Standard Chartered is seeking to double the size of its affluent banking business with plans to hire or promote 3,000 relationship managers and wealth specialists.
HSBC has opened access to online trading for private banking clients in Asia as part of $100 million of investment in its core banking and digital platforms in the coming two years.
Singapore-based Finantier has closed an oversubscribed seed financing round at more than 20 times its pre-seed valuation.
Software company Temenos has won a major contract with Société Générale to upgrade the bank’s systems.
The swap arrangement was established with U.S. Federal Reserve Bank last year, as part of coordinated central bank actions to ease strains in global USD funding markets as a result of the Covid-19 outbreak.
Despite the continued surge in crypto demand, most global banks are expected to remain cautious due to lacking expertise and agility, Saxo Market’s APAC chief executive Adam Reynolds told finews.asia, weeks after launching a new offering for digital currencies.
The Swiss bank is reportedly losing its top dealmaker to a U.S. competitor, the latest in what is shaping up to be a series of exits following damaging scandals Greensill and Archegos.
The combined unit will have a 150-strong team and combined assets under management and advice of $53 billion.
The American Chamber of Commerce’s president Tara Joseph called on the Hong Kong government to hold private talks with international business representatives to explain how the national security law could be violated.
Switzerland's largest online bank with a strong presence in Singapore expects its profits to hit a record high in the first half of 2021.
The Swiss bank is looking to recoup money from collapsed Greensill Capital via its insurance, the Financial Times reports, but this won't be quick and easy.
The ASEAN Financial Innovation Network is partnering with enterprise software provider R3 on a sandbox to enable banks and fintechs to build and test central bank digital currency (CBDC) applications, and drive its innovation globally.
The youngest son of the late Macau casino tycoon Stanley Ho has launched a platform targeting family offices that seek Greater Bay Area opportunities.
The Hong Kong government is reportedly pausing its plans to offer exemptions for financial executives from its strict quarantine measures, marking yet another setback for vaccinated bankers.
The bank has priced S$600 million of perpetual capital securities at a fixed coupon rate of 2.55 percent – the lowest for benchmark perpetual securities for banks in Singapore.
The British asset management firm has announced plans to advance its ESG push in the region through its regional Centre of Excellence for Sustainability (CoES).
Credit Suisse has reshuffled its Greater China business with the promotion of two senior private bankers, finews.asia has learned.
Fintechs still lacks actually wealth management knowledge, Julius Baer's Bhaskar Laxminarayan told finews.asia, underlining that improved efficiency and user interfaces alone are not sufficient to displace incumbent private banks.
The UK-based firm, which provides dedicated asset management services to charities, fund managers and family offices, has hired a strategic advisor based in Singapore.
The Monetary Authority of Singapore expressed disproval to multiple major insurers over remuneration breaches.
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