Credit Suisse's restructuring will result in high costs and a great deal of uncertainty. This is impacting its credit ratings.
Once Credit Suisse's largest shareholder, the Qatar Investment Authority cut its stake in the bank last year. Now it wants back in.
Singapore continues to further develop the blockchain industry, this time with an eye on digitalizing the end-to-end process for wealth management products.
Zurich-based GAM expands its Japanese equity team with the hire of a former analyst from Neuberger Berman.
Deutsche Bank's Management Board has created a new Global Advisory Board comprising experts from business, academia and politics.
Citi’s global wealth unit, which covers segments from the affluent to the ultra-rich, has opened a new center in Hong Kong to meet the needs of clients in person.
Hong Kong leader John Lee shrugged off the «small number» of guests who did not attend the city’s widely anticipated financial summit.
Credit Suisse is sharpening its focus on the ultra-rich, especially in China where many businesses remain family-owned with investment banking needs. This contrasts with rival UBS, which is taking a different approach.
Central Bank buying and increased consumer demand lifted gold demand to pre-Covid levels.
Despite the recent slump in Non-Fungible Token sales, Sygnum sees no reason to scale back on its tokens business.
Credit Suisse confirmed it will hold an Extraordinary General Meeting later this month for shareholders to approve the proposed increase in share capital.
Just as Credit Suisse is strengthening its focus on wealth management, a veteran and key figure in its private banking division is leaving.
The bank’s chairman Axel Lehmann said the planned capital increase would make the lender «rock solid,» while putting past rumors of a takeover to bed.
Private bank EFG International announced several departures from its supervisory board. An experienced banker is moving up from management ranks to the Board of Directors.
Fidelity’s investment management arm has announced the appointment of a new head of Southeast Asia.
Singapore and Thailand tie up to result in an investment in the next generation of digital asset infrastructure.
Transaction is part of the US bank's plan to exit its consumer business in Asia.
Hong Kong’s widely anticipated financial summit to showcase the city’s reopening efforts will begin tomorrow. The event is facing increasing headwinds – including an actual typhoon.
Key industry event to take place in person for the first time since 2019, with finews.asia returning as an official media partner.
Swiss bank UBS and First Abu Dhabi Bank join the growing CLSNet community of global and regional banks, which includes seven of the top ten global banks.
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