Wealth manager UBS is poaching the banker instrumental in setting up Credit Suisse's entrepreneur's bank. He is the first prominent defector to join Iqbal Khan at UBS.
Private-banking software maker Avaloq has signed with a global IT firm. The deal will dramatically widen the reach of the company.
The coronavirus roiled dealing rooms when it began spreading worldwide, but its effect on the burgeoning sustainable investment trend could be even more dramatic, UBS' Michael Baldinger writes for finews.asia.
JPMorgan Chase will boost its credit reserves again in the second quarter to approximately match the last quarter’s $7 billion in anticipation of more potential defaults.
The Hong Kong-based offices of Chinese banks and brokerages have been reportedly drumming up support for the newly proposed national security law reportedly by pressuring employees to sign petitions.
The bourse said it will continue to broaden and deepen coverage of Asia by developing more derivatives products on its own or in collaboration with its partners.
The former Credit Suisse top executive who was sacked over a botched spy scheme has enlisted with a big consulting firm.
To accelerate digital transformation and boost e-payment adoption, the Singapore Government is allocating more than S$500 million ($352 million) in funding to businesses.
The financial services and fintech senior executive joins from Standard Chartered, where she was the managing director and chief commercial officer of its ventures and fintech investment unit.
The economically crippling coronavirus pandemic has driven HSBC’s board to push the British lender not only to restart the original overhaul strategy but also further deepen cost cuts.
The world's second-largest reinsurer is strengthening the leadership of its Property & Casualty and Life & Health (L&H) businesses as it aims to support regional expansion.
Beijing’s announcement that it would enact national security law in Hong Kong spooked investors, leading to worries about the consequent impact to local markets. finews.asia spoke to global banks about the outlook for Hong Kong equities.
According to the trade ministry, disruptions to economic activity in major economies around the world as a result of the Covid-19 pandemic «have been more severe than expected.»
Credit Suisse halted job cuts when the pandemic broke out. CEO Thomas Gottstein is poised to ease the moratorium, signaling mid-term cuts to staff.
IMTF is reinforcing its Asia Pacific focus and presence with the appointment of a new executive to the company’s management team.
The Hong Kong Bar Association issued a statement expressing its concerns about legal validity, consistency and ambiguity following last week’s move by Beijing to push for security legislation in the autonomous city.
A former employee of Coutts private bank is standing trial in Zurich for breaking money-laundering laws. He was the compliance officer who gave the green light for transactions on behalf of Jho Low, the alleged mastermind of the 1MDB graft scandal.
China's regulator expressed its discontent with a new bill that would tighten listing rules in the U.S., describing the move as a politicization of securities rules.
Quintet is naming a former UBS top executive who went on to run Coutts as its new chairman, finews.asia has learned. The move is a bid to upgrade and diversify the wealth manager's oversight as it embarks on a reinvention.
China’s sovereign wealth funds – CIC – will seek to add resilient assets in the current market environment to «avoid going back to the intensive care unit».
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