She will take over the helm from Lee Fook Chiew, who is retiring from the role after leading the institute for nine years as chief executive.
The Swiss bank is quietly extending the duration of required amends for housing securities it sold in the run-up to the financial crisis, raising the original settlement costs substantially.
The month-on-month loan growth of 1.5 percent in June was the fastest since March 2018.
Citi’s wealth management business in Asia Pacific registered a record-high in net new assets during the first half.
The platform has brought on board a trio with expertise in financial platforms, innovation and digital technologies to propel the growth of AFIN and its flagship product, API Exchange (APIX).
Nomura continues its private banking expansion in Asia with the addition of an industry veteran from Bank of Singapore, finews.asia has learned.
Media reports claim that Didi is considering going private to placate Chinese regulators and compensate investors for losses.
After an outside review of more than $5 billion losses with Archegos, the Swiss bank is reportedly weighing legal action against the family office-hedge fund.
Credit Suisse CEO Thomas Gottstein says he intends to learn the lessons of the Archegos and Greensill disasters, but appealed to clients for patience.
Credit Suisse says it will make another repayment to investors in its Greensill supply chain funds, but how much of their total stakes investors will eventually have returned remains unclear.
The reputational damage to Credit Suisse from the Greensill and Archegos debacles has been greater than previously thought and is hitting its top specialism, the bank’s results show.
Deutsche Bank's revenues from serving the wealthy grew in the second quarter and they entrusted Germany's largest bank with more of their assets.
Consumer demand for the precious metal – often viewed as a protector of wealth and a safe haven asset – is picking up across Asean, according to the World Gold Council.
Companies raised 50 percent more funds through the equity capital markets in 2021 compared to the same period in 2019, prior to the Covid-19 pandemic.
The lack of risk escalation led to Credit Suisse's failure to manage Archegos default, not any risk systems or controls.
The Swiss bank's profits shrank amid losses on Archegos, while both its main wealth arm and its Swiss private bank suffered net outflows of money.
Despite a drop in global profits, Credit Suisse’s Asia Pacific unit bucked the trend and posted stellar results in the second quarter.
He takes over from Marcel Omar Papp, who has been in the role since 2018 and will now focus on his responsibilities as Head of Swiss Re Retakaful.
Two Singapore startups will help the payment giant accelerate innovation around digital asset technology.
Credit Suisse is poised to detail its failings after it recorded more than $5 billion in losses on business with family office-hedge fund Archegos, media reports say.
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