Mitsubishi UFJ Financial Group (MUFG) is exploring the sale of MUFG Union Bank, about 13 years after it acquired the West Coast lender for $3.5 billion.
With China Evergrande increasingly likely to miss upcoming bond payments, markets have shifted focus from default risk to contagion risk. What say the banks? finews.asia takes a look.
The appointment will enable the firm’s institutional sales team to deepen its channel focus as the firm diversifies its business in the institutional market.
New research shows that affluent investors demand bespoke portfolios, AI-enhanced performance modeling and interactive presentations. Can this be done at scale?
Chicago-headquartered asset manager Nuveen has hired a former executive from Fullerton Asset Management to bolster its business in Southeast Asia.
DBS continues to add tech talent with plans to hire around 150 related positions via a virtual hackathon.
A potential candidate's rejection complicates the Swiss bank’s search to replace long-standing chairman Axel Weber. finews.asia lifts the veil on others under consideration.
Greenwashing is a problem for the whole financial industry, warns Mike Judith in his essay for finews.first. ESG marketing is in full swing, leaving consumers in the green fog.
Several of China’s largest banks that issued loans to Evergrande are now reportedly considering taking on loan loss provisions and rolling over near-term obligations.
The troubled Chinese real estate developer is expected to miss interest payments this week on a first U.S. dollar bond, although European bank exposures appear manageable.
Natixis Corporate & Investment Banking is the latest financier to bolster its Asia capabilities in sustainability with new appointments.
Hong Kong-based crypto trading platform and unicorn startup Amber has hired former executives from Goldman Sachs and Morgan Stanley.
With more homegrown companies doing well on the global stage, the country wants to broaden its proposition as a financing hub and attract more high-growth enterprises to list in the city-state.
As Singapore gears up to become an electric vehicle (EV) city, UOB is launching a financing solution to support the transition, the bank announced on Thursday in a statement.
Discontent from retail investors in Evergrande is reportedly escalating with the latest hostage situation where the troubled property giant’s employees have been held captive in a management office.
UBS's $10 billion China Opportunity fund caught in the downdraft of the country's harsh tech crackdown.
DBS’ private banking arm is seeing strong client demand for in-house managed investment products, with assets under management for such products hitting the S$10 billion($7.43 billion) mark.
Citi bolsters its sustainable finance capabilities with a new appointment focused on investment banking in Asia.
Credit Suisse has reshuffled several senior positions within its Asia Pacific investment banking unit with internal appointments and new additions, according to an internal memo seen by finews.asia.
The Swiss-based banking software provider's new managing director for South Asia and Australia spoke to finews.asia about the region’s growing prominence in Avaloq's growth strategy.
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