The bank joins other major FX participants in serving strong institutional FX flows in Asia, as the republic aims to boost its role as the global FX price discovery and liquidity hub in the Asian time zone.
A Chinese central bank official called for further opening up for the financial sector to boost growth as the second-largest economy increasingly focuses on domestic activities.
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Switzerland may not host the 2021 World Economic Forum after all, because the corona pandemic is taking such a heavy toll on the nation. The forum organizers are considering a temporary relocation to a safer place – maybe Singapore?
Less than three months after the agreement, Singlife and Aviva complete their merger to create a single entity led by the former’s chairman Ray Ferguson.
Local courts in Hong Kong found Roy Cho Kwai-chee not guilty over fraud charges based on the largest-ever investigation conducted by the Securities and Futures Commission.
Chinese authorities will look to further tighten against fintech giant Ant Group with the creation of a dedicated task force involving various regulators and the central bank.
This year was prodigious for banks despite the pandemic – and Switzerland's wealthy financiers benefited from the crisis.
Hong Kong’s chief executive Carrie Lam claims she has «piles of cash at home» because of restricted access to banking services caused by the U.S. sanctions.
A full departure from the largest economy is reportedly no longer being considered but decisions on the retail unit remain unconfirmed.
J.P. Morgan will reportedly look to double the number of Singapore-based private bankers covering Chinese wealth.
Swiss banks continued with their generous dividend payments while European rivals were told to hold back throughout the pandemic. Now, signs are on for a change.
The Libra coin may finally launch early next year, but in a slimmed-down version. Which of the original promises will be kept with such a watered-down coin?
The bank disbursed S$7 million ($5.23 million) in loans to social enterprises so far this year, up fourfold from 2019.
Global law firm Mayer Brown made its case for Hong Kong as the region’s family office hub of choice, underlining its advantageous characteristics and a bright outlook.
The move to create MY Alpha Management comes after York Capital Management said it would exit most of its hedge fund business.
The Facebook-backed payments network is poaching another top banker from Credit Suisse.
The U.S. investment bank is on track with hiring private bankers in Switzerland. It is seeking to mix it up with an increasingly sought-after segment of the super-rich.
In the midst of political unrest and structural changes in Hong Kong, the city’s allure to expatriates has plummeted, according to «InterNations», which ranked it in the bottom 10 cities for the first time ever.
Emphasizing that Asia is an important market for internationally oriented Swiss SMEs, the virtual participation of the Swiss delegation at this year's Singapore Fintech Festival is part of the bigger goal for Swiss and Lichtenstein SMEs to realize their business...
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