Jefferies Group announced that its long-time Chief Financial Officer has died from complications after being infected by the coronavirus. His death marks one of the first deaths among senior Wall Street executives from the pandemic.
The frenzy to buy physical gold is driving demand for well-known coins like the Krugerrand, Maple Leaf, or American Eagle. A Swiss-issued coin is one of the few still to be had.
New Credit Suisse boss Thomas Gottstein is emerging as a linchpin in a public-private effort to shore up the economy.
In the investment business, terms are often used that only appear to have sharp and precise meanings. Upon closer examination, these terms are blurry or – in other words – they suggest something that is not always congruent with reality, Stefano Lecchini writes.
The bank's former top investment banker has launched a family office.
Hong Kong's Securities and Futures Commission (SFC) has reminded fund industry participants and intermediaries of their obligations to look after the interests of clients, given the potential impact of the Covid-19 outbreak on market volatility and liquidity as...
The real assets fund manager has bought a majority stake in the U.K.-based investment manager in its foray into European real estate private debt.
Wealth manager Marcuard Heritage adds two managing directors to its team in Singapore. Both of them moved to the city-state 20 years ago.
The ongoing Covid-19 virus outbreak has only accelerated dealmaking in fintech, especially in Singapore and Southeast Asia, where digital banking applicants and traditional banks alike are shoring up their capabilities to compete in the new market, according to...
United Overseas Bank has confirmed a case of Covid-19 at Tower 2 of its UOB Plaza headquarters in Singapore.
Less than two weeks after being named the permanent chief executive, Noel Quinn’s path to executing the group strategy is already being derailed.
The new Financing and Securities Services unit brings together Securities Services (currently under Transaction Banking) and Portfolio Risk Management in the Financial Markets business.
The Monetary Authority of Singapore (MAS) has announced operationalization details of its USD swap facility with the U.S. Federal Reserve Bank.
Movement restrictions of people and goods could extend to capital in some emerging markets as they suffer from crippling outflows fuelled by the pandemic.
Hollywood's «Wall Street» made a deep impression on the young Grégoire Bordier. The blockbuster was one of the reasons why he launched his professional career as an investment banker in New York. Eventually, the citizen of Geneva became a private banker, like his...
Citigroup's South Asia head of private banking is leaving the firm at the end of March.
Banks in the U.S. could see their full-year profits wiped out, with the sector getting pushed into the red for the first time in more than a decade, analysts at rating agency S&P Global Ratings warned.
The government has announced that it would provide an additional S$48 billion ($33.36 billion) in support measures to mitigate the extent of the economic downturn.
China is set to take direct control of national asset management companies which were originally established to manage the non-performing loans from the state-owned «big four» banks.
Regional banks in Asia increasingly at risk, driven by years of low margins, bad debt and now the threat of ratings cuts even as they play key roles in ensuring credit availability to small businesses.
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