Renowned non-bank lender PrimeCredit is reportedly seeking a sale in the midst of an ongoing outbreak that has undoubtedly hit its consumer base’s repayment outlook.
A group of more than 3,000 investors gathered in Hong Kong, demanding the British lender to ignore Bank of England orders and make the final dividend payout for 2019.
The bank said it expanded its service to new asset classes in response to the increasing demand for reviewing the investment portfolio due to recent market volatility.
The boutique private bank has added to its external asset managers and intermediaries team in Singapore.
The fintech firm has raised $120 million in new funding, intended to support digital financial services provider Paymaya's rapid growth in the Philippines.
CEOs work from home just like you and me: they work from the kitchen table, listen to «The Who» on coffee breaks, and enjoy take-out pizza sometimes. finews asked around.
The Monetary Authority of Singapore (MAS) will publish details of its net purchases of FX from its intervention operations from 1 July 2019 to 31 December 2019, on 9 April, instead of July 2020.
Banks across Singapore are closing branches due to the reduced traffic expected as a result of enhanced social distancing measures, announced on Friday to curb the spread of Covid-19.
The multi-family office and investment manager's new strategic advisor brings significant expertise from the wealth management industry in Asia and has a strong track record in building and growing businesses in this sector.
EFG International has appointed a head of private banking for Latin America. He was already in charge of asset management in the market and will retain the responsibility for this business.
The Swiss bank is launching a new investment banking group for sustainable business. Besides the fast-growing «cleantech» industry, the group targets oil and gas firms.
Firms in Asia Pacific will need to raise $69.3 billion – a near record-high – to refinance existing loans in the second quarter, according to Refinitv data.
The Monetary Authority of Singapore named an assistant managing director to oversee a newly created unit alongside the economic analysis, surveillance and forecasting department.
The employee share ownership fund of Chinese property giant Vanke will donate its entire holdings to finance a new health institute with Tsinghua University.
The global asset manager promoted its APAC head of institutional to the newly created role to further bolster its Southeast Asia business.
J.P. Morgan increased its stake in its Chinese mutual fund joint venture, marking yet another milestone for foreign participation in the mainland’s financial sector.
HSBC continues to bolster its private banking business in Asia with its hire of chief operating officer, who joins from J.P. Morgan's wealth arm, finews.asia has learned.
The Asian Development Bank estimates that the world economy could register up to a $4.1 trillion drop and warned that even such dire forecasts could face revisions for the worse.
HSBC and Standard Chartered were named by Hong Kong authorities as lenders which are welcome to relocate headquarters to the city where they derive the majority of profits.
The corona pandemic is a crisis of healthcare – but some bankers are finding ways to mobilizing their expertise, networks, and other resources to help in the fight of the novel virus.
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