Sanctions adopted by the federal government and enacted by Swiss banks against Russian individuals and institutions does not signal the end of Swiss neutrality, the Swiss Bankers Association chair says.
The Monetary Authority of Singapore issued notices to financial institutions detailing the new measures for dealing with Russia including the exclusion of certain entities and activities.
The invasion of Ukraine is a turning point, making Swiss finance look like some relic of the cold war. Many clients are nervously asking about the country's neutrality.
With sanctions imposed and Russian banks cut off from the Swift payment network, the country may resort to paying off debt with roubles.
Beijing expressed its positions on sanctions in the most explicit terms yet in a recent exchange with a foreign diplomat, underlining China’s desire to safeguard its interests.
An agent from the U.S. Federal Bureau of Investigation testified yesterday, claiming to have tracked how 1MDB money was siphoned to more than a dozen recipients while detailing names and amounts.
Defying global market turmoil, superapp GoTo has filed to raise at least IDR15.2 trillion, or around $1.1 billion, in an initial public offering (IPO) on the Indonesia Stock Exchange.
Indian payments giant Paytm’s founder Vijay Shekhar Sharma has come out to deny claims that a recent regulatory order against the firm's banking arm was related to data sharing with China-based entities.
Chinese technology giant Tencent may be hit by a potential record fine for alleged money-laundering violations by its WeChat Pay network, the Wall Street Journal reported Monday.
Chinese nickel giant Tsingshan has reached a deal with its banks to establish a «standstill period», allowing it more time to reduce short positions.
Top traders on the London Metal Exchange are expressing their outrage with its recent decision to cancel nickel trades with some accusing the commodities bourse of favoritism.
Liechtenstein-headquartered LGT posted an increase in profits for 2021 alongside a record-high inflow of client assets.
Zurich-headquartered insurer Swiss Re has hired a former AIG executive as its new chief executive for Greater China.
HSBC expands commercial banking coverage with the creation of a new unit focused on mid-sized businesses in Singapore.
Southeast Asian superapp Grab’s financial services have one of the lowest non-performing loan (NPL) rates in Southeast Asia, largely by design, its Chief Financial Officer Peter Oey said last week.
After Tsingshan Holdings Group triggered a historic short squeeze in nickel markets last week, Beijing could now reportedly step in to rescue the Chinese industrial giant.
Russian efforts to bypass Western sanctions are making progress through China and India, two of the three UN Security Council Members that abstained from voting to deplore the invasion of Ukraine last month.
The uncertain political situation is tempting more and more people to acquire additional passports and resident permits. Some destinations are surprising.
HSBC furthers its commitment to Hong Kong with the hire of a senior banker from New York to join as the vice chair of its global banking unit.
Besides removing staff from Russia, J.P. Morgan is also planning to relocate top dealmakers from Hong Kong.
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