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Bank leadership has faced near-permanent scrutiny and pressure since rescuing Credit Suisse. That seems to be creating a dangerous «us vs them» mentality, Samuel Gerber writes in a piece for finews.first.
The digital arm of Singapore-based multi-family office Whampoa Group has entered a strategic partnership with a Korean gaming company.
Three months after increasing its stake in Singlife, Japan’s Sumitomo Life has now further upped its investment to fully own the Singaporean insurer.
Around $1 billion in assets at fallen crypto hedge fund Three Arrows Capital have been frozen by a court in the British Virgin Islands.
With the acquisition of Credit Suisse UBS has once again become a hotel owner. The former Savoy Baur en Ville now operates under the flag of the luxury hotel group Mandarin Oriental and wants to set new standards in the heart of Zurich’s banking district,...
Asset managers in Southeast Asia are operating with all-time high costs, according to an industry outlook by EY which recommends adapting via outsourcing, tech and other solutions.
The CEO believes that the new UBS is misunderstood now, but that it is ultimately a force for good. Sergio Ermotti seems to enjoy science fiction and is in top rhetorical form at the end of the year.
After its suspension eight years ago, Hong Kong is reviving investment-based residency as part of its bid to attract wealthy families into the city.
One man who was the director of 980 companies in Singapore has been jailed and fined for negligent conduct as some of the firms were found to have engaged in money laundering.
Wall Street is the world’s most important financial center, and investment banking is its prime discipline. UBS is also taking part in the concert of the big players, but it only wants to play the second fiddle.
Frankfurt-based Deutsche Bank has doubled its capital in Indonesia, marking the third market in Asia where it has increased investments this year.
The Royal Bank of Canada’s private banking arm has named a permanent head for Asia.
The financial regulator blames remuneration systems for the downfall of Credit Suisse in its new report. Bankers’ bonuses failed to prevent losses or encourage good behavior at the institution.
The six largest giants in tech are exactly nowhere after years of saying they would get rid of legacy banks and shake up a staid and complacent financial industry.
UBS reportedly appointed an equity strategist for Japan – a role that did not exist at the newly enlarged Swiss bank since 2016.
Cevian Capital has become a major shareholder in UBS. The well-known Swedish investment firm is not known for just watching from the sidelines.
Australians are making savvy spending decisions to make their money go further this Christmas amidst the rising cost of living.
Hong Kong-based private equity firm Gaw Capital Partners has hired a former Macquarie banker to join as climate tech strategist for Australia.
Japan’s Nikko Asset Management will strengthen its alternatives capabilities via a partnership with Paris-based Tikehau Capital.
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