The Zurich-based investment house is part of a years-long dispute that has now drawn the Finma into the mix.
Switzerland’s Federal Department of Finance is investigating Credit Suisse employees in relation to the Mozambique affair, «Tages-Anzeiger» reports.
A 15-year old climate activist stole headlines today after interrupting the chief executive of National Australia Bank Bank at a summit and slamming the industry for continued fossil fuel funding.
Sources are allegedly indicating that it is in the preliminary stages of considering how and whether to increase its financial buffer following last year's twin debacles related to Greensill and Archegos.
Long-serving Vontobel CEO Zeno Staub, doesn't sound like he will be leaving the investment firm anytime soon.
Bank of East Asia’s asset management arm has hired a chief investment officer for equities.
The Monetary Authority of Singapore has launched a program to pilot use cases for digital assets.
Israel is set to start up its long-delayed sovereign wealth fund, using profits from its natural gas, media reports said.
Global banks are unanimously downgrading China’s growth outlook further, citing the challenges of ongoing zero-Covid restrictions with no signs of a quick reopening.
Citi Hong Kong named two internal hires for senior appointments in its institutional clients group.
Indonesian superapp GoTo’s fintech saw its growth climb in the first quarter.
The newly appointed global head of the bank’s wealth management business, Francesco De Ferrari, told a Brazilian newspaper about his big plans in the country and talked about his first months in the job.
HSBC has appointed a new head of business banking, shifting an executive from Vietnam to Singapore.
In yet another sign of the continued shift of focus to Asia, HSBC has hired an executive for the dual role of global and APAC head of alts.
HSBC is reportedly feeling the impact of the controversial comments from suspended asset management executive Stuart Kirk, with discontent being expressed across the board by clients and employees.
The Gottstein saga is symptomatic of an industry facing a near-constant succession dilemma.
Blackstone plans to increase its Asia-Pacific private credit assets under management by 10 times, according to a «Bloomberg» report.
Authorities in Shanghai said «unreasonable» business restrictions, including the recently introduced «white lists», will be removed, in the midst of a grueling two-month lockdown for China’s financial capital.
«We can expect quite a change in our perceptions of dealing with ESG matters,» Matteo Bosco, partner a Conser, says in an interview with finews.asia.
Australian regulators have begun civil penalty proceedings against Australia and New Zealand Banking Group (ANZ) over its credit card fees.
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