The longstanding veteran resigned after over 11 years with the Singaporean private bank.
The bank's partnership with iSTOX will expand private capital markets access for its clients.
UBS and Credit Suisse are reining in their shareholder payouts. Both had been under pressure from Switzerland's regulator to preserve their capital for crisis times.
The measures are a boost for smaller financial institutions in Singapore, in particular boutique asset managers and fintechs that are struggling with raising capital for digital upgrades and strengthening operational resilience.
The year 2020 marks an exciting start of a new decade for the finance and banking industry in Asia — and possibly no better time than now for transformation.
Singapore’s «big three» – DBS, OCBC, and UOB – pledged support for the workers amidst an ongoing coronavirus outbreak by halting job cuts for the time being, in line with the relief efforts of global banks.
Ren Zhiqiang – property tycoon, Community party member and vocal critic – is reportedly being investigated after he went missing last month, following an essay where he suggested president Xi Jinping was a «clown».
AMTD International became the first company to be listed with a digital ceremony on the Singapore Exchange (SGX) on Wednesday, one day after the city-state's nationwide «circuit breaker» that lasts until May 4.
Hong Kongers have been mobilizing to recruit 5 percent of the shareholder base – the threshold required to trigger an extraordinary general meeting – to confront the bank over scrapped dividends.
Ex-Credit Suisse boss Tidjane Thiam is spending his time helping Africa fight coronavirus fallout. It is viewed as a test run for higher political ambitions.
Professional fund buyers globally anticipated increased market volatility in 2020, taking a more defensive approach to portfolio positioning, according to a survey by Natixis Investment Managers.
The two global banks were named alongside Haitong International Securities as the largest participants in a series of margin loans to Luckin Coffee founder Lu Zhengyao, who subsequently defaulted.
The board has also recommended a final dividend of 55 cents and a special dividend of 20 cents per ordinary share.
Venture capital firms focused on Asia are feeling the effects of a crippling coronavirus pandemic which has led fundraising in the first quarter of 2020 to reach a seven-year low.
A rebound in infections in Hong Kong and Singapore confirms that the epidemic is far from over in Asia. finews.asia speaks exclusively to Credit Suisse's Francois Monnet on facing the pandemic.
A recent survey of institutional investors named government mistrust as the first amongst top concerns that have led to lagging implementation of dedicated China strategies.
Social distancing measures could make the holding of annual general meetings (AGMs) and the performance of statutory audits for full-year financial results challenging, SGX said.
Harbour & Hills has made a strategic acquisition that will allow it to facilitate USD and other major currencies’ payments to China.
Whilst many investors will understandably hold back, a report by KPMG China expects family offices to increase transactional activities and seize opportunities created by the outbreak.
The regulator has announced measures that will help financial institutions maintain key financial services to customers and sustain the flow of credit to the economy.
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