Credit Suisse is reportedly sounding out investors to potentially raise new capital in a move that could be difficult to avoid.
Singapore’s position as a financial hub rose to outrank Hong Kong in part due to the latter’s Covid-linked travel curbs, according to an index by China Development Institute and Z/Yen Partners.
A top investment banker at Rothschild is reportedly relocating to Dubai to capture opportunities from the growing Middle Eastern IPO market.
Numerous renowned figures in Hong Kong paid their respects to HSBC’s first Chinese executive director Vincent Cheng at his funeral.
Credit Suisse is said to be considering dividing up its investment bank into three parts and creating a «bad bank». By doing so it hopes to avoid a capital increase.
Pressure stiffens on the currency peg after the US rate hike, and stocks fall to lows not seen for more than a decade.
CEOs of the three largest banks confirmed that they would be willing to exit the Chinese market should Washington issue such instructions in the event of an attack on Taiwan, in line with its actions during the Russia-Ukraine conflict.
Nomura has incorporated a crypto subsidiary in Switzerland and shifted a senior executive there to lead the unit.
There is no shortage of Swiss banking sustainability initiatives. But now with the «Progress Report», local private banks created a common element connecting them to the topic and beyond.
In an international comparison of the digital presence of private banks, two Swiss institutions make the podium. But in many cases, retail banks are further ahead than the actual top dogs.
The mortgage boycott in mainland China over the ongoing property crisis shows no signs of stopping, with online data highlighting its spread.
C Ventures, backed by third-generation tycoon Adrian Cheng, has rebranded and launched two funds, including one focused on digital assets.
A treasury official believes crucial emerging market debt relief is being unnecessarily delayed, with Belt and Road-type deals opaque and not transparent.
The former head of UOB Private Bank joins Indosuez Wealth Management to cover the Southeast Asia market.
Julius Baer establishes a strategic partnership with GROW investment group, as its first step into the onshore market in China.
UBS's wealth management co-head Iqbal Khan said the Swiss private bank is experiencing a turnaround with expectations of positive asset flows for the third quarter.
As many as 30 bankers have left Goldman Sachs in Asia, finews.asia has learned, as part of a global exercise to trim workers.
JPMorgan has reportedly appointed a 25-year veteran as its senior country officer for Singapore.
Former Chicago Bulls and Croatian national team basketball legend Toni Kukoc is suing EFG International for $11 million, alleging fraud in a hotel deal gone bad.
Private wealth grew strongly in 2021, but so far this year has been a challenging one. Even so, the number of millionaires will increase sharply within the next few years, says Credit Suisse.
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