Pre-tax income at Credit Suisse more than doubled for its Asia Pacific unit in the first quarter while the broader group suffered a loss.
Credit Suisse posted a net loss for the first quarter, attributing the hit to issues related to a U.S.-based hedge fund.
The U.K. fintech has launched operations in the city-state, where it hopes to drive expansion in Asia Pacific.
Singapore’s big three banks – DBS, OCBC and UOB – could face some competition from digital banks in the near term but remain well-equipped to hold ground, according to a recent Fitch report.
The Monetary of Singapore fine of J. Safra Sarasin again highlights chronic weaknesses in the Swiss private banking sector abroad.
The billionaire moved to Singapore along with his technology company amid much fanfare, but less than two years later, it seems like he's switched his residency back the the U.K., according to reports.
Plans are being considered for China’s central bank to support Huarong with a balance sheet cleanup amid concerns about the state of the giant bad debt manager.
Based in London, he takes over as global head of international business from Brian Heyworth, who left the firm last year.
Citi has expanded the role of its regional head of corporate finance with greater responsibilities for the Hong Kong investment banking business.
China's pharmaceutical industry is in the midst of a transformation. China is one of the largest markets in the world for medicine – and it is poised to become a global hub of drug innovation/a global leader in drug development technology.
finews.asia continues to build on its dependable and expert reporting for news and information in the financial industry. The newest data from Google Analytics show that the website now reaches more than 200,000 readers a month.
The online bank with a presence in Singapore said clients will be able to trade 21 cryptocurrencies through its platform by the end of this month.
The Swiss asset manager's clients pulled more than $1 billion in the first quarter, driven mainly by clients wanting out of credit and emerging bonds. GAM said it is on track with spending cuts and streamlining measures.
The bank has made two senior hires in newly created roles at its Wealth and Personal Banking business in Singapore, to drive its Asia wealth ambition.
A top official from the Shanghai exchange recently hinted that mainland companies could sell global depository receipts in Switzerland in yet another move to diversifying China’s financing sources.
Turnkey Lender has secured funding to fuel its global expansion, which includes scaling in Southeast Asia.
The last man standing from the era of ex-CEO Tidjane Thiam, Credit Suisse’s Asia boss Helman Sitohang has sidestepped the bank’s scandals – until now.
Natixis has made a series of hires for its global markets team in Asia Pacific with a focus on bolstering its capabilities in China and Japan.
The bank will accelerate its expansion in the rapidly growing Greater Bay Area with a stake in Shenzhen Rural Commercial Bank.
China’s digital yuan has been ranked as the third most mature central bank digital currency, according to a recent PwC report, as the country eyes a roll-out during the Winter Olympics in Beijing next year.
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