Union Bancaire Privée is one of the first Swiss private banks to present its results for the Corona year. The inflow of new money was considerable. Nevertheless, the bottom line was only a profit on par with the previous year.
Digital currencies from central banks are only at the beginning of their development. But they are coming, despite numerous risks: That is the tenor at the Crypto Finance Conference in St. Moritz.
Once infamously hailed as a boom-and-bust story that would end worse than the tulip mania of the 17th century, the view on cryptocurrencies has quietly broken consensus amongst global banks.
The latest draft rules proposed by the People’s Bank of China signals even more regulatory tightening against the mainland fintech sector including the potential to even break up non-bank institutions deemed to hinder payment development.
In the latest on U.S. delistings of Chinese firms, the three largest mainland telecommunications firms have requested for a review of the New York Stock Exchange’s decision to remove their shares from the bourse.
Switzerland's financial regulator began enforcement proceedings against an ex-Julius Baer banker over money laundering. Two others, including ex-CEO Boris Collardi, escaped with reprimands.
Hong Kong police said they arrested seven current and former bank employees over an alleged $810 million international money-laundering syndicate – the largest probe of its sort in nearly a decade.
Nearly $140 billion worth of Bitcoins is at risk of being permanently lost, according to online platform Chainalysis, due to forgotten passwords for decryption.
UBS Global Wealth Management’s APAC chief investment officer Min Lan Tan believes that tightening by regulators against Chinese internet giants will be limited and that the ongoing antitrust probe will not result in a break-up.
Three bidders have reportedly emerged as frontrunners for AXA’s business in Singapore after the French insurer first signaled a potential sale in August last year.
Singapore-based Global Processing Services Bolsters Asia Pacific Team with Head of Region Appointment.
International real estate specialist Hines has hired a former M&G executive to spearhead its investment strategy for Asia.
The UBS boss has a long road to shaking off his past: he faces an 18-month journey before knowing if prosecutors will charge him in a Dutch money-laundering investigation.
China Construction Bank, the world’s second-largest commercial lender, hires from rival Bank of China to appoint a new president.
A Citi Private Bank report noted that its ultra-rich clients fled from Alibaba – once amongst the favorite single stock picks – after reports emerged that it was being probed by Chinese authorities.
Jack Ma has resurfaced after noticeably vanishing from the spotlight following criticism of Chinese regulators that led to Ant’s IPO pullout and a probe into his tech empire.
UBS is appointing a new head of diversity as Carolanne Minashi leaves, finews.com has learned. The Swiss bank is taking the opportunity to lend more weight to the role.
The latest raft of hires made by Nomura's wealth arm signals a renewed ultra-high net worth commitment and a serious run to become Japan's only player to break the top ranks of private banking in Asia.
Renowned activist hedge fund Elliott Management has closed its Hong Kong office with Tokyo remaining as its only base in Asia.
Credit Suisse chairman Urs Rohner said that more consolidation was inevitable, not only within countries but likely across Europe and even amongst bigger banks.
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