swiss asset manager Energy Infrastructure Partners.
Carlyle has hired a 15-year industry professional as its head of private equity for Australia and New Zealand.
The Hong Kong Monetary Authority has announced the appointment of a new deputy chief executive.
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