Julius Baer International, a subsidiary of Swiss private bank Julius Baer accepts the ruling from the UK's FCA and will pay a substantial fine. The three employees involved are appealing.
Since the start of rights trading, Credit Suisse's share price steadily eroded, and the price of insuring its debt bond is shooting up. Observers see speculators at work.
BNP Paribas has bolstered its Asia Pacific transaction banking unit with two new appointments for global trade solutions.
In a time when cash usage is dwindling and big banknotes are increasingly falling into disrepute, one central bank is steadfast. The Swiss National Bank makes a case for cash.
The social media channels of major Hong Kong-based crypto firm Atom Asset Exchange have gone offline, sparking concerns of an impending collapse.
Inflationary pressures are on the rise with the vast majority of family offices in Asia Pacific citing it as the biggest risk to markets, according to a survey by Raffles Family Office and Campden Wealth.
Swiss crypto bank SEBA will look to establish its Asia Pacific presence with the opening of a new office in Hong Kong.
Japan’s largest brokerage Nomura is seeking to boost revenue via wealth management as well as its equities and private markets businesses.
US asset manager Federated Hermes has appointed a new director for wholesale distribution in Asia Pacific.
Indosuez Wealth Management has expanded its Southeast Asia business with the hire of three new executives.
HSBC will look to exit its Canadian business and sell the unit to local giant RBC with considerations of issuing a one-off dividend through the surplus generated from the deal.
Despite recently taking a more cautious regulatory approach, Singapore ranked as the most business-friendly country worldwide for cryptocurrencies, according to Coincub.com.
Despite their reputation for internet usage and self-driven thinking, millennials in Asia are found to be most reliant on their families as the top source of financial advice, according to a report by British wealth manager St. James's Place.
Fidelity International has hired an ex-HSBC executive as its new group chief marketing officer.
A refreshed strategy has Credit Suisse focused on onshoring, China, the ultra-rich and high net-worth individuals. APAC wealth management head Benjamin Cavalli spoke to finews.asia about the long-term vision for the business in the region.
Turbulence in the capital markets hasn't done much to hurt the super-rich. One fintech entrepreneur even made it into the top ten of a popular ranking.
Singapore state investor Temasek will expand its European presence with a third office in Paris to be opened in 2023.
Rights trading for Credit Suisse shares started today and, as expected, the price headed lower. But the discount is significantly greater than anticipated.
The economic downturn and muted outlook have not stopped wealthy Chinese from adding new art to their portfolios, according to Christie’s Asia Pacific president Facris Belin, noting that the country remained a dominant buyer even in recent times.
Switzerland has always been a magnet for the ultra-rich with China dominating flows from Asia in the last two years, Citigroup’s Laurence Mandrile told finews.asia.
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