What do rogue traders have in common? Will the advent of big data in finance be their undoing? A UBS banker who helped investigate Kweku Adoboli's $2 billion trading scam reveals his insight.
Peter Schmid, the head of UBP in Zurich, tells finews.asia why all the doomsday scenarios for offshore banking were wrong, and why he opens a client account himself every now and then.
Swiss banks aren't out of the woods yet on penalties for hiding illicit and untaxed money, finews.com's Katharina Bart told finews.com-TV.
Portfolio information, client advice and trade execution are all expected to be done online. Planet of finance is slowly finding its happy medium between digital and human.
The widely-respected head of Julius Baer's business in India has left the Swiss bank. He is being replaced with a Merrill Lynch veteran.
The Chief Executive of Helvetia Insurance in Asia has decided to take on a new professional challenge outside of the company, finews.asia can reveal exclusively.
Consulting firm Mercer, a wholly owned subsidiary of Marsh & McLennan, announced recent appointments to support the firm’s growth in Asia.
Law firm Withers has bulked up its Asian business with a bold Greater China-focused move.
Singapore's sovereign wealth fund is in talks to acquire a large stake in a market intelligence and data company, shortly after dumping a billion-dollar stake in Swiss bank UBS.
In a move which could mean more dilution of bank revenues, Facebook has won approval for a P2P patent in Australia. It might also herald the same move across Asia.
Equiom, a professional services provider with a growing Asian presence, has announced some key changes within its senior management team.
Aberdeen Asset Management has expanded its Taiwan business acquiring the business of a Hong Kong based investment firm.
HSBC has finally received the go-ahead for its joint venture from China’s securities regulator.
Swiss farmers are leading herds of cows, sheep and goats into the alps for the summer grazing season. In an unconventional tie-up, a Swiss bank is recruiting cheesemakers to help with the season's crop.
Vontobel is doing fine even without Rajiv Jain, says Axel Schwarzer in an interview with finews.asia. The head of asset management also expects active investment to witness a revival.
Singapore's DBS Bank has launched a financial planning centre which offers free advisory services, with no financial products being sold.
Jho Low, alleged to be the financial mastermind behind siphoning millions from Malaysia's 1MDB, is reportedly using a device common among the super-wealthy as he sweats out potential criminal charges.
The financial affiliate of Jack Ma's Chinese Internet giant Alibaba Group has announced a partnership with the city of Fuzhou to build what it called a «cashless society.»
MAS head Ravi Menon looked back on a year of crackdowns over 1MDB, which saw two Swiss banks sent packing and several bankers jailed. The scandal likely represents the biggest test of his career.
Denmark has a growing reputation as a financial technology innovation hub, the country's regulator has now tied-up with an Asian counterpart.
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