The Monetary Authority of Singapore (MAS) is said to be considering a tiered approach that gives industries that are most affected by the pandemic an extension of up to six months.
In just six months, Hong Kong’s first virtual lender – ZA Bank – has acquired over 180,000 users by focusing on financial inclusion and attractive rates.
Chinese fintech giant Ant’s virtual banking arm launches to become Hong Kong’s sixth licensed player.
Opening banking development maybe the bigger disruptor in Singapore’s financial sector than virtual lenders, according to DBS Group Research, highlighting challenges such as market demographics or slow profits.
Ping An’s overseas investment management arm is aiming for assets under management to reach $100 billion in three to five years, highlighting China’s opening of its markets and its relatively attractive profile for returns.
It was unveiled that British National (Overseas) passport issuances soared 8-fold to an all-time record just weeks after China's embassy to the U.K. made a statement about Sino-British financial cooperation and the need for the City of London to «cherish the...
Adrian Kuenzi has taken his next career step at Union Bancaire Privée, he told finews.asia in an interview. The bank will keep investing because the best of cost-cutting program won't help it win new clients.
China’s Ping An announced over the weekend that it had boosted its stake in HSBC as a «long-term investment» in the midst of the sell-off following the «FinCEN Files» release.
Less than one year after a snub from its world government bond index, FTSE Russell announced that it would now open doors for Chinese debt inclusion.
In his essay for finews.first, Bruno Capone considers the question of whether the channeling of substantial funds into the hands of few «insiders» practiced in Liechtenstein is acceptable in a global context.
Private bank Julius Baer has to pay Germany 150 million francs that belonged to the GDR. But the decision by Switzerland’s highest court still isn’t the end of the saga.
He was previously charged with one count of abetment of forgery for the purpose of cheating, which carries a jail term of up to 10 years and a fine.
She will be responsible for driving the growth agenda for the bank's WPB business, supporting the financial and wealth needs across the full spectrum of the bank’s customer base.
Hong Kong’s Securities and Futures Commission said social media scams account for about 20 percent of market manipulation cases currently under investigation weeks after the police made arrests linked to the Next Digital rally.
While SIX already supports 18 out of the 20 leading regional banks in Asia, the firm intends to expand its business further over the next five years by growing alongside the market and driving innovation, the company's head of Asia told finews.asia.
Will relationship managers continue to prosper in the post-pandemic world of digitalized private banking or will margin compression and new business models render many irrelevant? finews.asia takes a look at 5 ways for private bankers to stay relevant in the new...
The newly launched Altara Ventures is looking to raise $100 million for a fund that targets early-stage investment opportunities in Southeast Asia.
Sotheby's is teaming up with a former hedge fund manager to beef up its finance arm. The auction house wants to be the first port of call for the ultra-wealthy looking for funds against their art collections.
Credit Suisse is expanding the business with the super-rich in Latin America. It has hired a team of bankers from arch-rival UBS to help it in the region.
American asset management giant Vanguard has hired a former financial regulator as the general manager of its upcoming fund management subsidiary in China.
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