Credit Suisse said it closed the account of Chinese dissident artist Ai Weiwei’s account due to missing paperwork, in a response to earlier accusations that it had done so to win business in the mainland.
The Swiss bank plans to unveil a new bonus model next year. This follows outsize risk-taking from several units, leading to a painful scandal and huge losses.
The Swiss bank’s reveal of new strategy without clarity on who will push it through prolongs a period of uncertainty – including for CEO Thomas Gottstein.
The 6th annual Singapore Fintech Festival has launched today, kicking off the one-week event that will focus on financial services and third generation internet services Web 3.0.
In a sign of things to come – and where they might come from – Goldman Sachs’ 2021 managing director list featured the American bank’s tech office in India.
As of January 2022, Credit Suisse’s Asia Pacific business will no longer be a standalone unit following organizational restructuring at the bank. Without the full autonomy to make local decisions, what will this mean for cross-divisional collaboration in the...
The Swiss bank is aiming to simplify and improve its business with a new matrix structure, which reinforces cross-divisional collaboration and management oversight.
Instead of a decisive coup, the Swiss bank's new strategy is simply shifting emphasis from one area to another. The outcome is uncertain but the journey there is certain to be a grueling marathon, finews.asia writes.
The Asia Pacific unit of Allianz has named a new chief executive officer to succeed Solman Altin, who has decided to leave the firm after first joining 13 years ago.
An improved credit environment coupled with lower allowances enabled DBS to post a surge in third quarter profits.
The Swiss giant UBS is doing away with an elite cadre of uber-managing directors. This means an effective demotion for more than 100 of UBS' top bankers.
The European Chamber of Commerce in Hong Kong recently reiterated its concerns about the outlook for the city as a business hub, underlining a «lack of certainties» as the key concern.
The Swiss bank is rolling its business with wealthy clients into one unit and strengthening it at the expense of its investment bank.
Asia Pacific profits at Credit Suisse inched higher in the third quarter despite ongoing China market turbulence and dented investor sentiment in the region.
The Swiss bank flagged a fourth-quarter loss on the back of a major write-down it plans to take for a 21-year-old acquisition.
Broad-based growth across private and investment banking alongside reduced credit loss provisions drove Credit Suisse’s profits higher in the third quarter.
After years of success capitalizing on Asia’s booming growth and autonomous management in the region, Credit Suisse is due to present a strategy update that is widely expected to include a sweeping overhaul with more centralization and less local decision-making in the...
Authorities from Hong Kong and China are reportedly nearing a final decision on travel resumption, despite a fresh outbreak on the mainland.
New York-headquartered fund house VanEck expands in Singapore with the hire of a new marketing manager.
The bank is setting aside more funds to bolster infrastructure, talent and technology to deliver hyper-personalized experiences to better serve wealth and retail customers.
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