Global law firm White & Case has confirmed its new offices in Australia will open in Melbourne and Sydney on December 1, 2016 and in early 2017.
Half of banking customers across the globe are using the products or services of at least one fintech firm, according to the first World Fintech Report from Capgemini and LinkedIn, in collaboration with Efma.
The Singapore court trying Yeo Jiawei heard from an associate of the former BSI banker on Thursday, who said he was roped into a scheme of kickbacks involving scandal-engulfed Malaysian fund 1MDB.
Tidjane Thiam revealed Credit Suisse's new strategy last October. The finews.asia 12-month reality check in six points.
We continue to invest in compliance and controls across the region, and the investment in these functions has outpaced some of the frontline functions, Credit Suisse's head of Asia said on Thursday.
Credit Suisse turned a profit in the third quarter – just barely. This masked revenue drops from interest income, client commissions and fees and from trading.
Credit Suisse missed expectations in the third quarter of 2016. Despite a high inflow of new money and a profitable investment bank, earnings are below analysts' estimates. The bank has strengthened its capital base.
The Paris Agreement will soon come into force. Will this be enough to stop climate change? And how should the finance industry contribute?
It has been an interesting week for Australian bank ANZ. On Monday it agreed a deal with Singaporean bank DBS to dispose of its Asian wealth units. Now it appears the bank has hired Goldman Sachs for another deal.
Diversification and high returns are important to Asian investors but there is little appetite for alternatives. However affluent Asians are gradually warming up to discretionary portfolio management.
A few days after selling its Asian wealth operations to Singapore's DBS, ANZ has now announced its Australian wealth business could be next to go.
Two former BSI bankers were given free rein by the Swiss bank for illicit dealings with Malaysian state fund 1MDB as well as to take their share of the spoils, a high-profile Singapore court case revealed.
According to the report Connecting Global FinTech: Hub Review 2016 recently issued by Deloitte, the global top five fintech hubs in 2016 are London, Singapore, New York, Silicon Valley, and Hong Kong.
While rival institutions review their China business strategies, Credit Suisse is taking a contrarian view and is moving ahead in the belief that the market will become a key revenue source.
A former Head of DCM and Structured Products with Barclays has joined AI-fintech firm Alpaca as Head of Japan to accelerate the firms Japanese business push.
UBS has opened another business solution center in China and is also investing in a new service center in India.
Former BSI banker Yeo Jiawei's boss was the first witness to testify against him in a 1MDB money-laundering trial, describing clandestine efforts to mislead investigators and cover up million-dollar kickbacks.
Emerging markets and Asia focused Standard Chartered bank has seen its shares fall after the bank reported that revenues and net profit had declined.
Switzerland's EFG International has to pay less for BSI private bank than originally agreed with the previous owners, BTG Pactual of Brazil.
EFG International appointed a new chief executive officer for BSI, the Ticino-based private bank it recently acquired. He isn't likely to last long in the position though, because the unit will be fully integrated.
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