Standard Chartered’s profits fell year-on-year in the second quarter but still beat analyst forecasts, leading to an announcement of a share buyback.
Like other financial institutions, Vontobel was also affected by the poor stock market performance in the first half of 2022. Undaunted, CEO Zeno Staub is searching out acquisitions.
Chinese tech billionaire Jack Ma is reportedly planning to give up control of Ant Group, marking a potentially landmark development for the fintech giant following its canceled IPO in late 2020.
UOB recorded a profit increase in the second quarter of 2022, fuelled by improved income from higher interest rates.
Greensill, the cause of so many headaches for Credit Suisse, is now being sued by hundreds of its former employees for wrongful dismissal.
UBS will pay a fine to the SEC to settle allegations it failed to properly implement identity theft measures. JP Morgan was also involved.
The United Nations Human Rights Committee called on Hong Kong to repeal the controversial national security law enacted in June 2020.
DBS chief executive Piyush Gupta reportedly spoke out about the moral issues within sustainable finance, such as the trade-off between climate change action and immediate socioeconomic needs.
From 2023 onwards, managers of retail ESG funds in Singapore will be required to make detailed disclosures as part of the city-state's ongoing efforts to tackle greenwashing.
Vontobel's first half results were below last year's record result, but its wealth management unit was steady in a tumultuous market.
Next quarter, Credit Suisse will unveil the progress of its latest strategic review that includes the goal of lowering its overall cost base.
Binance founder Zhao Changpeng has reportedly sued a Hong Kong-listed company that publishes a Bloomberg magazine’s Chinese language edition over defamatory statements.
Can two managers who have never distinguished themselves through outstanding leadership rescue Credit Suisse from its biggest crisis in 166 years?
Julius Baer has made several changes to the leadership of its India wealth management business, finews.asia has learned.
Many will be unfazed by the announcement of a new strategic review and cost cuts given the Swiss bank’s track record. finews.asia analyses the numbers.
Credit Suisse announced a new CEO along with its dismal second-quarter results. He will spearhead a strategy review for the group which aims to put the bank back on a sustainable course.
The US Securities and Exchange Commission is probing crypto giant Coinbase for digital assets traded by users which might have had to be registered as securities.
Natixis Corporate & Investment Banking has announced the appointment of a head of telecom and technology for Asia Pacific.
What Credit Suisse has billed as a transition year looks to be turning into another «annus horribilis» as it posts a massive second-quarter loss. The bank is pinning its fortunes on a new CEO to turn things around.
Profits and assets under management trended lower for troubled Swiss giant Credit Suisse, though the bank saw improvements in new money.
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