Credit Suisse said its net loss for the year was deeper than originally reported, after it added provisions to settle a mortgage securities mis-selling scandal in the U.S. late last year.
Credit Suisse paid its chairman nearly 24 percent more than last year, mostly in cash. The pay rise comes amid a drop of nearly one-third in the Swiss bank's share price last year.
Global insurer Chubb has poached from a rival firm to appoint a new Country President for Chubb Life in Hong Kong.
Citi has announced an update on a number of new hires and promotions made to its wealth business in Australia.
With the imminent retirement of the current Chief Financial Officer on the horizon, the Commonwealth Bank of Australia has named his successor, who is based in Hong Kong.
Michael Bornhaeusser, a software entrepreneur, in an essay describes how he became a venture capitalist, how he goes about to find «his» companies and the role of Sallfort Privatbank.
As the Pope's chief financial regulator, Rene Bruelhart has spent the last four years cleaning up after a series of scandals at the Vatican Bank. He speaks to finews.com about his new role at a Swiss mortgage lender.
With money-laundering, market-rigging and tax evasion scandals, the list of errant Swiss bankers has grown in recent years. A Swiss court has put a halt to a list of bankers who have flunked the «honesty test».
Singapore’s third largest lender, United Overseas Bank, has received preliminary approval from the State Bank of Vietnam to establish a foreign-owned subsidiary bank in the country.
Falcon Private Bank skidded to a loss, when the bank was roiled by the 1MDB scandal, forcing a capital injection from its Abu Dhabi owner. The Swiss bank also named its fourth chairman in seven years.
British bank Barclays has fallen foul of the Australian regulator who has has accepted an enforceable undertaking from three of Barclays’ foreign financial services providers.
The Group Head Digital Bank at DBS is leaving to pursue a new role in another organisation outside Singapore. His successor has been named.
AMP Capital has announced team changes which will see its senior directors swap locations with one leaving Asia and one relocating there.
Singapore's UOB Asset Management has partnered with a prominent U.S fund manager to tap into the current enthusiasm around all things tech.
The two big Swiss banks remain top players among the world’s investment banks. A group of competitors seem to pull ahead though and European banks have to work hard to recover lost ground from their U.S. rivals.
Wealth management software firm Bravura Solutions has made internal promotions to replace its head sales role and chief operating officer.
Mirabaud did well well last year, despite a challenging market for private banks. The owners of the Geneva-based institution are determined to develop their business further.
The emergence of Warburg Pincus as a major shareholder in Avaloq has boosted the banking software's leadership. A new advisory body is abundantly stocked with prominent industry names.
A private equity buyer is buying more than one-third of Avaloq, finews.asia has learned. The deal values the banking software firm at 1 billion Swiss francs.
Wealth management in Singapore is thriving, relatively speaking, however the growing ranks of independent wealth managers in the city-state believe now is the time to think and prepare for the future.
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