Fuelled by rising rates, Standard Chartered navigated through a difficult environment to register an increase in first quarter profits and beat market expectations.
Money transfer player Nium has entered a deal to acquire Socash, a platform for turning cash into digital payments.
Archegos founder Bill Hwang pleaded not guilty to a series of charges by U.S. authorities, including fraud and racketeering, after being arrested on Wednesday morning.
Behind the bank’s first-quarter losses are dwindling business units with some only running on half the steam they had a year ago.
Softer markets and an equity slowdown – most notably from China’s property and tech sector – weighed down on Credit Suisse’s first quarter performance in Asia Pacific, sources told finews.asia.
Credit Suisse’s Asia Pacific unit saw assets under management overall slip in the first quarter despite positive net inflows, amid ongoing turbulence from markets in the region.
The year that should have hailed transition at Credit Suisse, looks like it is turning into more of the same as results were worse than expected.
Credit Suisse has announced a series of appointments to its executive board in a widely anticipated senior management overhaul.
Japan’s Sumitomo Mitsui Banking Corporation strengthens its structured finance unit in Asia Pacific with the appointment of a head of mergers and acquisitions advisory.
J.P. Morgan Asset Management appoints a former AllianceBernstein fixed-income investment to its Asia unit.
Credit Suisse is reportedly expected to name a new Asia Pacific chief executive to replace Helman Sitohang, who has held the role since 2015.
The strong first-quarter performance renders them outdated – a month after they were revised.
While investors in Asia – such as Hongkongers – are relatively late to the world of sustainable investing, they could benefit from more mature regulations such as better anti-greenwashing rules, according to Pictet Asset Management.
HSBC’s profit in Asia fell more than a quarter in the first three months of 2022 as stringent Covid restrictions limited activities in the region.
Profits and assets under management took a major beating at UBS’ Asia Pacific wealth business in the first quarter of 2022, reflecting significant de-risking in the region.
Switzerland’s largest bank UBS has so far weathered multiple first quarter headwinds, turning its best quarterly net profit in over a decade.
Profits at HSBC fell in the first quarter due partly to higher expected credit losses from the ongoing Russia-Ukraine war.
Singapore banks’ first-quarter results appear set to show a tug-of-war between higher interest rates and global market turmoil.
Norway's sovereign wealth fund joins calls for a special audit into Credit Suisse.
J.P. Morgan has moved into a new Swiss headquarters in the heart of Geneva's banking district at a time when other banks are leaving the city by the Rhone.
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