The Swiss bank's new chairman is demonstratively propping up CEO Thomas Gottstein, but sending a message the embattled lender can do without right now, finews.asia finds.
The Singapore-based neobank has raised a $158 million led by renown VCs and fintech founders.
Bond markets in Asia are more resilient now than in the past, according to TD Securities, with expectations for the containment of the Evergrande crisis and strong positioning in the face of upcoming Fed tightening.
Chinese developer seems to miss a bond payment - although only those with the actual coupons are in the know.
She brings multi-market experience across emerging and mature regions from two decades at Gen Re.
Binance announced a new round of curbs for its Singapore business, restricting crypto trading for users in the city-state.
China is ramping up its cryptocurrency prohibition efforts again with a directive issued by ten institutions last Friday covering a range of activities including offshore transactions and hiring.
DBS group chief executive Piyush Gupta underlined that the bank had no exposure to the China Evergrande, emphasizing that a lot of exposure remains domestic.
Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for «policy assistance».
Huawei’s chief financial officer Meng Wanzhou has been released by Canadian courts and flew home to China last week after reaching an agreement with U.S. prosecutors to end their bank fraud case against her.
The majority of consumers in Asia Pacific are open to switching from traditional lenders to branchless, virtual direct banks, according to a recent survey by Mckinsey & Company.
The Swiss bank's chairman and CEO granted a joint interview, in a bid to demonstrate unity and quell rumors of discord.
Accusations of greenwashing have been growing lately. After targeting the two largest banks and even the Swiss National Bank, activists have been acting mystery shoppers in search of green products, and they have been disappointed. This can be explained, Gregoire...
In 1988, hip hop group Public Enemy warned «don’t believe the hype». It’s a potent sentiment today – particularly in reference to embedded finance, or is it?
The Swiss bank reportedly went «one-bank» on Evergrande as well as its billionaire chairman, while UBS is shouldering bond exposure.
Given his task of saving Credit Suisse, António Horta-Osório is this year’s most important banker, Bilanz says after speaking to the chair about his work at the Swiss lender.
Digital assets are playing an increasingly important role in institutional portfolios through diversification and exposure to technological innovation, Cici Lu from Apollo Capital told finews.asia.
Hong Kong virtual bank Mox has hired a former ING banker as its chief executive.
A former advisor to the Chinese central bank made comments about organizational restructuring at China Evergrande, with plans to split the parent group into four units.
Although Markus Diethelm left an indelible stamp on the «new» post-2008 UBS, he departs with unfinished business.
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