A New York-based employee of CICC is suing the Chinese investment bank for discrimination over political affiliations, or lack thereof, which allegedly resulted in missed promotions and lower pay.
The city-state seems to be doing many things right while the former crown colony keeps boxing itself into dark corners.
After failing to find buyers, Citi has decided to close its consumer and commercial banking businesses in Russia.
In a turn of events, Beijing is reportedly nearing a deal to resolve its ongoing audit dispute with the US and potentially prevent mass delistings.
The majority of industry leaders see Hong Kong as a relatively uncompetitive fintech hub compared to markets elsewhere, according to a survey co-published by Google.
In the US, Republican politicians are getting serious about the backlash against sustainable finance. UBS and other big firms are now on a blacklist.
Singapore-based cryptocurrency exchange Coinhako is reportedly hiring to expand in Asia with a focus on institutions and wealthy clients.
Lombard Odier’s client assets fell lower in the first half of 2022 due to poor market performance and the Swiss private bank anticipates even more volatility moving forward.
Lombard Odier remained steady during the first half in the face of a financial storm. Senior partner Patrick Odier tells finews.asia what he expects in the second half.
LGT recorded positive inflows in the first half, fuelled in part by the transferal of assets from its acquisition of Australian wealth manager Crestone.
Liechtenstein-based LGT bank reported a group profit of over 200 million Swiss francs in the first half on strong net asset inflows during the first six months of the year.
Singapore has named former Swiss Re chairman Walter B. Kielholz as an honorary citizen for his contributions to the city-state’s insurance industry.
Although Shanghai is the top fundraising center in 2022 thus far, daily life disruptions persist with negative headlines piling up to new heights in China’s financial capital of 25 million residents.
China’s foreign exchange regulator reportedly phoned several banks to warn against aggressive selling of the Chinese yuan in the midst of a strengthening dollar.
Singapore-based digital wealth advisory platform Endowus has doubled its client assets in just one year to nearly $1.5 billion.
Financial firms such as Blackrock, UBS, HSBC, Pimco, and Fidelity have significantly reduced their funds' investments in high-yield Chinese real estate and construction firms.
UBS is unloading a fund platform for alternative investments to iCapital. But the Swiss bank continues to hold a strategic stake in the buyer.
Chinese insurer Ping An made its most public statements thus far about its push for an HSBC breakup with co-chief Jessica Tan stressing that the proposal is about long-term returns and not activism.
Raffles Family Office has appointed a managing partner to join and establish a new real estate team.
Allianz is reportedly furthering its push into mainland China’s financial sector with ongoing discussions to set up a majority-owned asset management joint venture with a local lender.
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