Two of Singapore's «big three» lenders are said to be interested in acquiring parts of Citi's consumer business, which is downsizing worldwide.
The central banks of the U.S., Japan and China have recently placed a spotlight on dollar dominance and addressed the prospects of a yuan takeover.
The start-up plans to expand its ecosystem of financial institutions on its sustainable and environmental, social, and governance (ESG)-enabling technology infrastructure.
The country is reportedly allowing domestic and international banks to import large quantities of the precious metal.
Ant Group is reportedly exploring options for the divestment of founder Jack Ma’s stake in a move that could potentially pave the way for a successful second listing attempt.
The Swiss bank's handling of the alleged rape of one of its graduates was found lacking by a British judge, in a court ruling the victim successfully fought to have made public.
The pair bring valuable experience in building info-tech and software businesses, and will help to further accelerate the growth of its APIX platform.
Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them.
The Swiss bank is making more changes to the business hit with $4.7 billion in losses from hedge fund Archegos.
After its consumer banking exit in China, Citi will accelerate the growth of its mainland institutional business with the reported pursuit of new licenses.
In the past, some firms chose to list in the U.S. However as a result of geopolitical tension that is now a less attractive route – so actually we have seen more business flowing to the Hong Kong Stock Exchange over the past couple of years, Howard Wang from J.P...
Credit Suisse hires a former investment banker from Macquarie with a focus on Indonesia, finews.asia has learned.
Taiwan and Vietnam were amongst those that avoided being labeled currency manipulators in Treasury Secretary Janet Yellen’s first semi-annual foreign exchange report despite exceeding thresholds.
China’s financial regulators came out to inspire calm after bad debt manager Huarong's delayed release of its annual report sent ripples into the broader Asian credit markets. finews.asia reviews the developments.
Accidental banker Herbert Scheidt tells finews.asia why a disastrous Deutsche Bank deal put him off acquisitions at Vontobel and what Switzerland got wrong on banking secrecy.
Standard Chartered plans to hire about 400 staff in Hong Kong this year as part of the ongoing expansion of its retail baking and wealth management business.
Citi announces major hiring and asset targets across Asia Pacific, calling wealth creation in the region a «once-in-a-lifetime» phenomenon.
Nomura adds a duo of private bankers to its wealth unit as part of its broader goal to triple assets under management, finews.asia has learned.
Morgan Stanley unveiled nearly $1 billion of losses related to the collapse of family office Archegos as part of the announcement of its quarterly results which beat analyst expectations.
A Michigan-based pension fund is suing Credit Suisse over failures related to the recent collapses of supply chain funds Greensill and family office Archegos.
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