Amid an escalating trade war with the U.S., Chinese citizens moved $50 billion worth of cryptocurrency out of the country over the past 12 months, with stablecoin Tether mainly used to facilitate the outflows.
Citi’s treasury and trade solutions unit promotes its former head of trade finance for Asia Pacific to lead the region’s trade unit.
Private wealth clients are increasingly open to digital adoption, especially in the tech-savvy region of Asia. Are private banks worried about having their lunches eaten by fintechs? finews.asia speaks with industry leaders.
In a long-running European tax investigation, Belgian authorities reportedly received a list of clients with accounts at the Swiss bank.
The flow of information on the Swiss National Bank’s digital franc project has run dry in past months, dominated as they were by reports about the corona-virus and the fight against the economic outfall. This will change again for sure.
Gold can make a valuable contribution to portfolios of investors looking to participate in ASEAN’s growth potential, said the World Gold Council in a new report.
The Singapore joint venture will serve both retail and institutional investors from the globe with a more transparent and secure settlement solution.
The electronic payment service provider has announced partnerships to accelerate the development and delivery of digital cross-border payment services in Southeast Asia.
China’s largest banks posted a drop in first-half profits in the midst of an ongoing pandemic, the first time since the global financial crisis over a decade ago.
The China Banking and Insurance Regulatory Commission provided reassurances again of Hong Kong’s financial hub status amid a wave of mainland corporates seeking a funding alternative to the increasingly restrictive U.S. market.
In a bid to expand its reach in Asia, Chicago-based hedge fund Citadel will open an office in Singapore by the end of the year.
Standard Chartered maintains its accelerated private banking expansion drive with the latest hire of a former UOB private banker.
Australian financial group AMP unveiled the resignation of its chairman and the demotion of the former chief of its investment management unit Boe Pahari, who was embroiled with a sexual harassment scandal.
Hong Kong’s Securities and Futures Commission is en route to issue the city’s first-ever license to a cryptocurrency firm.
V3 Group – the parent company of renowned brands like TWG Tea or OSIM – appoints George Yeo as a senior advisor, according to a statement that underlined ambitions for further digital expansion.
Eight months after first establishing a partnership, the establishment of a wealth management joint venture between Blackrock, Temasek and China Construction Bank has been approved by regulators.
The collapsed German fintech's sacked operating chief went to extreme – and adventurous – lengths to bamboozle auditors, according to a German report.
Blacklists, systems of green and red lights, abruptly changing quarantine rules with awkward exceptions. Who can still keep track of the corona-measures? We can’t continue like this, says Raphaël Surber in his essay for finews.first.
The banker's best-loved gadget may be making a return from the dead – thanks in part to the pandemic sending millions of workers into work-from-home arrangements.
New loan applications have declined as consumers are about taking on additional liabilities due to economic uncertainty.
Page 435 of 1007
