In 2022, Union Bancaire Privée paid high integration costs for acquisitions and saw a record outflow of institutional client funds. It still turned a profit, but how?
The Year of the Rabbit is here. We at finews.asia would like to send you best wishes for the Lunar New Year!
Artificial intelligence has the potential to revolutionize banking. ChatGPT offers an early taste of what that might look like. But do client advisors have to worry about their jobs? Teodoro Cocca asks that very question in a piece for finews.first.
The new chief of fallen crypto exchange FTX is reportedly exploring the possible revival of the international business as a means of achieving greater financial recovery.
US asset manager Franklin Templeton has hired a former Citi managing director to support its sales efforts in the region.
Francesco De Ferrari has four priorities that will bring the major Swiss bank's wealth management business back on track. In an interview with finews.asia, he notes the possibility of making acquisitions and discusses the power of social media, and forecasts when...
In the Year of the Rabbit, finews.asia is once again rounding up the top private banks in the region to take a look at how they are celebrating the tradition via one of its most significant customs: the gifting of red packets.
The bonus pool is becoming still shallower at Credit Suisse. To retain its executives, Credit Suisse is said to be resorting to a concept it used last year.
J.P. Morgan Asset Management has received regulatory approval for full ownership of its China joint venture more than two years after it first submitted an application.
EFG private bank has several hundred million francs in excess capital available for transactions. Expansion in Asia is a strategic priority, and board member Boris Collardi's network of contacts is invaluable for growth plans in the region.
Dubai has become the preferred destination for wealthy Indians in recent years. UBS is said to have poached a team of wealth managers from Credit Suisse catering to this group.
A meeting in Zurich between the US Treasury Secretary and a key Chinese leader hints at warmer ties. That is something bankers in Asia would more than welcome.
Authorities in Hong Kong are promoting the city’s financial sector to the world, including by luring Middle East companies to consider listing opportunities in the city.
A Russian national and founder of a Hong Kong-registered crypto exchange has been arrested by US authorities and charged with processing illicit funds.
Despite an improving macro backdrop in 2023, UBS is not ready to call it a bull market year and is advising investors to be defensive.
BNP Paribas has announced the appointment of a new head of transaction banking for Asia Pacific.
US asset manager Federated Hermes has expanded its global stewardship business with the hire of a new team lead for Asia and emerging markets.
After reporting outflows in the tens of billions in November, the tide is turning and money is flowing back to Credit Suisse says its CEO.
One of the biggest clients of Credit Suisse's Swiss investment bankers last year was the bank itself. Because it is defending its market leadership, the team has been practically spared job cuts within the Group.
Around $5.5 billion of liquid assets has been identified at FTX along with a substantial shortfall partly due to unauthorized transfers.
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