The strict pandemic restriction regime is expected to start easing at the start of next month. But many remain skeptical.
Last week, the Hong Kong Monetary Authority intervened to prop up the local currency for the first time since 2019, putting the spotlight squarely on the longstanding peg with the tightening U.S. dollar. What say the banks?
Costs from the Russia-Ukraine conflict continue to mount for global banks with Mizuho Financial Group and Sumitomo Mitsui Financial Group setting aside more than $1 billion to cover potential related losses.
Credit Suisse has been reshuffling its management recently, and CEO Thomas Gottstein could be next.
J.P. Morgan’s asset management arm strengthens its Australia and New Zealand business with a handful of new appointments.
The recent stablecoin fiasco has dented investor sentiments and will likely hit the near-term price trajectory of crypto markets. Nonetheless, institutional adoption persists – most notably by global banks – with no sign of a slowdown.
Goldman Sachs continues to resolve its 1MDB-related issues with the latest multi-million dollar shareholder settlement in the U.S.
HSBC is reportedly bolstering the defense team against Chinese insurer Ping An’s break-up call with the addition of a top British boutique advisory firm.
Russia's attack on Ukraine is already over two months old. Many market participants seem to have gotten used to the situation. But does this mean everything is now back to how it was before the invasion? Hardly, Gérard Piasko writes in an essay on finews.first.
An appeal by a former UBS banker who was convicted in absentia of espionage was denied by Switzerland's highest court.
Geopolitical economic advisor Christian Takushi, known in Switzerland for his contrary viewpoints and perspectives, drew a future scenario laden with risks and harsh realities in an interview with finews.com.
Credit Suisse and a company owned by a U.S. politician are close to a Greensill-related legal settlement.
Japanese banking giant Nomura has begun offering Bitcoin derivatives to clients this week, in the midst of ongoing turbulence in crypto markets.
Citi has hired a former Prudential executive to lead its insurance unit in Hong Kong.
More patience is required before green-lighting new exposure to Chinese equities, according to Indosuez Wealth Management, despite positive signals about property, tech and foreign relations.
HSBC has reportedly kicked off the process to prepare a rebuttal against the call from Ping An – its largest shareholder – to break up the bank.
Hong Kong’s wealthiest tycoon Li Ka-shing is reportedly expanding his family office to Singapore, in yet another example of the ongoing wave of billionaires establishing a presence in the city-state.
The British-based institution’s banking facilities were ostensibly used for pro-democratic donations during the 2019 protests.
Goldman Sachs has reportedly made more leadership changes in its investment banking unit in Asia, this time with the reshuffle of senior equities roles in Japan and China.
Credit Suisse has reportedly named the co-heads of its Asia Pacific financing group, a key unit for its proposition as the entrepreneur’s bank.
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