Major international audit consultancy indicates the hub is intended to enhance collaboration between finance and non-finance.
Credit Suisse inks two agreements to sell its global trust business. Credit Suisse employees transferring to one of the new firms. No transaction amount was specified.
Swiss private bank Pictet is undergoing changes in its eight-member board of partners, finews.asia learned.
Russia’s central bank reportedly agrees with the legalization of crypto use for payments, possibly paving the way for cross-border settlements to withstand Western sanctions.
HSBC Asset Management’s alternatives division has completed the recruitment of its senior management team with the latest duo of appointments.
COVID-19 quarantines, testing, contact tracing, and compulsory mask-wearing may become near-permanent given the lack of any visible exit plan.
A former Standard Chartered banker and Citi alumna has rejoined the American lender as its consumer business manager for Hong Kong.
Markus Diethelm has to prove himself by deflecting the continued charges the bank faces from Georgia's former head of state.
US-based bank's Treasury and Trade Solutions unit announces the appointment of a regional head of platforms and data services.
Former Georgia Prime Minister Bidzina Ivanishvili stood trial and accused Credit Suisse of failing to prevent hundreds of millions of dollars in losses.
Singapore is looking to boost its talent pool by targeting global «rainmakers» across various fields with its new long-term visa.
Credit Suisse is expanding its existing operations in Qatar and establishing a technology center in the Emirate as part of its expansion plan for the region.
Authorities in Hong Kong will look to address the city’s talent gap for fintech and ESG-related professionals with new subsidies and looser immigration rules.
The outlook is gloomy for Hong Kong’s property market – a staple leader of least affordable housing worldwide – with various headwinds including rising interest rates and ongoing emigration.
Hong Kong’s health minister Lo Chung-mau slammed media reports claiming that the government was internally divided over reopening, casting doubts over the upcoming banking summit in November.
Credit Suisse which has seen a wave of departures, is facing at least two more in Hong Kong as two senior private bankers have tendered their resignation.
HSBC has reportedly laid off more than 20 workers in the Axa Singapore unit it bought last year as part of a post-acquisition retrenchment exercise.
Singapore-based exchange Crypto.com is reportedly pursuing an Australian woman over mistakenly refunded digital assets that total more than $7 million.
UK insurer Prudential has announced the appointment of a group chief investment officer.
The planned takeover of US online wealth manager Wealthfront collapses. It is a bitter setback for CEO and digital aficionado Ralph Hamers.
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