Singapore’s central bank has set up its first use case for an artificial intelligence (AI) program to combat greenwashing: real estate.
Binance founder Zhao Changpeng called the Terra project «very mismanaged», adding that the incident has led the firm to apply more scrutiny on operational risk for future listings.
Japanese megabank Sumitomo Mitsui Financial Group (SMFG) is holding advanced talks to acquire a 10 percent stake in SBI Holdings, «Nikkei» reported Tuesday.
A pair of investment bankers from HSBC’s financial institutions group has reportedly left, adding to the industry’s rising turnover.
The estimates of the losses suffered by a Georgian billionaire in a Bermuda fraud case have now been more precisely quantified.
Countless Russians have wanted to leave their home country since the invasion of Ukraine. Those already abroad face potential sanctions.
Tidjane Thiam's spac is in talks to merge with a life sciences company aiming to prolong life and founded by a pioneering scientist.
The international media mourn a floating seafood eatery that most who live in the city have never even been to.
China’s top office in Hong Kong unveiled its wish list for the city, underlining international competitiveness as one of the desired goals for the incoming chief executive.
A Morgan Stanley wealth management executive has reportedly won a legal battle to keep a luxury condo that was seized from the 1MDB scandal.
A U.K. parliamentarian group has called on Wimbledon to drop HSBC as its sponsor over the bank’s support of the controversial national security law in Hong Kong.
Nomura Holdings has tapped a new head of its investment banking business in Southeast Asia.
National Australia Bank has set up operations in both Vietnam and India to counter a shortage of tech workers, according to an «Australian Financial Review (AFR)» report.
Queensland-government-owned investor QIC has tapped an HSBC veteran for a newly created role for the recently launched multi-sector private debt unit.
Despite reassurances from Washington, global banks are becoming increasingly wary about severe economic risks in the U.S., with a growing number of players calling for a recession.
Partior, a blockchain-based cross-border payments platform, has tapped a former managing director of SWIFT among a slate of new hires.
Hong Kong-based crypto lender Babel Finance has managed to ease some short-term liquidity pressures following a debt agreement reached with counterparties.
LGT Private Banking, owned by the princely family of Liechtenstein, is restructuring its EMEA governance model in response to the firm's growth.
Crypto-focused hedge fund Three Arrows Capital is reportedly exploring options to withstand the recent losses including the possibility of asset sales or a bailout.
The legal proceedings around Germany's Cum-Ex scandal are likely to continue for several years. The public prosecutor's office has targeted another senior manager of HSBC Germany.
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