Prosecutors in South Korea are reportedly searching the offices of HSBC and BNP Paribas following fines over illegal short-selling.
UBS has internally named a new head to lead private credit and structured lending for Southeast Asia.
US-based investment research firm fires a broadside against Temenos, prompting the shares of the software specialist to plunge.
For the most part, funds that utilize artificial intelligence lag behind investment products managed by humans, as shown by a new comparison. However, asset managers should not be lulled into a false sense of security.
Updated GDP forecasts show the gambling hub’s growth outpacing the rest of the world, as the rest of Asia continues to pack a decent punch despite the continued economic and market malaise in China.
Korean fund house Mirae Asset Global Investments has formed a tie-up with Bloomberg to collaborate in data and technology.
The private bank made intense efforts to hire staff last year, finding many at now collapsed Credit Suisse. This year's focus will be on integrating them despite the headwinds it sees on several fronts, senior managing partner Hubert Keller tells finews.asia.
Sydney-headquartered insurer QBE has announced the appointment of a new CEO for Asia.
Investor confidence in China remains dented with many hoping for more stimulus to trigger a rebound. «Unorthodox measures» to support the market should not be ruled out, according to UBS.
Lacking confidence is currently China’s biggest problem, according to Standard Chartered CEO Bill Winters who noted that the longer term outlook was nonetheless positive as the country transitions to a new economic model.
Henley & Partners has published new research detailing the top places for relocation and family wealth based on various factors, including education and earning potential.
Swiss banking giant UBS has promoted dozens of employees to the coveted rank of managing director. Former Credit Suisse bankers also got their chance in the official round.
The founders of Tencent and ByteDance experienced a significant drop in wealth at the start of 2024 while Indonesia’s Pangestu saw his net worth climb almost 1000 percent.
Australia’s ANZ is reportedly planning to offload jobs and leverage tech for automation. A worker's union called out the bank for axing roles after a profitable year.
Financial research firm Morningstar has announced the appointment of a managing director for Southeast Asia.
Mizuho Bank will acquire a minority stake in the company which will continue to be owned by the Credit Saison Group.
The chairman of the Swiss National Bank has already been encouraging Swiss savers to change banks for some time. Now a study has shown that Thomas Jordan’s advice is worth billions.
The US commercial real estate market is causing turmoil for US banks. Rainer Skierka, an experienced banking analyst, tells finews.com how he assesses the risk of contagion for the financial sector.
Chinese authorities have been rolling out a series of measures to boost market confidence. Global banks voice out their views on whether or not this will trigger a sustained rebound.
Hong Kong-based digital asset custodian Hex Trust has added former bankers from Goldman Sachs and J.P. Morgan to its advisory board.
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