Westpac Bank entered into an agreement to sell Hastings Funds Management, a business it tried to sell earlier this year.
China’s central bank is conducting research to issue the country’s own sovereign digital currency.
HSBC established a strategic investment team to search out fintech start-up companies in Malaysia.
Switzerland served as a model for Singapore in the past, but the two have now shifted into a more balanced relationship – especially in the finance industry, Swiss ambassador Thomas Kupfer writes in an exclusive essay for finews.first.
Wealthy commuters between Singapore and Switzerland are about to see a new luxury class. finews.asia has pictures of Singapore Airlines' newly-refurbished first and business class pods.
Leonteq's restructuring has claimed another high-level victim. The latest executive to leave had been with the derivatives boutique for less than one year.
Activist hedge fund RBR is urging Tidjane Thiam to abandon his strategy for Credit Suisse and to split the Swiss bank into three parts. The two may soon meet face-to-face.
Commonwealth Bank of Australia wasted no time in utilizing the facial recognition tech on the new iPhone X.
Tidjane Thiam is famously ambitious, insular and inscrutable. How is he coping as he approaches his third year at the helm of Credit Suisse, nearing the end of a grueling three-year overhaul of the Swiss bank? A finews.asia profile.
China's HNA Group is issuing a high coupon, short-dated bond to global investors in a bid to refinance its debt. The move raises questions about the financial probity of Deutsche Bank's biggest shareholder.
Singapore authorities are probing the dealings of Goldman Sachs with the Malaysian state investment fund commonly known as 1MDB, according to a media report. The bank raised some $6 billion for the fund, meant for development projects.
India is about to fall in line with other Asian jurisdictions in suppressing cryptocurrency hysteria.
Reliance Industries Chairman Mukesh Ambani on Wednesday became the richest man in Asia.
Jamie Dimon of J.P. Morgan and UBS' Sergio Ermotti have made clear they don't trust bitcoin. Where does Credit Suisse boss Tidjane Thiam stand on the cryptocurrency boom?
Credit Suisse boss Tidjane Thiam and hedge fund activist Rudolf Bohli are competing with opposing strategies for investor favor. Who won the first round?
Growing wealth in Asia has seen many banks add to their client facing teams, Credit Suisse however is bucking that trend.
Hurricanes in the U.S. and Caribbean as well as a massive earthquake in Mexico pushed Swiss Re to a nine-month loss. The world's second-largest reinsurer faces $3.6 billion in claims linked to the devastation.
Credit Suisse protected quarterly profits from a fall in revenue by slashing costs. The Swiss bank's underachiever? Its Swiss unit, where profits crumpled. The standouts? Private banking and Asia, which benefited from major job cuts.
Credit Suisse recently marked the first anniversary of onshore wealth management in Thailand. Now the Swiss bank is looking at opening in another Southeast Asian country.
With the experience of three decades of banking in Asia, Lombard Odier aims to boost its business in the growth region through further partnerships with local companies.
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