The downfall of FTX resulted in a loss of about $200 billion in market capitalization of crypto assets within a few days. Is this now the end of crypto, Ha Duong writes in an essay on finews.first.
For the first time ever, UBS has issued tokenized bonds for wealthy clients in Asia Pacific involving multiple jurisdictions.
Zurich-based wealth manager Julius Baer has announced a change in its private banking unit in Southeast Asia.
Despite continued assurances publicly, Binance chief executive Changpeng Zhao admitted in an internal memo that the firm will face headwinds in the coming months including heightened scrutiny.
US-China relations made a breakthrough in financial markets after the American accounting watchdog said it obtained full access to inspect and investigate the audit papers of Chinese companies for the first time ever in history.
Singapore-headquartered Amber Group is the latest crypto firm to be suffering from market malaise with cancelled bonuses, wage reductions and significant job cuts.
As part of its broader global refresh strategy, Citi will wind down and exit consumer banking in mainland China.
Hong Kong’s Securities and Futures Commission has announced the appointment of a new chief executive officer.
HSBC is facing a fresh round of calls for it to spin off assets by a renowned activist investor, who said the bank was ignoring minority shareholders.
American star economist Nouriel Roubini is often regarded as a pessimist for whom hardly any scenario is too gloomy. At an appearance attended by finews.asia, he showed a surprisingly fatherly side.
International auction house Sotheby’s will expand its presence in Hong Kong after securing a long-term lease for 24,000 square feet of retail space.
A seasoned private banker for the China market has exited BNP Paribas Wealth Management, finews.asia has learned.
In a wide-ranging interview with Swiss television broadcaster SFR, outgoing Finance Minister Ueli Maurer spoke about his time in office and future plans. In addition to his renewed calls for austerity, Credit Suisse was also discussed.
Families in Asia are far more involved in preparing the next generation for philanthropic activities compared to other regions, according to an HSBC study.
Hong Kong's Securities and Futures Commission has issued a warning about crypto-linked deposit or savings products, highlighting risks such as unregulated lending activities.
Jean Keller, the CEO of Geneva-based fund boutique Quaero Capital, believes in the future of investing in a sustainable economy. Companies are encouraged to set net-zero greenhouse gas emission targets, he explains in an interview with finews.asia.
Significant withdrawals are being made at Binance but the crypto giant has shrugged off concerns and made reassurances about its financial health.
Hong Kong asset manager Value Partners has launched an app that allows users to build portfolios using its mutual funds.
An avalanche of charges has hit FTX founder Sam Bankman-Fried shortly after he was arrested by police in the Bahamas.
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