The firm has hired a former director from Fidelity for the same Hong Kong-based role, servicing banks and insurance firms in the region.
DBS has doubled its used-car loan market share, a space traditionally dominated by lenders like Hong Leong Finance and Maybank. It hopes to grab 80 per cent of used-car loans taking place online by 2021.
Citi is the latest in Asia to tap into the digital commerce channel amidst the coronavirus pandemic, partnering with major Hong Kong e-shopping platform HKTVmall.
The world's largest wealth management giant UBS is canceling plans for a physical shareholder meeting at the end of next month. It is holding fast to a hefty dividend.
Blue-chip hedge funds, which have been closed to raising new money for years, are now raising funds to take advantage of the market volatility. In Asia, private debt funds are gaining traction amid adjusted valuations and opportunities.
Sweden is far more radical in combating the coronavirus and stands out in particular when compared to countries such as China and Singapore – often viewed as exemplary in their handling of the crisis. Asian governments don’t hesitate to enforce their measures...
The global IPO market demonstrated resilience, headlined by the rise of Shanghai’s bourse to the top rank based on funds raised.
Blackrock’s chairman and chief executive is confident that the world will make an economic recovery but stresses the need to reevaluate post-coronavirus assumptions.
Digital Bank Contender MatchMove announced on Tuesday it has made a strategic investment into e-commerce enabler Shopmatic.
The Monetary Authority of Singapore called a 2020 recession in its latest policy statement, urging the city-state to brace for business and job losses.
Sergio Ermotti is donating one million francs towards pandemic relief efforts. The UBS boss is working from home in his native Ticino, which borders the hardest-hit area in Europe.
Australia’s banks could face tough decisions of which households and corporates to let go and which to save as banking chiefs prepare for a nightmare scenario of huge economic contraction and bigger-than-expected loan losses.
China signals more monetary support in the midst of a reopening of Wuhan where the coronavirus pandemic originated.
Global asset manager Schroders names the successors to the role after the former regional chief executive was promoted earlier this year.
The coronavirus requires a larger valuation adjustment in VP Bank's loan portfolio – due to one individual position of approximately 20 million Swiss francs.
Standard Chartered on Monday said it will set aside $1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.
Global banks are joining the efforts to offset economic headwinds from a persistent pandemic, signaling suspensions and slowdowns of previously announced job cuts.
Sales agents have seen an uptick of interest for private islands since the first reported coronavirus cases emerged in Wuhan. For Asia's wealthy, this asset class offers the ultimate quarantine amid the coronavirus pandemic.
Goldman Sachs and Morgan Stanley become the latest foreign financial institutions to take advantage of China’s liberalizing financial sector.
Social unrest was singled out as a key driver of a dented outlook, according to a survey by London-based think tank Z/Yen Group, which led the city’s ranking as a leading global financial center to drop to sixth place.
Page 492 of 1007
