Each year, the Swiss bank's shareholders vote to discharge the bank’s board members from their legal liability. This time the board might not be let off so easily.
A review of more than 32 banks in Asia found that zero had made clear commitments or plans to meet Paris client agreement goals, according to Singapore-based environment group Asia Research & Engagement.
Japan’s third largest bank Mizuho is looking to almost double its wealth management client base in the country, targeting cash-poor entrepreneurs and their holistic needs.
Swiss banks will likely have to comprehensively review how they onboard and exit clients.
Indonesian peer-to-peer lender Amartha is in talks to acquire 70 percent of a local bank, «DealStreetAsia» reported.
With her shiny blond hair, nails polished pink and personality radiating pure vivaciousness, Pippa Bunce breaks like a ray of sunlight through the cloud that has been hanging over the Swiss bank.
SEC delisting warnings were followed by Chinese audit concession hopes which were then followed by a U.S. statement that any celebration is «premature». The threat of Chinese stocks being booted out of American exchanges continues to be a seesawing matter.
Uber-wealthy Russians don't just have the Ukraine war to contend with. A fight brews in Swiss courts over the Burlakov inheritance.
HSBC Asset Management has expanded its alternatives capability with the hire of a listed infrastructure equity team from AMP Capital.
Asia-focused British lender HSBC will reportedly increase scrutiny of all Russia-linked business, furthering its previously stated commitments to comply with sanctions.
Australia continues to break new crypto grounds with ANZ becoming the country’s first bank to mint a stablecoin linked to the local currency.
Roger Ng’s defense lawyers are making the case that he was not even at meetings involving key players in the 1MDB scandal after U.S. prosecutors completed their round of testimonies.
Japan’s SMBC Nikko Securities and a handful of executives have been indicted and arrested for alleged market manipulation.
Xiang Guangda – the Chinese industrial billionaire behind this month’s historic nickel short squeeze – has reportedly covered a portion of his giant short positions on the London Metal Exchange.
Renowned former Bank of America executive Samuel Bickett has been banned from Hong Kong and returned to the U.S. following a multi-year legal battle for assaulting a policeman during the 2019 pro-democracy protests.
Citigroup’s global co-head of markets, Carey Lathrop, is set to depart the bank after 30 years, Reuters reported Friday.
The U.S. Treasury Department announced new sanctions against numerous Russian companies and individuals, including the chief executive officer of the country’s largest bank, Sberbank.
The State Secretariat for Economic Affairs estimates the value of frozen assets from Russian sanctions at nearly six billion Swiss francs.
UBS’ plans to set up an asset management joint venture in the mainland with China Life have been reportedly stalled due in part to an ongoing corruption probe of the latter's former chairman.
The annual salary of longstanding UOB chief executive Wee Ee Cheong climbed higher in 2021 and surpassed the 2019 pay level following a difficult year in 2020.
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