HSBC is reportedly prepared to defend against Ping An’s proposal to break up the bank, with plans to announce a further acceleration of its strategy to shift resources to Asia.
Global banks believe that crypto markets have yet to bottom out with more pain to be felt later this year. Nonetheless, adoption by major players in the industry continues to be on the rise.
After the sale of Credit Suisse’s Zurich headquarters to the city of Zurich fell through, the buildings could go to South Korean companies.
Japan’s Sumitomo Mitsui Banking Corporation has appointed a new head of environmental, social and governance solutions for the region.
Citigroup recorded flat growth in income for the second quarter in Asia, with challenges such as headwinds from wealth management fees.
The deep impact of Covid-19 has prompted many of the city’s expatriates to leave. In a finews.first analysis, Christine Houston looks at how the professional community can recover.
US Securities and Exchange Commission chair Gary Gensler expressed doubts about reaching a deal to access the audit reports of Chinese companies, in an ongoing negotiation to prevent mass delistings.
HSBC will collaborate with financial software firm Finastra to offer FX services to mid-tier banks via an API-driven solution.
Mainland second-quarter GDP slows to 0.4 percent, reflecting geopolitical challenges and extensive, country-wide COVID-19 lockdowns.
Credit Suisse chairman Axel Lehmann believes the bank will remain independent despite acquisition rumors, but he knows it needs to show progress.
Mainland Chinese authorities reportedly held an emergency meeting to address concerns regarding a growing refusal by clients to make mortgage payments on stalled projects.
Barclays is the latest foreign bank to reportedly plan an expansion into the mainland asset management industry although it still needs to find a partner.
Banks in the Asia Pacific region could improve their resilience by selling their insurance units, according to an S&P report, underlining tighter regulations as a hurdle.
UBS Global Wealth Management has hired a hedge fund specialist formerly from Goldman Sachs, finews.asia has learned.
The highest US inflation read since the 1980s forces the monetary authority to defend its peg to the American currency.
The MAS indicates it will continue to tighten policy to slow inflation and ensure price stability in the medium term.
Singapore state-owned investor Temasek cut allocations to Chinese markets over the past 12 months, which previously represented the highest portfolio weighting, in the midst of concerns about slowing growth.
LexisNexis examines findings from the first wave of sanctions against Russia and finews.asia takes a closer look at the key ones.
Manulife Investment Management has appointed a deputy chief investment officer to its timberland investment business in the Asia Pacific region.
Another one bites the dust, this time with New Jersey-based crypto lender Celsius Network filing for bankruptcy.
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