While there are some takeaways from experience in work-from-home conditions, DBS chief executive Piyush Gupta echoed industry sentiments about the importance of retaining physical touch as the banking industry grapples with life after the pandemic.
While profits were down slightly in the first half of the year, the Munich-based insurance and asset management provider increased its total revenues in the region.
There will be no more neutrality for banks, according to multiple academics, as the financial industry as a whole will be forced to choose between the U.S. or China – not both.
The bank's performance was hit by declining margins and pre-emptive credit provisioning as the effects of the Covid-19 pandemic continues to devastate the global economy.
A five-fold surge in allowances primarily focused on coronavirus-linked risks drove net profits at DBS to tumble 26 percent in the first half.
Digital applications at wealth managers are crude and lag even those of retail banks, a new study finds. No Swiss provider made it into the top-ten rankings, finews.asia reports.
He brings 15 years of experience in the finance industry, and will work closely with the management team overseeing the Greater China market.
SGX is launching Asia's first real estate investment trust (Reit) futures on the back of rising global investor demand for real estate-related investment products and trading solutions.
Singapore will only see minimal impact from Franklin Templeton’s job-cutting exercise worldwide following its acquisition of Legg Mason.
The bank has made a pair of Singapore-based senior appointments effective October 1, including the creation of a new role, to further support both existing and new clients.
Swiss banks are the latest financial enterprises to be caught in the crossfire between China and its political critiques abroad – this time Swiss Foreign Minister Ignazio Cassis.
Singapore will soon see the establishment of a research institute that will develop deep capabilities to support the needs of digital financial services in Asia.
HSBC stay on course with its China ambitions with the latest target to hire 2,000 to 3,000 wealth planners over the next four years for its mainland business.
He replaces outgoing chief financial officer Frank Stevenaar.
UBS believes China faces a daunting challenge of handling a technology supply chain decoupling that threatens to cut annual growth by 0.5 percent in the coming years.
He brings a deep understanding of the APAC (re)insurance markets, having worked in a number of senior roles at Lloyd’s, following his completion of the firm's graduate scheme in 2008.
Singapore's EDBI has made a strategic investment in fraud protection and payment technologies firm Vesta, which will have its Asia Pacific headquarters in Singapore.
China will undergo historic reform by allowing individual investors the right to class action lawsuits in cases such as fraud and price manipulation following a series of scandals.
Three new online simulators for Wealth Lending will help clients better assess portfolio resiliency.
An article by the Chinese central bank explains how Tomorrow Group, owned by disgraced tycoon Xiao Jianhua, caused the fall of Baoshang Bank through illegal loans, reduced risk control and bad culture.
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