Sunday, 17 November 2024

FINANCE Tuesday, 1 November 2022 10:48

Credit Suisse Doubles Down on Ultra-Rich in China

Credit Suisse will make China a central part of its Asia wealth management strategy in the coming years, including an increased focus on the onshore market.

FINANCE Tuesday, 1 November 2022 09:36

Hong Kong Announces Virtual Asset Ambitions

The Hong Kong government released a policy statement on the city’s crypto ambitions, including access for retail investors. 

FINANCE Tuesday, 1 November 2022 08:56

Saudi's Credit Suisse Stake Is Enough. For Now.

As one of its largest shareholders, Saudi National Bank supports the reorganization of Credit Suisse, yet for the time being it has no plans to pump more money into the bank.

FINANCE Monday, 31 October 2022 18:22

Saudis Take Bulk of Credit Suisse Qualified Investor Stake

Qualified investors committed to buying 462 million new Credit Suisse shares for 3.82 Swiss francs, generating about 1.76 billion francs.

FINANCE Monday, 31 October 2022 16:11

Digital Marketplace Alta Acquires Hg Exchange

Singapore-based Hg Exchange has been acquired by Southeast Asian alternatives marketplace Alta, marking yet another development for the digital asset industry. 

PEOPLE Monday, 31 October 2022 14:44

Lombard Odier Names Sucessor to Asia CIO

Lombard Odier’s Asia chief investment officer has left the Swiss pure-play after more than 14 years, finews.asia has learned, with a replacement named internally.

FINANCE Monday, 31 October 2022 11:43

Credit Suisse: «One Bank» Model in a Two-Bank Structure?

First, Credit Suisse’s Asia unit lost its structural autonomy. Now, the arms’ length distance to investment banking capabilities has also extended. Will the troubled Swiss lender remain «the bank for entrepreneurs» in the region?

FINANCE Monday, 31 October 2022 08:23

Andreas Ita: «The CS First Boston Solution is an Elegant One»

Andreas Ita has high praise for Credit Suisse's new strategy. The former UBS executive and current managing director of consulting firm Orbit36 tells finews.com where bank management around Ulrich Koerner has more work to do.

FINANCE Monday, 31 October 2022 00:16

Hong Kong Fintech Week Kicks Off

The five-day Hong Kong FinTech Week kicks off today with expectations of 20,000 physical attendees. 

FINANCE Sunday, 30 October 2022 15:51

Gold Holds No Glitter for Ethereum Co-Founder

Which has more merit, digital or traditional gold? For Ethereum mastermind Vitalik Buterin, there is no doubt.

FINANCE Friday, 28 October 2022 18:00

Ralph Ebert: «Compliance Culture in Transformation to Digital Culture»

Global surveys show that most digital transformation programs fail due to culture and people rather than technology. Ralph Ebert writes in his essay for finews.first. how this root cause particularly affects the balance of Compliance Culture vs. Digital Culture.

FINANCE Friday, 28 October 2022 16:35

China Arrests Ex-CMB President

The former president of China Merchants Bank has reportedly been arrested due to alleged bribery and abuse of power, six months after he stepped down from the local lender.

FINANCE Friday, 28 October 2022 15:34

Hong Kong Arrests Duo for Record Money Laundering Case

Hong Kong authorities have arrested two individuals over a record money laundering case involving nearly half a billion dollars worth of precious metals.

FINANCE Friday, 28 October 2022 15:23

Credit Suisse's Largest Shareholder: «Aggressive Approach»

Harris Associates, Credit Suisse's largest shareholder to date, welcomes CEO Ulrich Koerner's restructuring plans for bringing the bank into shape.

FINANCE Friday, 28 October 2022 14:41

The Secret Winner of Credit Suisse's Restructuring

With its reorganization, Credit Suisse has yet to convince markets and investors. Nevertheless, a winner emerges from the ranks of the Swiss bank.

FINANCE Friday, 28 October 2022 13:03

Roadblocks Ahead for Hong Kong Summit

Hong Kong authorities hope the upcoming banking summit will live up to the hype and reinvigorate the city’s status as a reopening financial hub. It faces a handful of roadblocks to success spanning Covid, politics and social-related factors.

FINANCE Friday, 28 October 2022 11:03

Citi CEO Skips Hong Kong Summit After Covid Hit

Citigroup chief executive Jane Fraser has been diagnosed with Covid-19 and will be unable to travel to Hong Kong for the city's global financial summit next week.

FINANCE Friday, 28 October 2022 10:09

Higher Interest Rates Fuel Record Profit at UOB

UOB posted a record-high net profit for the third quarter, driven by a strong increase in interest income.

FINANCE Friday, 28 October 2022 09:24

Ex-Credit Suisse Chair Should Pay Bonus Back

Credit Suisse will cut thousands of jobs. The bank employees' union complains it is unclear to what extent the bank's Swiss operation will be affected. It is calling for ex-chairman Urs Rohner to be held accountable.

FINANCE Friday, 28 October 2022 09:21

Credit Suisse Becomes Part of Saudi Crown Prince's Vision

Credit Suisse is bringing Saudi National Bank on board as one of its largest shareholders to increase capital. At the «SNB», Saudi Crown Prince Mohammed bin Salman is pulling the strings in the background. After Khashoggi's murder, he was, at least for a while,...

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