The Swiss bank made an abrupt change to its trading unit following nearly $1 billion in write-downs earlier this year. Credit Suisse promoted the very investment banker who led the unit at the center of those losses.
In Hong Kong the Securities and Futures Commission has banned former employees of The Hongkong and Shanghai Banking Corporation, from re-entering the industry for life following their criminal convictions.
In a research report from Morgan Stanley Australia, seen by finews.asia, the firm makes the case that instead of selling, ANZ should consider retaining its wealth business units.
The professional social network for the financial services industry, NexChange, has announced the appointment of a Chief Strategy Officer, based in Hong Kong.
Singapore has come out as the highest ranked Asian city in the latest edition of the PwC Cities of Opportunity Index.
Credit Suisse veteran Timothy O’Hara has stepped down as CEO of Global Markets. His successor comes from within the Swiss bank. Asset Management chief Eric Varvel gets an additional promotion.
The topic of mega-bank mergers continues to make the rounds – with Credit Suisse is in the midst. A transformational deal isn’t going to happen. But that could change in the not-too-distant future.
Banks are wielding the axe on costs. finews.asia interviews a Silicon Valley entrepreneur with a new way to lessen bankers' reliance on pricey chat terminals.
Australian financial services company Yellow Brick Road has appointed a new General Manager of its wealth division. This is a new role reporting directly to Executive Chairman Mark Bouris.
In an article for a German newspaper, Urs Rohner writes about the bank client of the future. A good description perhaps of what the chairman of Credit Suisse is really all about.
Ravi Menon, the head of the Singapore Monetary Authority, said on Tuesday, they would be stepping up misconduct probes.
Global business consultancy group Bain & Company, has named a new Managing Director to its Greater China practice which covers Shanghai, Beijing and Hong Kong.
Allianz Real Estate, the international real estate investment and asset manager within the Allianz Group, has recruited a new head for its Asia Pacific business.
Lyxor Asset Management has appointed a new CEO in Japan. The Paris headquartered firm is a subsidiary of banking giant Société Générale who has also made several management changes in Asia.
Swiss International Air Lines will use the new Boeing 777-300ER to connect Zurich and Singapore. A first impression of the new business class indicates that is designed to lure bankers and managers for this flight between the two financial centers.
The provider of financial data aggregation and money management eWise, is now enabling end-users to add their «offline» physical assets when assessing their wealth online.
A Swiss foundation which has taken aim at environmentalist-actor Leonardo DiCaprio over potential links to 1MDB has redoubled its efforts. In the crosshairs this time: Swiss bank Julius Baer.
U.K. bank Barclays is said to be trimming Technology positions in Singapore.
Fines and penalties for investment banks are poised to top last year's total. Credit Suisse and UBS are among those expected to pay billions to make amends for mis-selling securities linked to mortgages.
The Zurich-based private bank is reshuffling its bond team as it created a new group for global flexible investments.
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