The top executives from six major cryptocurrency firms testified before Congress, urging for clearer rules but warned against overregulation in the nascent digital asset industry.
The Swiss bank's overseer apologized for violating Switzerland's COVID rules, saying he had done so unknowingly.
The fintech-as-a-service provider is expanding Greater China coverage, and offering company incorporation, business accounts, credit cards, and payments services from a single platform.
Najib Razak is headed to Malaysia’s top tribunal after failing in the latest appeal to overturn a guilty verdict against the ex-prime minister’s alleged role in the 1MDB scandal.
Zurich-headquartered Julius Baer has bolstered its products unit in Hong Kong with the appointment of a new head of fund specialists in Hong Kong.
Australian authorities will revamp the regulatory landscape for digital payments, broadening its remit on online transaction providers, cryptocurrency exchanges and the possible creation of a central bank digital currency.
Citi will tap into API Exchange's (APIX) global ecosystem of fintech firms to swiftly identify solution partnerships and test them in a cloud-based sandbox before implementation.
Citigroup has reportedly selected its preferred bidders for its consumer banking assets in Asia, has part of its broader plans announced earlier this year to exit retail markets where it lacks scale.
Fears of property-linked debt defaults are on the rise again this week as major developers in China issued warnings about the poor outlook and reportedly missed coupon payments.
Binance Asia Services, which operates Binance's Singapore entity, has taken an 18-percent stake in Hg Exchange (HGX), a Singapore-based private securities exchange.
His comments come as India prepares to introduce a new bill in parliament to regulate the crypto sector.
A digital asset venture fund has made its first investment, into Singapore's Coinhako.
Hong Kong-headquartered virtual lender WeLab has acquired Indonesia’s PT Bank Jasa Jakarta as part of broader expansion plans across Asia.
PhillipCapital's derivatives broking arm in Malaysia has entered into a business sale and purchase agreement with Alliance Investment Bank to purchase its stockbroking business.
Swiss financial giant UBS is the latest bank to announce reimbursement plans for employees from Hong Kong’s strict 21-day quarantine for travelers.
The U.K.-headquartered fintech has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).
China Evergrande has set up a risk management committee in the hopes of containing any future fallout at the debt-laden developer.
AXA Investment Managers has added a duo to its institutional sales team in Asia as part of its ongoing expansion in the region.
The wealth management arm of the Royal Bank of Canada (RBC) has made two senior appointments in Hong Kong, while hiring three new private bankers to support its growing client base and ambitions in the region.
The Swiss bank’s board is poised to anoint the return of a veteran as the new head of private banking. finews.asia reports on the unexpected detour.
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