Swiss prosecutors have delivered an indictment against Credit Suisse over its alleged failure to take the necessary steps to prevent money laundering linked to Bulgaria’s Evelin Banev.
Edinburgh-headquartered asset manager abrdn has named a new head of institutional clients for Asia Pacific.
Asia Pacific is the most active and dynamic region for real-time payments globally, driving its adoption across the world, said the managing director, Asia, of payments systems company ACI Worldwide.
We anticipate inflationary pressures and interest rates to rise as Asian economies recover. This could lead to higher demand for portfolio risk management solutions and access to growing Asian markets, the Singapore Exchange announced on Friday.
In recent months, we have been hearing a lot of news on a topic that has been characterized by a long silence for decades, Lars Jaeger writes in an essay on finews.first.
The launch of an additional business solutions center is expected to create 200 jobs and advance Qatar's financial digitalization.
A bridge too far? In Rotterdam, a bridge is set to be demolished so that Amazon founder Jeff Bezos' ship superyacht has free passage.
Troubled bad asset manager China Huarong Asset Management continues to raise new funds, this time through the sale of its majority stake in its securities brokerage unit.
The Monetary Authority of Singapore is developing a framework for «equitable sharing of losses» due to financial scams, in the midst of increasing cybersecurity risks.
Tikehau Capital reported Thursday its assets under management (AUM) climbed 20.1 percent in 2021 to €34.3 billion ($39.34 billion), exceeding its target of €33.5 billion.
Mergers and acquisitions in mainland China and Hong Kong broke records last year with the highest number of deals since 2006, according to financial data provider Mergermarket.
Mirabaud Asset Management (MAM) has tapped Jan Widmer to join its Swiss equities team as a portfolio manager, the European asset manager said in a press release Thursday.
Westpac has hired an ex-Fannie Mae executive as its chief risk officer, as part of broader plans for «risk transformation» following multiple years of compliance issues.
Bankers at Goldman Sachs came closest to a 100-hour workweek, while their Swiss colleagues clocked fewer hours last year.
Following strong results from UBS, Zurich-based private bank Julius Baer reported record profits. But the outlook for the future is far less uplifting for the industry.
The deal, which was via Allianz Global Investors’ wholly owned subsidiary, Allianz Global Investors Asia Pacific, was originally announced in July 2021.
Reported loan growth came in stronger than expected in 2021, reaching pre-Covid levels and beating analysts’ expectations despite a hard-hit economy.
A team at Credit Suisse which served wealthy Saudis for years is leaving. The private bankers are moving to a foreign bank in Geneva.
António Horta-Osório is fined for breaching COVID rules while chairman of Switzerland's second-biggest bank.
The Swiss private bank posted its biggest profit in history last year. Shareholders are in for a significantly higher dividend.
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