Following the recent Cyber Security conference in Hong Kong the city’s regulator is set to launch a three-month evaluation scrutinising online dangers to banks.
One of the most public faces of the 1MDB scandal which has felled BSI Bank and entangled a handful of others is Jho Low, a 34-year-old Malaysian who first burst onto the scene partying with Paris Hilton.
Standard Chartered Bank believes in harnessing the power of digital to transform the banking experience of the future. Therefore customers now can use Apple Pay for mobile payments.
After the dust had settled on a frantic day for Lugano based bank BSI, one of the main parties in the banks downfall, Singaporean banker Yeo Jiawei, was hit with additional charges yesterday.
Gold has had its moments recently, but there's not more to it, Stephen Jones, chief investment officer at Kames Capital told finews.asia in an interview. He doesn't expect a Brexit to make much of a difference.
Dragon Capital Group, one of the leading investment management companies in Vietnam, has plans to list its flagship fund on the Main Market of the London Stock Exchange.
Swiss specialist for structured products Leonteq inaugurated its new premises in Singapore the same day as Swiss BSI bank was kicked out of town.
OCBC’s private banking unit, Bank of Singapore, is set to enroll its bankers in a new training and development programme.
The Swiss financial regulator Finma issued an unusually stark warning for other Swiss banks caught up in money-laundering scandals after sanctioning BSI Bank for its involvement in alleged money-laundering and corruption at Malaysian fund 1MDB.
Authorities in Switzerland and Singapore are punishing BSI, the Swiss private bank based in Lugano, for alleged money-laundering offenses, shutting their activities in Singapore and seizing part of its profits.
Swiss banking is basked in an unfavorable light after the forced closure of Ticino private bank BSI. Yet again, the business of secrecy appears to backfire bitterly. Here are the most important points on the topic.
A crowd of over 150 people gathered on the garden terrace of Bordier’s office at CapitaGreen in Singapore on the 19th of May 2016.
With an almost unprecedented intensity the Monetary Authority of Singapore has ordered the shut down of Switzerland’s BSI Bank in Singapore. Thus a year-long scandal now comes to an end, the aftermath of this money-laundering impropriety is still to unfold.
Swiss and Singapore authorities have allowed EFG International to acquire its troubled Swiss rival BSI. But the reputational damage for the acquirer could be huge.
In the course of the investigation of money laundering in the context of the corruption affair of 1MDB the CEO of BSI Bank has resigned with immediate effect. His successor has already been nominated.
The following six members of BSI Bank’s senior management and staff in Singapore have been referred to the Public Prosecutor to evaluate whether they have committed criminal offences, namely.
According to the Monetary Authority of Singapore «BSI Bank is the worst case of control lapses and gross misconduct that we have seen in the Singapore financial sector».
Eastspring Investments is set to become the Master Agent to sell and distribute the mutual funds of Vontobel Asset Management in Taiwan.
«For the time being we have decided not to attack the Chinese market, with one exception,» Jérôme Pfund, Co-Founder, Chairman and CEO of Sectoral Asset Management, says in an exclusive interview.
NAB Ventures, National Australia Bank’s innovation fund, has made its first investment, backing a technology startup.
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