Importantly, the mainland securities regulator doesn't appear to be banning institutional short-selling.
The HKMA and the police are instigating efforts to roll out more substantial measures as soon as next week following several large-scale scandals.
Furthering financial inclusion is now a top priority for Bank of Makati and it believes that this goal can now be achieved with the help of data analytics and cloud technology.
London-based HSBC CEO Noel Quinn’s pay almost doubled after reporting record profits for 2023.
Chicago-based real estate firm JLL has formed a sales platform in Singapore to connect Asian clients with Australian property.
The People’s Bank of China increased its reserves faster than anyone else last year. Whether it is due to geopolitics or prudence is anyone’s guess.
The Asia-based asset management arm of Prudential has announced the appointment of a chief investment officer.
Paris-based BNP Paribas has announced the appointment of a 25-year veteran within its global custodian unit.
It’s now getting serious: crypto is becoming a regulated mass business in Switzerland. Post subsidiary Postfinance and crypto bank Sygnum are at the forefront here.
IT consulting firm Adnovum has joined forces with a Swiss artificial intelligence specialist. The partners want to use the technology of the future to transform the financial sector.
Singapore’s UOB registered a record annual profit in 2023 on the back of strong margin expansion for interest income.
The Swiss and Italian business, which falls under the umbrella of the Zurich private bank, made a splash in 2023 with some growth coups. But it now can be seen that the EFG bankers over there have been struggling with outflows.
London-based HSBC has reduced property-linked exposure in China and managed to record lower expected credit losses in the sector.
EFG has been openly admitting to benefiting from talent outflows from fallen Swiss rival Credit Suisse. The Zurich-based private bank highlighted that new hires are already contributing to net new assets for 2023.
EFG reaps the fruits from hiring new bankers with gains in net new assets producing a strong operating performance overall. Despite this, a strong franc keeps the level of AuM tamped down.
HSBC’s wealth and personal banking unit attracted tens of billions of dollars in invested assets, with more than half originating from Asia.
London-headquartered HSBC recorded a surge in annual profits due to the sale and acquisition of businesses as well as income growth.
Despite all the hype about Singapore’s rise as a leading Asian financial hub, bankers in Hong Kong continue to outperform their regional rival in terms of earnings.
Citi CEO Jane Fraser has seen a salary increase in the midst of a major overhaul at the US lender.
The Concord watch brand from Biel normally stands for solid middle class. This fact made its presence at this year’s Grammy Awards all the more glamorous because Taylor Swift wore a vintage Concord watch – around her neck.
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