Banks are optimistic that they can both industrialize and digitalize in one go. But an accident caused by a self-driving Tesla on Switzerland’s east-west axis motorway should give them pause, says finews.ch editor Samuel Gerber in an essay for finews.first.
Among a torrent of new digital banking initiatives and enhancements Citi in Singapore has uncovered their new wealth management tool.
Global management consulting firm Boston Consulting Group says the creation of new wealth in 2015 was driven by rising household income, rather than by the performance of existing assets.
Officials in Switzerland as well as reportedly the U.K. are looking into hundreds of millions in restructured debt deals carried out by Credit Suisse and Russian bank VTB for debt-plagued Mozambique.
With designer handbags appreciating ahead of cash, bonds and even equities, GAM Portfolio Manager Scilla Huang Sun comments for finews.asia on the attractive investment case behind luxury goods.
The former head of wealth planning for UBS is said to be joining rival Morgan Stanley later this month in a similar role
Credit Suisse's New York-based investment bankers are in an open revolt against Zurich headquarters and Chief Executive Tidjane Thiam in particular. A look at league tables illustrates what is prompting their criticism.
A Hong Kong based independent wealth manager has added a new partner to its team with the hire of a former Coutts and BSI banker.
Goldman Sachs is being investigated in the U.S. in connection with Malaysia state fund 1MDB, including dealings with Swiss bank BSI, which was shut down by Swiss and Singapore regulators over money-laundering and corruption allegations.
German financial services company Allianz has completed another emerging markets deal, emphasising its hunger to seize more market share in the quickly expanding Asian insurance market.
A new employee dress code unveiled by J.P. Morgan is meant to ease the strict rules common in banking, but raises a quagmire for women who want to appear professional while dressing down.
Product calibration has been the key area as asset managers work to get more creative in light of a tighter regulation. However the ubiquitous rise of financial technology is now becoming a core business tool.
Investors are pulling their assets out of hedge funds, making experts believe that the day of reckoning is looming for the industry. UBS may yet regret to have kept faith in the speculative financial products for so long.
Just not cricket: a rare case of insider trading has caught the attention of the media in Australia – with the implication of a sporty Credit Suisse manager and his buddy.
The star asset manager behind much of Vontobel's growth in asset management in recent years has revealed his next step after leaving the Swiss bank in March.
It is home to numerous wealth managers including Julius Baer, J.Safra Sarasin and Citi Private Bank, and is now owned by the huge Qatari Sovereign Wealth Fund.
The Monetary Authority of Singapore, has released a consultation paper on proposed guidelines for a «regulatory sandbox» that will enable to experiment with financial technology solutions.
The demise of Ticino-based BSI bank, has reverberated in Asia, where one commentator claims the scandal surrounding the private bank’s dealings with Malaysian 1MDB sounds the death knell for Swiss private banking.
A cross-continent financial technology collaboration has been announced that will see South Korean and German firms form a close working bond.
After eight years with the U.K. headquartered Standard Chartered, the global head of commodities for the bank is stepping down.
Page 814 of 904
