Markus Diethelm has to prove himself by deflecting the continued charges the bank faces from Georgia's former head of state.
US-based bank's Treasury and Trade Solutions unit announces the appointment of a regional head of platforms and data services.
Former Georgia Prime Minister Bidzina Ivanishvili stood trial and accused Credit Suisse of failing to prevent hundreds of millions of dollars in losses.
Singapore is looking to boost its talent pool by targeting global «rainmakers» across various fields with its new long-term visa.
Credit Suisse is expanding its existing operations in Qatar and establishing a technology center in the Emirate as part of its expansion plan for the region.
Authorities in Hong Kong will look to address the city’s talent gap for fintech and ESG-related professionals with new subsidies and looser immigration rules.
The outlook is gloomy for Hong Kong’s property market – a staple leader of least affordable housing worldwide – with various headwinds including rising interest rates and ongoing emigration.
Hong Kong’s health minister Lo Chung-mau slammed media reports claiming that the government was internally divided over reopening, casting doubts over the upcoming banking summit in November.
Credit Suisse which has seen a wave of departures, is facing at least two more in Hong Kong as two senior private bankers have tendered their resignation.
HSBC has reportedly laid off more than 20 workers in the Axa Singapore unit it bought last year as part of a post-acquisition retrenchment exercise.
Singapore-based exchange Crypto.com is reportedly pursuing an Australian woman over mistakenly refunded digital assets that total more than $7 million.
UK insurer Prudential has announced the appointment of a group chief investment officer.
The planned takeover of US online wealth manager Wealthfront collapses. It is a bitter setback for CEO and digital aficionado Ralph Hamers.
US insurer Chubb has hired the former Singapore chief executive of Sunlife as the president of its life insurance unit in Hong Kong.
BNP Paribas has announced the appointment of a head of securities services in India.
Amidst the turmoil currently surrounding Credit Suisse, Switzerland's second-biggest bank is planning to offer onshore wealth management services in China starting next year.
UBS has hired two new executives in Hong Kong for its global family and institutional wealth unit in Hong Kong, finews.asia has learned.
The board of directors of Credit Suisse is in the process of discussing the future of investment banking. A new calculation shows why the bank can no longer avoid drastic cuts in its former flagship business.
Step brings final closure to extensive money laundering and sanctions violations that resulted in an unprecedented $1.9 billion fine in 2012.
Credit Suisse is undergoing cost-cutting measures under new chief Ulrich Koerner, with thousands of Zurich-based jobs now reportedly at risk.
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