Authorities in Singapore have launched a massive investigation into nearly 400 suspects of scams and money laundering.
Malaysia’s Maybank has announced the promotion of a wealth management veteran to become chief executive officer of Singapore.
Investors face the challenges of higher rates, slower growth and geopolitical tensions next year, according to Geneva-headquartered Lombard Odier.
The insolvency of Austrian property firm Signa is expected to result in a drag on the credit quality and profitability at some banks in Europe, including Switzerland.
The asset management arm of J.P. Morgan has held on to its spot as the top fund firm in mainland China, driven by improvements in branding, according to a report by financial technology solutions provider Broadridge.
It’s not just private bank Julius Baer that’s rumored to have financed companies in investor René Benko’s Signa conglomerate. Credit Suisse is also said to have lent tens of millions – now its new parent company UBS could be left lumbered with the loans.
Margins for the asset management business in Asia Pacific are higher and relatively stable compared to other regions, according to a KPMG report.
Sumitomo Mitsui Banking Corporation expands its private credit business in Asia with the hire of a former Nomura executive.
Malaysia-based banking software firm Silverlake Axis has named a new group chief who will start her role in 2025.
In the midst of a persistent slowdown in deal flow, HSBC has reportedly cut several bankers in Hong Kong.
The private banking arm of OCBC has expanded its Dubai business with the hire of a former structured product expert from BNP Paribas.
In summer 2022, the city of Lugano gave the green light for a payment platform that allowed companies and citizens to pay certain types of taxes and charges with cryptocurrencies. This is now being expanded to include other taxes and fees, although the city only...
The banking industry is one of the sectors with the largest opportunities from activities related to generative artificial intelligence, according to a McKinsey report, with an estimated annual value of at least $200 billion.
Japan’s Sumitomo Mitsui Banking Corporation has announced the appointment of a head of corporate coverage in India.
Singapore-headquartered Lighthouse Canton welcomes a 30-year markets veteran and generative artificial intelligence expert to its board.
While the emergence of digital wealth custodians is driving disintermediation between traditional banks and external asset managers, there is still enough market share for certain players in the region, Swissquote’s Rafael Weber told finews.asia in a recent...
Virtually all entrepreneurs worldwide intend to reveal their wealth transfer plans, according to an HSBC report, though most in Asia have yet to start the conversation.
The growth of China’s share in life insurance savings premiums is expected to outpace other markets in the coming decade, according to a study by Swiss Re.
The former Credit Suisse chairman had to stand down after he broke Swiss quarantine regulations. UBS has now sold the corporate jet the Portuguese citizen used to travel.
New York-based private equity firm Warburg Pincus has announced changes to its senior management team in Asia.
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