Around a thousand shareholders gathered at the informal meeting in Hong Kong yesterday to hear HSBC deliver its group strategy update and respond to investor queries about its decision to reject Ping An’s breakup proposal.
The three Swiss blue-chip private banks delivered figures pointing to some challenges in their operations. How do UBS, Credit Suisse, and Julius Baer stack up when it comes to ESG?
OCBC recorded a robust increase in net profit for the second quarter, driven by a record performance from lending income.
Singapore-headquartered Sparrow has obtained a license to provide digital payment token services in the city-state.
The accounting regulator for public companies in the US said that it will not settle for less than «complete access» to audit papers, in yet another sign that Chinese firms listed in the country may have to face full compliance or delisting.
Last week Credit Suisse announced a new CEO along with terrible second-quarter results. He starts his first day in his new job seeing his institution downgraded.
HSBC is scheduled for an informal meeting with shareholders in Hong Kong today for an update on its group strategy. finews.asia reviews the various points of contention, including Ping An’s breakup proposal.
Bank of Singapore has hired an industry veteran from Standard Chartered to bolster its product capabilities in Hong Kong.
Indosuez Wealth Management has expanded its front office in Asia with the appointment of four new relationship managers.
Lobby group Hong Kong Investment Fund Association is readying a proposal for the local government that includes the consideration of quarantine-free travel, underlining that this is «a basic prerequisite» of a global financial hub.
Citi has announced the completed sale of its Philippines consumer business to local lender Unionbank.
China’s property crisis continues to unfold with estimations that local banks could potentially suffer from multi-billion dollar mortgage losses.
HSBC reported a strong increase in profit for the second quarter, driven primarily by a gain from a deferred tax asset.
UBS has named a new head for its Hong Kong asset management unit, finews.asia has learned, succeeding Adolfo Oliete who will relocate to London.
A Hong Kong politician has spoken out in support of Ping An’s breakup proposal, urging the British lender to add an executive from the Chinese insurance giant to its board.
DBS has announced the appointment of a longstanding banker as the president director of its Indonesia franchise.
Crisis seems to be everywhere right now, except in sunny, old-fashioned Switzerland. The stoic nonchalance of the Swiss seems to be proving its worth another time, says Fabian Käslin in a piece for finews.first.
Yet another crypto firm is facing the music, this time Singapore-based Zipmex which has filed for bankruptcy protection in the city-state.
Chinese global depository receipts made their debut on the Zurich-based SIX Swiss Exchange, marking a landmark trading link between the two countries.
Standard Chartered posted record-high first half income for its business in China, which it called one of the group’s «biggest strategic opportunities over the coming years».
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