Tencent-backed Fusion bank is officially open for business, making the final entrant and completing the full virtual banking roll-out.
The company, which is dual-listed in New York and Singapore, will also adopt a majority independent board structure.
Bank of China (Hong Kong) has appointed a new chief executive after the role was left vacant for several months.
Prior to the pandemic, China’s official data showed many years of stable growth ranging from 6.2 percent to 7.5 percent year on year, rarely missing the consensus estimate by more than 0.1 percent. That is no longer the case.
The Japanese financial group is reportedly looking to purchase an Asian lender and team up with a global investment bank on U.S. dealmaking, after missing out on a corporate financing boom this year.
The Swiss bank is hiring a former top Morgan Stanley banker for a key finance position, finews.asia has learned.
Deutsche Bank is bullish on China’s market opening and is betting on increased activity and «two-way traffic of capital».
The tech giant has completed its acquisition of the Swiss-headquartered digital banking solutions provider, and named a new chairman of the company
The Indonesia-headquartered super-app is increasing its stake in Bank Jago as part of its bid to accelerate financial inclusion in Asia.
Mitsubishi UFJ Financial Group's banking unit will promote a managing director to become a chief executive, a first at Japan’s largest lender.
After the largest investigation in history by Hong Kong's securities regulator resulted in no convictions, the Independent Commission Against Corruption will make another attempt at executives that allegedly defrauded local brokerage Convoy.
The Swiss crypto bank raised 20 million Swiss francs ($23 million) to expand in the Middle East, Europe, and Asia. Wealth manager Julius Baer was among the original investors to stump up again.
Chinese firm ZA Tech Global is partnering Indonesian payments giant Ovo to offer Indonesian insurance companies access to its proprietary insurtech capabilities and applications.
Amid escalating India-China tensions, New Dehli could cut some slack for Hong Kong investors by reportedly cutting scrutiny on deal flows.
The firm was ordered to cease payment services in the country in October, and to return all customers’ funds, amid an investigation into missing funds.
Thomas Gottstein hasn’t had an easy start as CEO of Credit Suisse. While the bank was doing well enough performance-wise, the bad news came in thick and fast. This may yet impact the bonus payments of his staff.
The firm will deploy iCapital's platform to provide seamless and secure end-to-end alternative investing capabilities that includes digital fulfillment, administration, document management, reporting and educational materials.
HSBC makes two senior appointments in its asset management arm focused on fixed income assets in the region.
The Singapore sovereign wealth fund is partnering with APAC-focused logistics real estate platform ESR Cayman to establish a $750 million joint venture to invest in industrial and logistics real estate in India.
Nomura’s mainland expansion is outperforming expectations, according to China committee head Toshiyasu Iiyama, with robust demand in part for research on Japanese markets.
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