Citi has seen strong demand in Asia for fixed income with its wealth management clients in the region investing close to $5 billion in bonds over the last three months.
US prosecutors accused fallen family office Archegos of misleading banks about risks immediately before its collapse in early 2021, as part of legal claims to which founder Bill Hwang has pleaded not guilty.
A successor to Credit Suisse's chief financial officer David Mathers has been announced alongside a reshuffling of its top managers.
Billionaire tycoon Xiao Jianhua, reportedly abducted by Chinese security agents in 2017, has been sentenced to prison, and his conglomerate given an unprecedented $8 billion fine.
HSBC will become the first international bank to open a Lingang branch as a way of promoting cross-border trade.
Most of Credit Suisse’s investment banking division could reportedly be put on sale or spun off as the Swiss lender aims to create a «capital-light» unit.
A settlement is near in the US involving banks' illegal use of personal messenger apps. Those banks involved, including UBS, are facing fines of up to $200 million each, according to media reports.
Credit Suisse hires a 26-year industry veteran to head its Australia infrastructure unit.
Boris Collardi has taken an $80 million stake in Swiss private bank EFG. He didn't do that just to keep the status quo.
The banking industry has specific idiosyncrasies that make it tough for them to manage their reputation, writes Lukas Zihlmann in a piece for finews.first.
More attempts to stabilize the Chinese real estate market are underway with the banking regulator reportedly launching a detailed investigation into property-linked risks on balance sheets.
Hodlnaut has disclosed that there are ongoing proceedings between the firm and the Singapore police, while also announcing mass layoffs at the troubled crypto lender.
Some may view him as an auditing pioneer and investment banking legend. Others call him a marketer lacking substance and a fraudster. Few will describe him as plain. finews.asia takes a look at the life and times of AMTD Group chair Calvin Choi.
Financial hub Singapore is projected to lead Asia Pacific as the market with the highest proportion of millionaires by 2030, according to a recent HSBC report.
A US fintech founded by an ex-Credit Suisse managing director is suing the Swiss bank for hundreds of millions of dollars in New York.
The underwriter of AMTD Digital, which saw its stock price surge over 32,000 percent following its IPO, was reportedly probed by Hong Kong’s Securities and Futures Commission.
ING has announced the appointment of an ex-ANZ executive to lead its wholesale banking unit in Australia.
Singapore-based exchange Crypto.com has announced the appointment of a general manager for its home market.
UBS Global Wealth Management has established a dedicated team to mass millionaires in the region and unveiled its ambition to double the number of clients in the segment for the Greater China market.
HSBC has internally announced the appointment of a new head of global banking for the Middle East, North Africa and Turkey.
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