The partners will launch a series of late-stage venture capital and early growth private equity investment funds focusing on advancing decarbonization solutions.
The Swiss bank's Greensill funds reportedly didn't just contain future receivables but also suspect invoices from steel magnate Sanjeev Gupta. It raises the specter that Credit Suisse has fallen prey to alleged fraud.
He will oversee the firm's Business Development & Digitalisation, Technology Solutions, Risk Management & Actuarial Services, and Technical Services functions, and will join the company’s Executive Committee.
Jack Ma’s Ant Group will apply to become a financial holding company and face regulatory oversight akin to that of a bank, marking yet another blow to the fintech giant since its IPO pullout in November last year.
The Amsterdam-based firm has announced the opening of a Singapore office in 2021, its eighth globally.
Treasury Secretary Janet Yellen is expected to soften Washington’s stance on the yuan and decline to call China a currency manipulator in her first semi-annual foreign exchange report.
Major departments throughout Washington are reportedly increasing efforts to better understand the incoming digital yuan and its potential implications to the broader financial system.
The gargantuan inheritance tax bill following the death of Samsung's Lee Kun-hee has led to revelations about a private art collection valued in the billions.
Huawei chief financial officer Meng Wanzhou has made a breakthrough in her attempt to block extradition from Canada to the U.S. in the latest Hong Kong court ruling which reportedly resulted in an agreement with HSBC.
Standard Chartered has hired a former UBS executive to oversee its private and affluent banking business worldwide.
The billion-dollar debacles of Greensill and Archegos Capital undermine the Swiss bank's $324 billion sustainability push.
Avaloq's co-founder has a lot more time on his hands – as well as another $650 million from recently selling the remainder of his share in the banking software firm. finews.asia on where the money is going.
Blackrock will further its ESG ambitions in Asia with the appointment of sustainable investing co-heads for the region.
Charlotte-headquartered asset manager Barings has hired a new head of institutional distribution for Greater China and Southeast Asia.
T. Rowe Price’s former head of internal audit has relocated from the U.S. to Hong Kong to become a regional operating officer for Asia Pacific.
Amid reported interest for Credit Suisse's troubled asset management arm, a coterie of securities lawyers are settling in on various sides.
The Swiss bank's former CEO remains a huge booster despite leaving six years ago and subsequently launching a Wall Street upstart. And why not? After all, the stint in Switzerland made him enormously wealthy.
A century ago, the fiscal and monetary policy created the illusion of prosperity, and speculation boosted the bubble further. The outcome was a major disaster. So do we really think that the trillions of dollars spent now on supporting the economy will create...
The chief compliance officer of a top Chinese investment bank has stepped down over claims of «health reasons» at the same time that a reported leak of his extramarital affairs has surfaced.
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