The wealth management arm of the Royal Bank of Canada has appointed a senior banker to serve the financial and wealth planning needs of its HNW and UHNW clients.
Ahead of its blockbuster IPO, e-commerce giant Alibaba's fintech arm is working with partners to set up a company to offer online loans to domestic consumers.
The restrictive trading network of Japan's central bank is preventing employees involved in related asset sales from working from home despite still threatening levels of daily coronavirus infections in Tokyo exceeding 100.
Regulatory filings show that Goldman Sachs has confirmed its previous agreement to pay $3.9 billion to settle with Malaysia over the longstanding 1MDB scandal.
The managing director of the Monetary Authority of Singapore, or MAS, has said that protecting and growing Singaporean jobs, especially in current economic conditions, is a «top priority.»
Deutsche Bank recently has appointed a number of digital natives into top jobs – and they all are excellent bloggers. The latest addition is a St. Gallen-trained banker who is known for his podcasts.
Banking is a game with high stakes: one mistake can have grave consequences. Liechtenstein’s VP Bank found out to its detriment when a loan went bust during the corona-crisis.
The People’s Bank of China and the U.S. Federal Reserve are both making rapid efforts to develop their own sovereign digital currency. Who will win the race to start and the race to the end?
Francesco De Ferrari is feeling the heat from his biggest shareholders over a second case of harassment at the Australian wealth boutique he jumped ship from Credit Suisse to run.
U.S. officials warned colleges and universities in the nation of the «high risks» associated with Chinese companies listed in the country and warned of the possibility «wholesale de-listing».
U.K.-based enterprise data management company Solidatus said it will accelerate its growth plans in the region, following a strategic investment by Citi.
Hong Kong’s police chief – one of the 11 individuals sanctioned by the U.S. – shifted his mortgage away from HSBC to avoid Washington’s net, according to public records.
The senior executive joins from the Hong Kong Monetary Authority (HKMA), where he held a number of senior roles in Hong Kong and New York.
VP Bank had a lower profit in the first half of 2020 than a year earlier, mainly due to a one-off valuation adjustment. Operating income was up, and net new money also increased.
Bellagraph Nova Group claims to be in «advanced talks» to buy Premier League side Newcastle United Football Club.
China continues its path towards the internationalization of the yuan, according to its central bank, with newly announced efforts aimed to boost its reserve status.
The Singapore-based subsidiary of leading Chinese retail fintech Lufax has announced a strategic partnership to meet rising demands for digital financial services in Thailand.
The acquisition is in line with its AREAP Core I strategy of building a diversified portfolio of stabilized income-producing assets across the Asia-Pacific region.
Hong Kong chief executive Carrie Lam admitted that U.S. sanctions have caused inconveniences in day-to-day activities, specifically regarding credit card restrictions.
Even in the dogmatic private banking industry, digitalization is expected to outlive the coronavirus to become «the new normal», said Sonjoy Phukan, Bank of Singapore’s chief operating officer in a conversation with finews.asia.
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