Revelations in a U.K. television documentary on the collapse of supply-chain financier Greensill Capital show Credit Suisse may struggle to recover some of the money owed to investors in the Swiss bank’s supply chain funds.
OCBC’s deputy president will retire after 22 years with the Singaporean bank.
The sector hit a three year high in its deal numbers for the first half of 2021, though total deal value is shrinking.
The sector has attracted record levels of investment this year as fintechs and financial institutions increasingly become equals. Levels also recover in Asia but still trail other regions.
Chinese bond market markets are «simply too large to ignore», said VP Bank's Thomas Rupf in an interview with finews.asia, adding that regulatory tightening across sectors and the ongoing pandemic are unlikely to derail the outlook.
UBS and Sumitomo Mitsui Trust further their two-year alliance with the latest launch of a wealth management joint venture in Japan.
Fintech themes, including digital payments, online payments, and robo-advice boosted deals in the banking and payments sector in the second quarter of the year.
He was most recently based in Singapore for JPMAM, where he was Asia Pacific deputy chief administrative officer, responsible for the firm’s operations and business execution across the region.
Hong Kong Exchange and Clearing’s former IPO vetting co-head is facing accusations of receiving cash and favors in return for stock listing approvals.
The Swiss bank's money management unit is replacing its head of equities. The appointment follows a high-profile departure after a $10.1 billion line of supply chain funds imploded.
The Swiss bank is poaching from a key U.S. rival to bolster its business with wealthy Black, Hispanic, and Asian investors in the U.S.
Once the most vocal bitcoin basher, J.P. Morgan is now reportedly pitching funds invested in the cryptocurrency to its private banking clients.
The American banking giant has become the first foreign firm to obtain approval from regulators to take full ownership of its mainland China securities unit.
National Australia Bank has agreed to buy Citigroup’s Australian consumer banking unit in a deal valued at nearly $900 million.
Assets under management at HSBC Private Banking climbed higher, driven in part by more than $9 billion of net new inflows in the first half of 2021.
The closing of submission to the Digital Transformation Award is on 12 September 2021.
Fidelity International will further its expansion in mainland China with the latest approval to set up a wholly-owned mutual fund business.
The ETF industry's assets under management continue to grow. This means that providers of passive funds are increasingly obliged to exert influence on their portfolio companies in the interests of shareholders in order to promote responsible action, Ramon Vogt...
The world’s largest crypto exchange Binance said it would no longer allow new users to open futures accounts in Hong Kong, following warnings issued by the city’s regulators.
Standard Chartered is planning to open a «green branch» in Hong Kong as part of its ongoing push for sustainable finance.
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