Tuesday, 19 November 2024

FINANCE Wednesday, 15 February 2017 06:25

Credit Suisse: More «Boom» Than «Doom»

Tidjane Thiam has put his stamp on Credit Suisse after his first full year running the bank. The strategy is beginning to take hold, is his message. finews.asia looks behind the Swiss bank's massive construction.

FINANCE Wednesday, 15 February 2017 06:23

Benjamin Cavalli: «This is an Area We Expect Will Grow in the Future»

Benjamin Cavalli, Credit Suisse's private banking head for Southeast Asia in Singapore and newly appointed in the additional role as CEO Singapore, spoke to finews.asia about the region's wealthy.

FINANCE Tuesday, 14 February 2017 18:13

Jho Low Bids to Stop Asset Grab

More signs of Jho Low, without the man himself surfacing: the Malaysian businessman at the center of the 1MDB scandal is attempting to grab back luxury assets from U.S. officials.

PEOPLE Tuesday, 14 February 2017 15:09

Qatar Shareholder Leaves Credit Suisse Board

Three Credit Suisse board members won't stand for re-election in April. Among them: the representative of Qatar, the second-largest shareholder in the Swiss bank.   

FINANCE Tuesday, 14 February 2017 15:04

Credit Suisse: Massive Increase of Relationship Managers in Asia

As of the end of the fourth quarter 2016, assets under management in Asia Pacific were slightly lower compared to the previous quarter, Credit Suisse reported on Tuesday.

FINANCE Tuesday, 14 February 2017 14:53

Credit Suisse Net Loss Narrows

Credit Suisse's net loss narrowed in the fourth quarter, as the Swiss bank earned more commissions and fees as well as trading income. Spending ticked higher, undercutting the bank's pledge.

FINANCE Tuesday, 14 February 2017 13:19

PwC Appoints Chief Digital Officer

PwC Australia has appointed of a Chief Digital Officer. This is a new role focused on driving PwC’s digital strategy and maximising the value of the technology investments the firm has made.

FINANCE Tuesday, 14 February 2017 11:43

Bank of China Takes Private Banking Back to the Future

I.M. Pei caused a stir when he constructed the Bank of China Tower in Hong Kong, the building was criticised by some practitioners of feng shui. Now Pei's son brings the family's touch to Bank of China's private bank.

FINANCE Tuesday, 14 February 2017 09:54

Guernsey Advances Asian Push

Guernsey Finance opened its Hong Kong office in March last year and has now appointed its first Hong Kong Representative. The jurisdiction is keen to promote itself as a financial centre to Asian based clients. 

FINANCE Tuesday, 14 February 2017 08:00

Automated Investment Adviser Launches in Asia

A business-to-business automated investment platform for all sizes of investors, from institutional to retail, has announced it has opened new offices in Hong Kong.

FINANCE Tuesday, 14 February 2017 07:41

Bank of Singapore Hit in the Fourth Quarter

The Bank of Singapore, the private banking arm of Singapore's second largest banking group OCBC, took a hit in the fourth quarter after their recent purchase of the U.K.'s Barclays Wealth.  

FINANCE Tuesday, 14 February 2017 07:39

OCBC Confronted With Rising Costs and Lower Profit in 2016

Unexpectedly Singapore’s OCBC Bank has reported a drop in profit in 2016. Wealth management income was offset by rising net allowances and a lower trading income. The dividend remains unchanged.

FINANCE Tuesday, 14 February 2017 07:36

ANZ Hires Former Government Official Into Security Role

Ensuring ANZ’s information security strategy evolves with the changing technology landscape, ANZ has appointed a Chief Information Security Officer.

FINANCE Tuesday, 14 February 2017 06:56

UBS Expects Gold Rally as Uncertainties Grow

Gold has been hurt by the election of Donald Trump as U.S. President. However Swiss bank UBS urges investors to keep their nerves.

FINANCE Tuesday, 14 February 2017 05:42

«Flash Crash» Trader's Zurich Banker

A brash young Mexican financier's plans to take over a Swiss bank fizzled last year. Now, he has turned up in the scandal surrounding the vanished $50 million «Flash Crash» fortune.

FINANCE Tuesday, 14 February 2017 00:15

Avaloq Profit Rises, Eyes Opening

Avaloq said it is getting ready to open itself to investors. The Swiss banking software firm said its full-year net profit rose sharply following a 10 percent boost in revenue. 

FINANCE Tuesday, 14 February 2017 00:05

Geneva Private Banker to Advise the World's Biggest State Fund

The investment boss of a small private bank in Geneva has found a new job in the Middle East. His dream move may turn out to be one of the most inspired of the year.

FINANCE Monday, 13 February 2017 17:42

Former HSBC Employee Receives Life Ban

A former employee of British banking giant HSBC has been banned from re-entering the industry for life following her criminal convictions in Hong Kong.

FINANCE Monday, 13 February 2017 15:16

Credit Suisse: Looks at Expansion in Dublin

Credit Suisse is still calibrating its plans in the event of a sudden hard Brexit. However in Dublin the bank has already taken steps to expand.

FINANCE Monday, 13 February 2017 14:44

New Executive Director at J.Safra Sarasin

Swiss private bank J.Safra Sarasin has made another addition to its growing team in the Lion City. The Basel headquartered bank has been steadily adding to its Asian business units over the past months. 

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