Switzerland's largest bank drops a global marketing initiative that ties in with its ambitious growth plans. Rather unsurprisingly, Credit Suisse's name is a big no-show, finews.asia learns.
Chinese equities may be set for a boost with authorities reportedly preparing to invest hundreds of billions of dollars in the market.
A ranking of the world's 30 largest economies shows the Asia Pacific region as being far in front of the rest of the world when it comes to reducing reliance on non-renewable natural resources.
Just a few days ago, there was some ominous correspondence about layoffs; now, there are new bosses for the prestige business with mergers and acquisitions. The reshaping of the UBS investment banking division is progressing apace.
Hong Kong continues to ramp up efforts to attract the ultra-rich with the appointment of an executive director for its government-backed family office academy.
Virtue-signaling as a means to further progress in sustainability is no longer viable, according to Lombard Odier Investment Managers’ Thomas Höhne-Sparborth, who noted that related billboards have largely vanished from the streets of Davos.
Malaysian authorities are considering legal proceedings against foreign banks linked to the 1MDB scandal, in the latest escalation of the country’s headline case.
According to a media report, investment bankers at the «new» UBS must prepare for further layoffs. But they are also having to deal with a paradox: the Swiss megabank has ambitious growth plans for its business.
Geneva-based Union Bancaire Privée’s profit climbed higher in 2023, driven by the recent rise in interest rates.
Scholars at HKU take stock of the existentialist qualms facing the city’s linked exchange rate, which turned 40 last year.
Hong Kong-headquartered Value Partners has joined hands with a virtual asset manager to explore the launch of a spot bitcoin ETF in the city.
London-based property consultancy Knight Frank has expanded its capital advisory business in Asia Pacific with three new appointments.
Singapore-based OCBC has appointed a head of corporate banking for its China unit.
Many are waiting for the possibility of a massive stimulus package to trigger a turnaround in China. This may not happen, according to Cambridge University’s Mohamed El-Erian, and investors should «be thankful».
Singapore-based multi-family office Whampoa Group has hired a former J.P. Morgan executive as the chairman of its digital banking arm in Bahrain.
The Industrial and Commercial Bank of China has been fined by US authorities over failures, including anti-money laundering lapses and disclosure of confidential information.
Based on the strong growth in the Middle East, Geneva private bank Union Bancaire Privée is reshuffling its regional management team. It has recruited support from U.S. bank J.P. Morgan.
I would never have dreamt of writing about cryptocurrencies. Maybe because of my age or because of my longstanding experience in traditional investments. But never say never, Francesco Magistra writes in an essay for finews.first.
Before launching his hedge fund, Robert Jain really banged the marketing drum in the media, promising the biggest launch ever. Now he will have to backpedal.
New York-based Citi’s global job cuts have reportedly reached Asia, with dozens of employees in the region, most notably in research roles, being offloaded.
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