After the fallout from its involvement in the 1MDB scandal, the U.S. investment bank is planning to grow its presence in Singapore.
«Greenwashing» efforts in Asia could take a hit as Japanese regulators consider rules for labels after related concerns were triggered by a fund sold by Mizuho Financial and managed by Morgan Stanley.
While there hasn't been an increase in fraud and risk incidents from extensive remote working arrangements adopted by financial institutions amid the COVID-19 pandemic, new risks could emerge.
The Securities and Futures Commission has officially vetted and approved the Hong Kong Exchange and Clearing’s appointment of a new chief executive, after a media leak allegedly caused a rushed announcement last month.
Standard Chartered will look to expand its funds and discretionary portfolio management business with the hire of an industry veteran in Singapore.
Ant Group is once again in the spotlight, this time due to dissatisfaction from China’s central bank over limited sharing of data on its 500 million users.
Hong Kong financial secretary Paul Chan claimed that serious considerations were being made about the possibility of joining the booming craze of listing special purpose acquisition companies in the city.
Less than three months after the death of patriarch Joseph Safra, the family's Swiss private bank is in rude health. Chairman Juerg Haller talks mergers and acquisitions and recruiting with finews.asia.
88-year-old Byron Wien is one of the most enigmatic luminaries on Wall Street. When asked about his skills, he always refers to a deceased Swiss banker to whom he still pays the greatest respect.
The Swiss asset manager GAM severed its five-year ties with Greensill, brokered by ex-CEO David Solo. It will return nearly $800 million to its investors.
After a collapse in profits at its asset management unit last year, Credit Suisse is shutting a controversial set of funds. The latest misstep at the unit raises the stakes in a strategic review.
The company has reportedly sold one-third of its ships, which number around 150, to raise funds for its creditors.
Lawyers of Huawei chief financial officer Meng Wanzhou argued that the tech giant’s affiliation with Skycom was well known within HSBC and that the relationship was misrepresented by U.S. prosecutors.
They comprise two three-year revolving credit facilities from UOB and DBS – a S$200 million sustainability-linked loan and a S$100 million green loan.
Standard Chartered continues making transformations to its physical presence in Hong Kong, including plans to revamp its branches in the city.
Credit Suisse bolsters its onshore private banking unit in India with the hire of two former Kotak Mahindra relationship managers, according to a memo seen by finews.asia.
The pandemic is shifting thousands of financial services out of the city centers. The new employment model for bankers is not working from home – but from anywhere.
UBS is betting on content modularity to further grow its discretionary business – a move its fintech competitors may find hard to replicate, according to Stefan Lecher, APAC head CIO for global investment management, in a conversation with finews.asia.
Credit Suisse will suspend a set of funds linked to specialist finance firm Greensill, which in turn maintains close ties to British steel magnate Sanjeev Gupta.
The Swiss wealth manager J. Safra Sarasin lifted profits, revenue, and assets last year. It continues to stand out against peers for keeping a lid on its spending.
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