Emerging markets and Asia centric Standard Chartered has joined the growing list of global lenders facing shareholder mutiny on overly generous compensation packages.
In its latest move to try to keep up with advances in financial technology, Japanese banking giant Mizuho Financial is establishing an incubator for virtual currency and AI-based loan-screening ventures.
The attempts by bank executives to augment their bonuses have removed any illusion about what it takes to be a responsible leader, says finews.asia-Editor-in-chief Claude Baumann. This behavior is discrediting an entire profession.
Credit Suisse shareholders backed the reelection of chairman Urs Rohner with a surprising level of support: the controversial lawyer had been at the center of a pay furor at the Swiss bank in recent weeks.
Credit Suisse's top management won shareholder approval for millions in cash and stock as short-term bonuses – only just.
Credit Suisse just barely won approval for pay practices including a 3.09 billion Swiss franc bonus pot. Chairman Urs Rohner received a scathing review from shareholders.
Environmental activists disrupted Credit Suisse's shareholder meeting, drawing attention to a controversial oil pipeline in the U.S. The bank counts construction firms and operators of the pipeline among its clients.
Manulife Asset Management in Malaysia has announced the appointment of a new Chief Executive Officer.
Credit Suisse Chairman Urs Rohner opened a keenly-awaited, contentious shareholder meeting on Friday with a surprising concession – and an apology.
Private bank EFG International saw outflows of client money during the integration of the troubled BSI bank. This was not entirely unexpected for the financial institution.
Authorities in the U.S. looking into the part played by Goldman Sachs with Malaysia's troubled investment fund 1Malaysia Development Berhad, have been scrutinising the accounts of one of the bankers.
UBS rode healthy markets first-quarter markets: profits are considerably higher, also thanks to the Swiss bank's spending cuts.
ANZ is understood to be getting selective as it seeks to find a buyer for its $4 billion wealth management operation.
HSBC Global Asset Management has announced it is hard-closing its HSBC GIF Asia ex Japan Equity Smaller Companies fund to new subscriptions from all investors.
Shareholders of GAM have dealt a major blow to the leadership of the Swiss-based asset manager at the annual general meeting held today. A revolt that may serve as a timely reminder to Credit Suisse.
UBS has been ordered by a U.S. judge to face a lawsuit by a former bond strategist and whistleblower in Manhattan. The plaintiff says he was dismissed unfairly.
Fintech investment was lacklustre in the first quarter of 2017, with the total invested globally over a billion dollars down from the fourth quarter of 2016. Surprisingly Asia fell to the back of the fintech funding pack.
HSBC has appointed an industry veteran and former senior Mondelez International executive as its new group head of marketing.
DBS Bank trimmed senior executive pay by 13 percent last year to hold managers accountable for weaknesses. Meanwhile in Europe a debate on remuneration is also testing Credit Suisse shareholders.
The former and long-standing Asia chief of Julius Baer is leaving the bank, finews.asia can reveal. Nevertheless, he remains connected to the company for the time being.
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