Shareholders approve two capital increases which will raise around 4 billion Swiss francs.
Speculation over the contagion effects of the FTX bankruptcy has been brewing for days. Negative reports around the crypto broker Genesis are intensifying.
FTX was run as Sam Bankman-Fried’s «personal fiefdom», according to a recent court hearing, with hundred of millions of dollars spent on real estate.
Since the end of the third quarter, Credit Suisse experienced a further drop in assets under management. It warns of a loss in its wealth management business.
The Monetary Authority of Singapore issued a statement to defend its regulatory stance in the FTX debacle, in part by detailing the reason behind the difference in treatment when dealing with crypto rival Binance.
Faced with declining assets, Swiss private banks are pumping the brakes on costs nearly across the board. But that is only a short-term solution.
Hong Kong digital wealth firm Quantifeed plans to widen its global footprints with the acquisition of a UK fintech firm.
An FTX collapse has extended the broader crypto downturn but this time around, global banks appear relatively more positive about the longer-term outlook, illustrating the recent woes as a net positive for overall market development.
The head of the Swiss National Bank's branch office in Singapore is returning to Switzerland to take on a role in Zurich.
Following the departure of its head of equities trading, Credit Suisse is now splitting the role.
The world's largest bitcoin fund is increasingly coming under the dark cloud of the FTX crash. For its part, crypto asset manager Grayscale is backed by the powerful Digital Currency Group.
Morningstar has announced the appointment of a passive investment ratings director based in Hong Kong.
BNP Paribas announced the appointment of transaction banking heads for Southeast Asia and India.
Citi has hired a trio of corporate and investment bankers in Hong Kong from British lenders, Standard Chartered and HSBC.
AXA’s alternative investments arm has announced the appointment of a head of client group for Asia.
A former JPMorgan executive is joining Deutsche Bank as a managing director and group head for wealth management in Southeast Asia.
With plummeting stock market valuations this year, private market investments are in vogue. But a slowdown in business is now taking place, Pierre Stadler tells finews.asia in an interview.
After a transition period, Credit Suisse's head of global equities will depart the Swiss bank.
Any attempt at being too friendly has its risks, said Ethereum co-founder Vitalik Buterin who warned hubs against accidentally attracting figures like Luna's Do Kwon.
Revelations continue to surface at fallen crypto exchange FTX with the latest court filing showing billions of dollars owed to dozens of creditors.
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