While readers were digesting news that HSBC was looking to hire up to 1,000 staff in the Pearl River Delta conurbation, the bank was reportedly sacking 120 jobs from its IT and information department in Hong Kong.
Singapore and France have boosted fintech ties with new cooperation agreements. The signings came during a visit to the city-state by French President François Hollande.
Australia's largest litigation funder, IMF Bentham, is expanding its business in Asia with the launch of a new office in Singapore.
UBS is moving its head of private banking Switzerland to run a unit which tailors investment bank-style products for the ultra-wealthy.
Brexit and the United States election made a dent in the new Global Financial Centres Index. Major hubs such as London and New York fell in favour dramatically, according to the latest statistics.
China’s visible progress with its reform agenda and reaffirmation of key policy targets and initiatives at this year’s National People’s Congress bode well for the country’s most competitive and industry-leading corporations, says Mike Shiao at Invesco.
Indonesia's tax office is to step up scrutiny on wealthy Indonesians not participating in the country's high profile tax amnesty.
Most bankers at Credit Suisse don’t expect the planned IPO of the Swiss business to ever take place. Which puts them in a rather awkward situation when they meet clients.
Zurich Insurance is asking shareholders for a massive boost in authorized capital. This would leave the insurer with wiggle room for a sizable cap hike.
Citibank in Korea has announced further investments and ambitious targets to further drive growth across its Consumer Banking and Wealth Management franchise.
Japanese banking giant Mizuho and trading company Marubeni have agreed to explore opportunities by providing new financial services in the ASEAN region via financial technology.
Legg Mason has announced the appointment of the firm's National Key Account Manager and Head of the newly opened Sydney office.
HSBC has announced plans to expand in southern China and could add as many as 1000 new positions in its retail and wealth management unit in 2017.
Swiss bank UBS has hired several notable fixed income bankers in recent months. Is the bank getting back into fixed income, which it largely abandoned in 2012?
BT Financial Group's Chief Investment Officer, has parted ways with the company without a bonus or termination payments, following a number of complaints by two female staff about his behaviour.
How quickly will Avaloq list its shares now that it has an influential private equity shareholder? finews.com speaks to Dan Zilberman, the Warburg Pincus executive who has pursued the banking software maker for the last three and a half years.
Global research institute MyPrivateBanking rated the digital solution Vontobel Mobile Private Banking as number three among the leading online wealth management services for HNW und UHNW clients.
The Hong Kong Securities and Futures Commission has resolved its concerns with two Merrill Lynch entities, but has reprimanded them and slapped them with a substantial fine.
The finance industry never tires of complaining about dwindling respect and trust in bankers. Prominent examples in Switzerland underscore the blatant lack of self-awareness over the reasons why. A finews.com commentary.
Hogan Lovells has acquired the services of a finance partner in Singapore from rival law firm Norton Rose.
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