The Monetary Authority of Singapore (MAS) has received applications from 167 smaller financial institutions and fintech firms for a grant that offsets their expenses for adopting digital solutions.
One of the largest Beijing bears in the hedge fund industry, Kyle Bass, has reportedly set up a strategy with 200 times leverage betting on the collapse of a peg installed at the current range since 1983.
UBS is widening the new offering for the richest of its clients to more markets after launching it in the U.S. in May.
The Swiss banking regulator is looking into allegations of money laundering at private bank Julius Baer. The case surfaces only a few months after Finma had rebuked the bank for grave deficiencies in tackling money laundering.
The legacy of racism pervades the financial system to this day – African-Americans are still discriminated against on the basis of a long-disproven methodology.
The bank's CEO cited a sturdier second-quarter – apparently in large part due to its dealings with wealthy clients.
The German bank’s top private banker is expanding his remit under a reorganization of its wealth management, private client, and corporate banking arms.
The Singapore Fintech Association has launched a digital self-assessment framework to expedite partnerships between fintech firms and financial institutions and promote a sustainable outsourcing relationship.
Pictet Wealth Management believes that the intense and collective intellectual efforts worldwide will yield an accelerated outcome with a coronavirus vaccine very likely available by year-end.
UBS continues to accelerate growth in Asia, despite an economically troubling coronavirus pandemic, with plans to add 300 new jobs in Singapore.
The company is focused on serving the foreign exchange and cross-border payment needs of small and medium-sized enterprises.
The asset management arm of U.K. insurer, Aviva Investors, said it was «uneasy» with HSBC and Standard Chartered’s decision to publicly voice support over the national security law in Hong Kong.
An Asia-based sniper executive at Axa Investment Managers expressed confidence in Hong Kong and its ability to retain its status as a global financial hub, despite domestic turbulence.
Switzerland's major banks have long felt they don't get the credit they are due from shareholders because of their wealth operations. Now both UBS and Credit Suisse have been upended from Europe's banking sector.
Six of the 10 most expensive cities for expats, including the top three, are in Asia, in the latest global ranking by Mercer.
Hong Kong’s financial sector is undergoing one of the most turbulent transitionary phases in recent history with very divided views about the future of its global hub status.
The bank launched its virtual wealth advisory service in April, at the height of Singapore's partial lockdown, and saw a 45-percent increase in the sale of wealth products in the first 10 days, compared with the 10 days.
The bank's top anti-money laundering executive is leaving for Facebook-backed payments project Libra, finews.asia can reveal.
U.S. Secretary of State Mike Pompeo called HSBC’s recent exchanges with Beijing regarding the controversial national security law in Hong Kong a «cautionary tale» and condemned China’s «coercive bullying tactics».
The senior executive brings with him more than 20 years of experience in global financial markets with an extensive research track record in currencies.
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