«OneDegree» – founded in 2016 by a former J.P. Morgan banker – has been awarded a license for online-only insurance with a focus on medical coverage for pets.
The Swiss firm that provides digital banking software-as-a-service solutions (SaaS) has named a new managing director, who will be responsible for development in a region it considers a strategic key market.
Citic Securities and CSC Financial, China’s two largest brokerage houses, could potentially merge to become a heavyweight investment bank in anticipation of new foreign entrants.
The Swiss private bank follows similar moves by Julius Baer, UBS and Credit Suisse, after calls by Finma to preserve capital for crisis times.
Neobanking penetration rates in Hong Kong when broken down by age reveal something unexpected: this market isn’t really dominated by millennials at all.
For a long time, Singapore was considered a leader in coronavirus containment. However, a marked increase in new cases in recent weeks has prompted the government to take drastic measures to curb the spread of the virus. This series compiled by finews.asia takes a glimpse...
Hong Kong’s small brokerages are shutting down at the fastest pace since record began in 2003 – ironically the year the last health crisis hit the city.
Video chat and conferencing apps have surged in popularity amid the shutdown caused by the Covid-19 pandemic, but they are facing renewed safety and privacy concerns.
How is the largest wealth manager in Asia dealing with the worst crisis to hit the region in over a decade? finews.asia speaks exclusively to UBS chief Amy Lo in Hong Kong to find out.
Citigroup’s Asia Pacific chief executive Peter Babej reassured clients that the bank was committed to support the region amid the pandemic, including through a $15 million global donation.
The Singapore property developer will use the funds to finance or refinance the development, investment and acquisition of certified green buildings.
The G20’s Financial Stability Board has called on global regulators to be mindful not only of the opportunities but also of the risks involved with so-called «stablecoins» like Facebook’s Libra.
Banking software maker Temenos has pulled its guidance after revenues declined in the first quarter due to the coronavirus lockdown.
The monetary policy measures taken by the world's main central banks in response to the outbreak of the coronavirus has paved the way for higher gold prices. Nevertheless, the precious metals' business as a whole has come under severe stress recently.
The bank said it is expecting to suffer a $1.43 billion hit to its first-half earnings.
A senior official from China’s central bank claimed that its stimulus injections were ten times more efficient than liquidity released from the U.S. Federal Reserve.
His remuneration comprised a base salary of S$1.24 million, a bonus of $5.84 million, deferred shares worth S$3.89 million, and other benefits worth $102,000, but he donated more than half his base salary to charity.
The Swiss private bank is the third to acquiesce and disperse a planned shareholder payout in two installments. The move is in response to the crisis sparked by Covid-19.
Thailand’s third-largest lender has received preliminary approval to operate in the Southeast Asian nation of 54 million people.
As the number of unlinked Covid-19 cases in Singapore continues to climb, ABS is advising customers of the additional measures taken by the banks to reduce the risk of transmission.
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