Japanese financial giants Mitsubishi UFJ Financial and Sumitomo are being targeted by activist shareholders seeking more commitment to climate change efforts.
VP Bank is acquiring an equity stake in Chinese wealth manager Hywin after signing a new agreement as part of an ongoing strategic partnership.
The Swiss bank warned that a U.S. hedge fund client failed to meet its margin calls, and is likely to hit first-quarter results.
Hong Kong could see the first special purpose acquisition company listed on its local exchange by the end of this year, joining the global blank check boom.
Few people know that there are now more listed Chinese companies than there are U.S.-listed companies, Rebecca Jiang and Howard Wang of J.P. Morgan Asset Management say in an interview with finews.asia.
Citi will hire up to 1,700 for its Hong Kong unit, partly in anticipation of the upcoming Greater Bay Area opportunities.
Capital flows leaving Hong Kong for Canada reached record-high levels in 2020 amid increasing political uncertainty in the financial hub.
DBS has named a senior civil servant and former top aide to the Singapore Prime Minister to be a non-executive director on its boards.
As ESG investing is set to become a force to be reckoned with across the globe and region, firms and fund managers must ensure objective assessment of ESG performance and transparency with investors, Rasihla Kerai writes in a guest post for finews.asia.
Cash, less screen-time or days off are all remedies employers are administering to weary, overworked staff who are often shouldering personal burdens from the pandemic. Will it help office hours from bleeding into their personal lives?
The needs of «new» customers go far beyond ecological aspects, Carina Schaurte writes in an exclusive essay for finews.first.
The upcoming season of annual general meetings could be a tricky one for the big banks. One major topic is likely to be the salaries on the executive floor, as is already becoming apparent.
If private banks want to save their business with the rich of this world into the future, they must closely accompany their children. As it turns out, this cannot begin soon enough.
The Singapore state-owned investment company, which recently made the largest commitment to an impact investor so far, plans to boost its presence in this space.
China’s central bank said the planned digital yuan will coexist with incumbent fintech platforms with the former acting as a backup for the latter.
The Securities and Exchange Commission will begin implementing a law that will boot firms of the New York Stock Exchange or Nasdaq for failing to comply with accounting standards.
Multiple next generation wealth clients reiterated the importance of changing with the times and warned banks against testing their tolerance for high fees, product-pushing and other approaches from the last era.
Credit Suisse didn't altogether learn its risk management lessons during the financial crisis of 2008/09, risk specialist Nir Kossovsky tells finews.asia. And he's not a fan of separating the asset management unit where the trouble began.
The Malaysian lender is revising its strategy to emphasise sustainable growth, in line with the group's vision to be a «leading focused Asean bank.»
APAC has been a key contributor to the firm's overall growth, but Payoneer's regional vice president said there's still «massive opportunity,» given the explosive rise in digital commerce and freelancing in markets like India and the Philippines.
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