Credit Suisse had presented a solution for a bank in Brazil that had been ordered to close years ago. A court in the South-American country has now stopped the proposed deal from being put into practice.
Swiss private banking is getting increasingly desperate to find growth opportunities, but these are getting scarce even in boom markets, an analysis by finews.asia shows.
China has made it into the top 25 innovative countries while Switzerland maintained its lead over Sweden, the U.K., the U.S. and Finland, in an annually compiled index.
Vontobel Asset Management has appointed an executive director for institutional clients and consultant relations to support its ongoing growth in Japan.
Australia's No. 4 lender is alone among the country's four major banks to have a large business in Asia, but is pulling out of less profitable segments to bolster earnings as regulatory costs rise.
The Hong Kong Monetary Authority has granted a banking license to a daughter of the 5th-largest banking group in France.
UBS missed out on millions in fees when long-time client Monte dei Paschi passed over the Swiss bank for a rival rescue bid from U.S.-based J.P. Morgan – a major setback for the Swiss bank's financial institutions group?
Edinburgh-based asset manager Kames Capital has strenghened its equities team with two new appointments focussing on Asia.
Indonesia has defined two islands near Singapore as its own tax havens to prevent taxpayers from keeping their assets offshore – in Singapore, for example.
Switzerland's prosecutor is probing a former Abu Dhabi finance official as part of a wide-ranging investigation into corruption at Malaysian state fund 1MDB.
The analysts of precious metals at Credit Suisse are among the most bullish on gold. How they are keeping the fire going.
The investment industry is looking for ways to improve and regain its credibility. Christian Dreyer, the CEO of the CFA Society Switzerland, is presenting three measures on finews.asia to foster a wide discussion.
DBS bank said it will introduce a new «matchmaker» service aimed at small- and mid-sized companies solve business problems.
Prices for residential property in Asia-Pacific cities Shanghai, Melbourne and Sydney continued to rise an average 11 percent over last year, beating out North America, a new index of residential property values shows.
Reaching more than 5 million clients, this is the most extensive roll-out of fingerprint biometric technology by any international bank and a first in most markets.
A little-noticed new rule introduced by Barack Obama's administration gets tough on U.S. states such as Delaware and Nevada, which are notorious for murky shelters often used for illicit purposes. But there is a catch.
China's development is the biggest socioeconomic experiment in world history. The outcome is open. finews.ch-editor Peter Hody took the opportunity to gain an insider's view.
After making several mistakes some years ago, the management team of the Edinburgh Dragon investment trust, led by Singapore-based Adrian Lim, is back on track.
Newly-loosened dress codes at Wall Street banks have left bankers guessing about what exactly business casual means in finance, formerly dominated by pinstripes, cufflinks, and monogrammed shirts.
The High Court in Hong Kong has ruled against a private banking unit of Singapore’s OCBC in a case of a financially naive elderly couple. In his ruling the judge noted the couple had very little real understanding.
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