The world’s oldest cryptocurrency is moving from the periphery of the financial system to the center of Wall Street after Bitcoin spot ETFs were approved for the US mass market. The door to a new era of digital assets is now open, finews.asia comments.
Foreign investment into China practically collapsed last year, possibly bringing more uncertainty to the financial industry and international banks operating on the mainland.
The Securities and Exchange Commission has delivered a landmark approval of spot Bitcoin exchange-traded funds. This is a highly anticipated event that is expected to further crypto’s entry into mainstream finance.
Its 2023 annual report was only expected in March, but the Swiss online bank instead decided to push out its record performance early.
British insurer Prudential has inked a bancassurance tie-up with the Thai arm of Malaysia’s CIMB.
An unprecedented six countries shared the top rank for being home to the most powerful passports in the world for visa-free travel, according to Henley & Partners.
Julius Baer has hired another private banker from fallen Swiss rival Credit Suisse, this time for the Southeast Asia market.
Prudential’s asset management arm has expanded its portfolio advisory business in Japan with the hire of a former Citi investment banker.
Paris-based BNP Paribas’ wealth unit has reportedly hired more than a dozen of new private bankers in Asia, as part of its Greater China growth plans.
During the emergency rescue of Credit Suisse, the federal government and authorities took a last-minute decision to sell the crisis-hit bank rather than restructure. But they will likely have no choice in the future.
Startups across Southeast Asia see the lowest levels of funding in years, but the real question is whether the money is simply going somewhere else.
Macroeconomics and geopolitics will make 2024 «another uncertain year», according to UBS chairman Colm Kelleher during the Swiss bank's Shanghai conference.
New York-based J.P. Morgan Asset Management has formed a strategic partnership with Thailand’s Kasikorn Asset Management.
This coming weekend, the Taiwanese people will head to the elections to vote for their eighth president. This could have no impact on cross-strait relations with Beijing, according to Pictet’s chief Asia strategist Dong Chen.
London-based Standard Chartered has hired a former Citi banker to lead coverage of global subsidiaries out of Asia.
Malaysia-based banking software firm Silverlake Axis has announced the appointment of a chief sustainability officer.
More than half of the major jurisdictions for the crypto markets tightened regulations in 2023, according to TRM Labs, including Hong Kong and Singapore.
A speech by Fed’s Bowman maintains last year’s post-mortems on bank failures had too many shortcomings and are having too much influence on current supervisory priorities.
Singapore-headquartered AsiaNext, a joint venture that includes Swiss exchange SIX, has launched crypto derivative trading in the region.
Despite a lackluster year in 2023, Hong Kong will see a sharp rebound back to the top rankings in initial public offerings for 2024, according to KPMG.
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