Last week, Credit Suisse’s credit default swap spreads surged to record levels over concerns about its financial health and funding for its restructuring. What say the banks on Switzerland’s most troubled lender?
Several large private banking clients reportedly withdraw assets, among them rich families in Asia and the Middle East.
Geopolitical tensions flare up again as the US warns Hong Kong over a megayacht owned by a Russian oligarch.
Finastra solution expands the functionality of Kotak’s new unified corporate portal to support multiple corporate banking segments.
Both the auto industry and public transport are failing us when it comes to the future. Most simply want to leave everything as it is, says Andreas Herrmann in a contribution for finews.first.
Reliance Industries chairman Mukesh Ambani is reportedly setting up a family office in Singapore, adding another major win for the Southeast Asian wealth hub.
Binance has been hit with a hack that resulted in the theft of around $100 million of tokens issued by the crypto giant.
Amid concerns about its financial health, Switzerland’s most troubled lender has announced offers to repurchase debt securities totalling billions of dollars.
Talent outflows persist at Switzerland's second-largest lender, this time with the reported departure of a senior mergers and acquisitions banker.
Pictet Wealth Management has relocated a Geneva-based strategist to be its new chief investment officer for Asia.
Switzerland's most troubled lender is reportedly trying to find external funds to finance the spinoff of its advisory and investment banking business.
The Swiss National Bank has broken its silence over the nation's most troubled lender.
Thailand’s second-largest lender Kasikornbank is reportedly on an overseas hiring spree to fuel growth amid a slowdown in its home market.
South Korean authorities are reportedly set to make good on their plan to revoke Terra co-founder Do Kwon’s passport, in the latest development for the fallen crypto entrepreneur.
The possible sale of the business in Canada shows it is simply taking a piecemeal approach to the demands of its largest investor, a finews.asia analysis shows.
Citi has announced the appointment of a new chief financial officer for Asia Pacific, finews.asia has learned.
LA-headquartered asset manager Capital Group has expanded its intermediary business in Southeast Asia with a new hire.
Swiss pure-play Lombard Odier has signed a multi-year partnership for financial research focused on a transition to a circular economy.
Switzerland’s largest bank gets fined in the US for violation of short-selling regulations.
More than half of family offices in Hong Kong and Singapore are interested in adding exposure to cryptocurrencies, according to a Cerulli study, in a further sign of digital asset demand amongst the ultra-rich.
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