DBS’ chief investment officer Hou Wey Fook called bitcoin’s potential for outsized returns and, in particular, the revolutionization of the monetary system «an opportunity that fiat money cannot buy».
The European Commission censured seven investment banks for maintaining a cartel on European government bond-trading. The Swiss bank was hit with the largest fine, despite cooperating.
The firm has hired a senior executive from Credit Suisse to fill the new role.
China's steps to tighten regulation will likely force fintechs to build the world’s largest financial crime operations – if they haven’t started already.
The European Parliament has declared the advancement of the controversial market access treaty with China «frozen» in response to Beijing’s retaliatory sanctions.
He replaces Harmeet Singh Bedi, who left after six years at the firm in 2020 for Prime US Reit, a Singapore real estate investment trust.
Deutsche Bank bolsters its investment banking business with three new additions in its Asia Pacific unit.
The bank is collaborating with the World Resources Institute (WRI) and WWF to unlock access to finance to help new climate-based projects create real world impact.
Troubled bad debt manager China Huarong Asset Management has named a new president after the role was vacant for nearly six months.
Deutsche Bank has set up a Singapore-based center focused on developing environmental, social and governance-related solutions.
Decentralized finance (DeFi) presents significant opportunities to drive financial inclusion in the Asean region, given the large size of the region's unbanked population, CEO Michael H. Conn, told finews.asia.
There is nothing that indicates that Credit Suisse will reimburse Greensill clients even though new chairman António Horta-Osório once decided otherwise.
China and Elon Musk are getting bearish on crypto as Wall Street is increasingly adding related offerings – all while Bitcoin saw 30 percent of its value erased in the last week. finews.asia reviews banks’ latest views on the emerging asset class.
Archegos also caught supervisors off-guard, with experts telling finews.asia there are significant gaps in prime broker regulation.
The bank has signed a memorandum of understanding with Singapore-based Tazapay to offer digital escrow on the Proxtera network.
The Swiss private bank is naming a new global head of personnel and granting them a wider say in group matters, finews.asia has learned.
Swiss bankers are the first to go in the Swiss bank's current round of cuts.
The private bank said its assets rose thanks to fresh money from clients as well as favorable market performance. It re-affirmed cost-cutting and revenue targets.
The People's Bank of China repeated its warning against cryptocurrencies, saying that digital tokens could not be used as a form of payment.
A green finance taskforce convened by the Monetary Authority of Singapore (MAS) has issued a raft of initiatives for financial institutions to enhance climate-related disclosures and strengthen green capabilities.
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