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Friday, 1 May 2026

FINANCE Friday, 23 October 2020 15:42

MAS Hands Life Ban to Ex-BSI Banker

The Monetary Authority of Singapore (MAS) has issued a lifetime prohibition order (PO) against a former representative and head of the wealth management services department of the Singapore branch of Banca della Svizzera Italiana, or BSI Bank.

PEOPLE Friday, 23 October 2020 14:41

MUFG Completes Asia Job Cuts

Mitsubishi UFJ Financial Group’s securities unit becomes one of the first financial firms worldwide to stop job cuts in the region as its global peers continue their overhauls.

FINANCE Friday, 23 October 2020 12:43

Singaporeans Miss Wealth Gains Due to Rash Financial Decisions

Some 41 percent of retail investors in Singapore do not have a financial plan. St. James’s Place Wealth Management Asia (SJP Asia) warned this would cause them to make financial decisions on emotion rather than fact.

FINANCE Friday, 23 October 2020 12:09

Goldman Sachs & 1MDB: What Say the Regulators?

Goldman Sachs faced a 9-hour tidal wave of fines and condemnation from regulators all over the world for its involvement in the 1MDB scandal. finews.asia reviews the regulator verdicts unleashed during this period.

FINANCE Friday, 23 October 2020 10:55

UBS's Sergio Ermotti Lines Up Wall Street Gig

Sergio Ermotti is returning to his roots in high finance – cashing in on a boom in a niche style of stock-listing with potentially huge payoffs.

FINANCE Friday, 23 October 2020 10:50

Ripple Shortlists Singapore for Move

The blockchain payments company could leave the U.S. over lack of regulatory clarity.

FINANCE Friday, 23 October 2020 10:49

Credit Suisse Folds Quant Fund Boutique

The bank is quietly folding a quantitative investment house spun out of Zurich's prestigious ETH technical university, finews.asia has learned.

FINANCE Friday, 23 October 2020 09:57

Deutsche Bank in Talks to Offload Tech Unit

Deutsche Bank is reportedly in advanced talks to sell its technology services unit to India’s Tata Consultancy Services.

FINANCE Thursday, 22 October 2020 17:15

DBS Launches Cross-Border Collections for Businesses

DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from real-time, online tracking of their cross-border payments and collections, without any additional costs.

PEOPLE Thursday, 22 October 2020 16:47

Julius Baer’s Thai JV Nabs Ex-HSBC Private Banker

SCB-Julius Baer, a wealth management joint venture between Siam Commercial Bank and Julius Baer in Thailand, hired HSBC private banker to lead its investment unit.

FINANCE Thursday, 22 October 2020 14:57

Swiss Regulator Backs Down on 1MDB Sanction

Finma lowered the profit clawback from Banca della Svizzera Italiana, a now-defunct Swiss private bank which was sanctioned over its dealings with 1MDB four years ago. It banned two ex-BSI bankers.

FINANCE Thursday, 22 October 2020 14:43

HSBC: Twin Lions Reborn

The two lions statues guarding HSBC’s headquarter in Hong Kong have made their return after being vandalized by protestors earlier this year.

FINANCE Thursday, 22 October 2020 13:10

Growing Demand for Resilience a Boon for Singapore Firms

Singapore, with its reputation as a safe and reliable financial hub, has the opportunity to come up with solutions to cater to the growing demand for resilience among businesses, said the country's permanent secretary for finance.

FINANCE Thursday, 22 October 2020 12:20

Five Challenges for the Digital Yuan Roll-Out

China is leading the digital currency race amongst central banks but there are considerable hurdles to overcome in order to achieve critical success. finews.asia takes a look at some of the top challenges the electronic yuan faces.

FINANCE Thursday, 22 October 2020 11:56

Japan Takes First Step to Build English-Friendly Financial Sector

Newly appointed Prime Minister Yoshihide Suga is making good on his commitment to improving Japan’s attractiveness as a global financial hub with the addition of new English language services.

FINANCE Thursday, 22 October 2020 11:49

Munich Re Partners Hong Kong Insurer

Munich Re Automation Solutions, the insurtech subsidiary of global reinsurance firm Munich Re, will help FTLife digitize its underwriting process.

FINANCE Thursday, 22 October 2020 11:12

Covid-19 Accelerates Focus on Alternatives Among Asian Insurers

The low interest rate environment, which has been exacerbated by the Covid-19 pandemic, and the implementation and enhancement of Risk-Based Capital (RBC) regulations in certain markets in Asia, have impacted insurers’ investment decisions, BlackRock said.

FINANCE Thursday, 22 October 2020 10:01

HKMA Defends Against BCA Research

The Hong Kong Monetary Authority stood up against Canada’s BCA Research and outlook for a «cataclysmic recession» in the city, calling the view «unsound».

FINANCE Wednesday, 21 October 2020 20:37

Credit Suisse Reloads Winterthur Plan

The Swiss bank's latest partnership is reminiscent of a bancassurance strategy that flopped nearly two decades ago. finews.asia on what's different this time.

FINANCE Wednesday, 21 October 2020 17:34

GAM: Light at End of Tunnel?

The asset manager hiked its assets, though not due to inflows of fresh money. CEO Peter Sanderson is looking to major spending cuts to help revive the company.

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