The Malaysian government is seeking billions of dollars in damages from KPMG partners as part of an ongoing pursuit to recover 1MDB-linked funds.
S&P Dow Jones and FTSE Russell will remove more listed Chinese companies from its indices in compliance with an updated U.S. executive order to ban investments in military-linked stocks.
Risk management has been at the heart of Credit Suisse's recent travails, and now a new position has been created at the investment bank which a former trader will take up.
A former fixed income head at Credit Suisse’s private banking arm in Singapore has joined a boutique wealth manager in the city-state.
Saxo Markets has hired a former fintech chief executive to lead the delivery of its asset management offering in the region.
A bleak future has been prophesied for Swiss private banks for years because of their antiquated business model, but a barely noticed metric tells another story.
Beijing continues to express negative sentiments about cryptocurrencies, in the midst of a nationwide crackdown, this time with the central bank calling out stablecoins as a source of instability.
Red flags were reportedly raised early at multiple banks in Singapore before the city-state’s largest suspected investment fraud reached media headlines.
Brady Dougan clinched a $3 million investment from a company headed by a former Credit Suisse investment banker for his new venture. It is part of what is poised to be as much as $200 million in fresh funding for the ex-Swiss bank CEO.
Why is the financial industry having such a hard time utilizing new digital channels? In an essay on finews.first, Birte Orth-Freese provides some explanations.
Citi Private Bank has named a new global market head for China based in Singapore, finews.asia has learned.
Singapore-headquartered digital wealth platform Endowus surpassed $1 billion in assets under management in less than two years since its launch.
A senior official from China’s central bank said that Jack Ma’s Ant Group was not singled out for monopolistic behavior, adding that other payment platforms could face the same fate.
Crypto-linked spending on Visa cards topped $1 billion despite continued doubts about cryptocurrencies as a means of payment.
Maybank’s former head of private wealth has reemerged at a rival Southeast Asian private bank, finews.asia has learned.
Singapore’s OCBC has created more than 50 sustainability-related jobs over the last two years as part of a broader plan to internally promote the space.
Citi has hired a former investment banker from Malaysia’s CIMB to lead tech, media and telecoms for the ASEAN region, finews.asia has learned.
The global asset management industry has enjoyed unprecedented growth over the last two years, but there is a fly in the ointment which will not be that easy to remove.
Chinese tech firms saw nearly $100 billion of value erased this week after markets were blindsided by a Didi cybersecurity probe and a subsequent crackdown on overseas listings. finews.asia reviews its unraveling and imminent pressures for the financial sector.
Commerzbank has appointed a new Asia head of capital markets and advisory, based in Singapore.
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