Global insurance broker IPG Howden announces a new chief executive officer for Asia.
Anyone passionate about the world of cryptocurrencies will find themselves freezing in the so-called crypto winter after the recent and dramatic fall in the value of the misnamed digital currencies, Manuel Romera Robles writes in his essay for finews.first.
Swiss private banking has climbed down from last year’s record highs. This week's results from Julius Baer, UBS, Credit Suisse and Vontobel could confirm future trends.
The Luna fiasco continues to unfold with the latest raid by South Korean authorities of local crypto exchanges and offices.
Decisions by the European Central Bank and the SNB, prompt Julius Baer to lift negative rates for certain client deposits.
A longtime Credit Suisse banker who later moved to UBS joins Swiss private bank EFG International as head of legal and compliance.
In central China, a crisis is brewing with growing worries from property-linked loans, angry depositors in the nation’s biggest bank scam and a viral video showing tanks being deployed on the streets.
A 20-year veteran at BNP Paribas Securities Services has been appointed as its head of Southeast Asia.
BNY Mellon has formed an advisory council to support the US financial giant’s growth plans in the Asia Pacific region.
HSBC has agreed to sell its Russian unit to Moscow-based Expobank in hopes that the deal will not be blocked by local authorities over a new policy to prevent the sales of foreign banks’ businesses.
A court in Moscow is seeking to pry a large sum of money from Credit Suisse, leaving the bank caught between the fronts of Russia and the USA.
Chinese Communist Party representatives have likely always been in place at all key banks, including Swiss ones. The question now is whether they need full committees.
HSBC responded to reports about the formation of a Chinese Communist Party committee within its investment banking arm, noting that the bank does not track employees’ political affiliations nor do such groups have no business influence.
Electric vehicle giant Tesla has released nearly $1 billion of bitcoin into the market amid ongoing crypto turbulence but CEO Elon Musk said not to view the move as a verdict on the token.
EFG International saw net profits in the first half of 2022 surge, fuelled by the rising interest rate environment.
Swiss-based structured products provider says unprecedented market conditions drove strong performance in the first half.
BNP Paribas Wealth Management is positive on the Chinese market but it remains cautious on the internet sector, preferring to take a wait-and-see approach with regard to the regulatory landscape.
A former BNY Mellon executive has relocated from Boston to Singapore to join Prudential’s investment management arm for Asia, Eastspring Investments, to lead intermediary sales in the region.
China’s real estate crisis continues to escalate with suppliers to property developers reportedly joining the boycott to refuse loan payments.
Zurich-based Credit Suisse is transferring some clients to a local wealth manager as it streamlines its business in the region.
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