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FINANCE Wednesday, 12 August 2020 11:47

Standard Chartered Taps Microsoft for Digital-First Strategy

As its preferred cloud platform provider, Microsoft will help the bank make its vision for virtual banking, next-generation payments, open banking and banking-as-a-service a reality.

FINANCE Wednesday, 12 August 2020 11:41

McKinsey: «A Third of Clients Weren't Contacted During the Crisis»

Private banking is a people's business and will always be one, says Jan Quensel, associate partner at McKinsey. He was discussing the challenge from neo banking, digitization and job losses in the industry in an interview with finews.asia.

FINANCE Wednesday, 12 August 2020 11:16

Chinese Bank Profits Tumble in the Second Quarter

Net profits at Chinese banks slid 24 percent year-on-year in the second quarter amid calls for the mainland sector to sacrifice the majority of their profits.

FINANCE Wednesday, 12 August 2020 10:46

Life Insurance Sales Hit by Covid-19

The Singapore market recorded a total of S$1.66 billion ($1.21 billion) in weighted new business premiums for the first half of 2020, a drop of 13 percent from the same period in 2019.

FINANCE Wednesday, 12 August 2020 10:01

Livi Kicks Off as Hong Kong’s Fourth Virtual Bank

Livi Bank becomes Hong Kong’s fourth licensed virtual lender to hit the market and it is taking a slightly differentiated launch strategy.

FINANCE Wednesday, 12 August 2020 01:07

Neymar's Tax Case and Implications for UBS

Neymar, the Brazilian PSG striker, is involved in an arduous legal tussle, which includes aspects of the protection of information. A verdict by the highest Swiss court, in this case, may have an implication on the UBS tax dispute with France.

FINANCE Tuesday, 11 August 2020 23:15

Swissquote Earnings Surge During Corona-Crisis

Swissquote, Switzerland's biggest online bank with a strong presence in Singapore, has seen its revenues surge in the first half of 2020, making the company one of few to profit from the lockdown. Its staff is due for a higher bonus.

FINANCE Tuesday, 11 August 2020 16:57

Face-to-Face Advice Valued Amid Market Volatility

Amid growing interest in retail investing and the emergence of new trends in the investment landscape, trustworthiness and professionalism of advice has taken on greater importance among investors.

FINANCE Tuesday, 11 August 2020 15:07

Chinese Investors Opt for Low Fees Over Performance

Despite the vast majority of active funds outperforming their passive counterparts, Chinese investors continue to opt for the latter, according to a Morningstar report.

FINANCE Tuesday, 11 August 2020 12:58

Top Stock Winners from Jimmy Lai’s Arrest

The arrest of media tycoon Jimmy Lai sparked a historic two-day trading session that saw an unprecedented act of investor activism in Hong Kong’s financial markets. Who were the top winners?

FINANCE Tuesday, 11 August 2020 12:57

Axa Mulls Sale of Singapore Unit

The French insurer is reportedly considering the sale of its Singapore business as part of plans to raise funds by divesting peripheral operations.

PEOPLE Tuesday, 11 August 2020 12:40

Francesco De Ferrari Faces New AMP Scandal

Credit Suisse’s former top private banker in Asia is confronting tawdry personal issues as CEO of Australia’s AMP. A «devastating» scandal cost him a long-standing close ally.

FINANCE Tuesday, 11 August 2020 12:26

SGX to Expand Equity Derivatives Shelf

The bourse is adding 13 Asia ex-Japan and emerging markets Asia regional and single country futures to its shelf of benchmark equity derivatives.

FINANCE Tuesday, 11 August 2020 11:43

Southeast Asian Fintech Partners Thunes

This partnership enables TrueMoney users to receive remittances from anywhere in the world via Thunes’ global partner network.

FINANCE Tuesday, 11 August 2020 11:09

Jimmy Lai’s Arrest Sparks Hong Kong Retail Investor Activism

Next Digital, Hong Kong’s largest listed media firm, saw its shares nearly quintuple from trough-to-peak following the high-profile arrest of its founder and staunch critic of Beijing, Jimmy Lai.

FINANCE Tuesday, 11 August 2020 10:40

Singapore Economy Experiences Worst Quarter on Record

The fall in GDP was due to «circuit breaker» measures, which lasted from 7 April to 1 June to slow the spread of Covid-19, as well as weak external demand amid a global economic downturn as a result of the pandemic. 

FINANCE Tuesday, 11 August 2020 09:47

Banks Push Post-Sanction Account Suspensions

Global banks are reportedly addressing Washington's newly issued sanctions and boosting compliance measures amid rapidly worsening U.S.-China relations.

FINANCE Monday, 10 August 2020 15:20

Closing Chapter for Baoshang Bank

Chinese authorities made a rare move to liquidate a state lender, marking the closing chapter for the troubled Baoshang Bank.

FINANCE Monday, 10 August 2020 14:16

Credit Suisse Eyes Insurer Partnerships

Credit Suisse’s chairman Urs Rohner said the Swiss bank was seeking more cooperation with insurers, citing a Chinese merger as a success story.

FINANCE Monday, 10 August 2020 12:41

U.S. Releases First List of Hong Kong's Unbankable

On 7 August 2020, the U.S. government announced sanctions against 11 individuals over the national security law, including Hong Kong chief executive Carrie Lam, in a move that could send ripples through the financial sector.

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