The Swiss bank was prepared to extend enormous leverage to Archegos, reportedly for an embarrassingly low potential payoff.
State-owned bad debt manager Huarong finally broke its silence to refute numerous reports and its recent credit rating downgrade by international agencies.
Troubles for Hong Kong brokerage firm Covoy continue to escalate with the latest investor dispute resulting in a violent altercation with allegedly paid thugs.
J. Safra Sarasin has completed its acquisition of Bank of Montreal’s private banking business in Hong Kong and Singapore.
J. Safra Sarasin continues expanding its Asia unit with the latest hire of an industry veteran from Bank of Montreal, finews.asia has learned.
António Horta-Osório reiterated his commitment to revamping Credit Suisse in an issued statement with a focus on a key component at the bank: culture.
The billionaire heirs of the Samsung family unveiled the total size of their colossal tax bill from inheriting the assets of the late Lee Kun-hee.
Global insurance firm Ed has appointed a new chairman of Asia based in Singapore.
The private banking market is constantly evolving. But the changes have been small so far. With all the global innovations from fintech, artificial intelligence and robotics, changes are now forecast to come much more rapidly, Michael Welti writes in a piece for...
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New chairman António Horta-Osório outlined his priorities for the embattled bank and gave a key vote of confidence. Predecessor Urs Rohner apologized for repeatedly letting down investors and employees.
The regulator is has announced a new Regulatory Technology (Regtech) Grant scheme and an enhancement of the Digital Acceleration Grant (DAG) scheme.
The Swiss bank’s chairman since 2011 is handing over to António Horta-Osório a lender in crisis. finews.asia looks back at the pugnacious trial lawyer’s last decade.
Citigroup CEO Jane Fraser’s first quarter debut featured strong earnings worldwide and in Asia where the American lender is eyeing growth opportunities, particularly from private wealth in the region.
The Liechtenstein-based bank is poaching a KMPG specialist in audits related to compliance matters.
The Swiss bank's risk committee overseer is stepping down ahead of an investor meeting. He is the third C-suite departure following twin disasters Greensill and Archegos.
Nexon has joined other publicly listed companies such as Microstrategy and Tesla in holding the cryptocurrency as a hedge against inflation.
The bank is considering reducing the number of branches and office space as it moves towards a hybrid work model.
More than a dozen major technology firms in China are set to face similar restrictions imposed on Jack Ma’s Ant Group as Beijing widens its fintech crackdown.
HSBC’s asset management arm appoints a new head of credit research in Asia amid an ongoing expansion across its product range and distribution capabilities in the region.
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