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Tuesday, 19 November 2024
Tuesday, 19 November 2024

FINANCE Friday, 11 March 2022 23:08

Beat Wittmann: «How Will Putin’s War End – Three Scenarios»

With his launch of an all-out war against independent and democratic Ukraine, Wladimir Putin failed with his «Blitzkrieg» strategy to conquer and occupy. He miscalculated in all dimensions – militarily, politically, economically and financially, Beat Wittmann...

 FINANCE Friday, 11 March 2022 17:42

Two U.S. Banks Exit Russia

In response to Russia's invasion of Ukraine and related sanctions, many international firms are exiting Russia. But Switzerland's biggest banks are keeping their plans to themselves.

PEOPLE Friday, 11 March 2022 16:19

Credit Suisse Hires Top Asia EAM Banker From UBS

Credit Suisse has appointed a head of external asset managers for the region, finews.asia has learned, with the hire of a former UBS private banker.

FINANCE Friday, 11 March 2022 15:58

Ex-Goldman Compliance Officer Describes Vetting Process for Jho Low

Roger Ng’s 1MDB trial continues with ex-Goldman Sachs compliance officer Patrick Kidney presented to potentially show that the former banker continued to do business with Jho Low even after he raised alarms internally.  

PEOPLE Friday, 11 March 2022 14:46

HSBC Adds Tech Veteran to Board

Asia-focused British lender HSBC has appointed a veteran from the technology sector as a new board member.

FINANCE Friday, 11 March 2022 13:00

South Korea’s Election Tipped to Benefit Banks

The outcome of South Korea’s presidential election is likely to be a positive for the country’s banks, analysts said.

FINANCE Friday, 11 March 2022 11:18

Tsingshan: More Nickel Shorting to Come?

The nickel market could face more drama upon reopening as Tsingshan founder Xiang Guangda reportedly has no intentions to reduce his short positions.

FINANCE Friday, 11 March 2022 10:10

Mainland Regulator Bars Brokers from Hong Kong SPAC Promotion

After already being late to the blank cheque boom, Hong Kong faces more SPAC headwinds with China’s securities regulator reportedly barring mainland investment banks from acting as promoters. 

FINANCE Friday, 11 March 2022 09:45

Ex-Credit Suisse Chair Bags Millions

The Swiss bank is paying out a million franc sum for its former chair who broke quarantine rules in two countries.

FINANCE Friday, 11 March 2022 05:47

Credit Suisse Speaks Out on War in Ukraine

Credit Suisse's chair and CEO comment on the situation in Ukraine and share details on the bank's exposure to Russia. 

PEOPLE Thursday, 10 March 2022 16:55

UBS Appoints M&A Co-Heads for Asia Pacific

UBS makes changes at the top of its investment banking unit with the appointment of new APAC co-heads for mergers and acquisitions. 

REAL ASSETS Thursday, 10 March 2022 16:09

U.S. Warns Chinese Chip Maker Against Aiding Russia

U.S. secretary of commerce Gina Raimondo warned Chinese companies against assisting Russia’s efforts to bypass sanctions, singling out semiconductor giant SMIC.

FINANCE Thursday, 10 March 2022 14:37

Grab, Japanese Banks Shortlisted for South Asian Consumer Assets

Japanese banking giants and ride-hailing superapp Grab have been reportedly shortlisted to acquire consumer lender Home Credit’s various assets in Asia's southern region.

PEOPLE Thursday, 10 March 2022 13:14

Insurtech Igloo Names New CEO

Southeast Asian insurtech Igloo has promoted Raunak Mehta to co-founder and CEO, from chief commercial officer.

FINANCE Thursday, 10 March 2022 12:31

Activist Investors Pressure Credit Suisse on Climate

A group of institutional investors is calling on Credit Suisse to be more transparent about the impact of its business on the climate. Credit Suisse says it is pursuing a clear strategy.

PEOPLE Thursday, 10 March 2022 12:27

«Big Shot's» Nickel Short Squeeze: Who is Xiang Guangda?

Chinese entrepreneur and Tsingshan founder Xiang Gungda is reportedly at the center of a historic short squeeze of nickel prices that saw the industrial giant shoulder billions of dollars in paper losses. 

PEOPLE Thursday, 10 March 2022 11:23

Paragon Capital Management Taps Ex-Credit Suisse Private Bankers

Paragon Capital Management Singapore (PCMS) has added two senior team members, both formerly at Credit Suisse Private Bank.

FINANCE Thursday, 10 March 2022 10:38

J.P. Morgan Extends Loan Package to Rescue Tsingshan

Chinese nickel giant Tsingshan Holdings has reportedly secured loan packages from various lenders – including J.P. Morgan – preventing the immediate realization of losses that total billions of dollars.

PEOPLE Wednesday, 9 March 2022 15:14

DBS CEO Gets a Pay Bump

Piyush Gupta, the CEO of Southeast Asia’s largest bank, DBS, received a pay bump of around 48 percent from 2020 to a total of S$13.58 million in 2021.

FINANCE Wednesday, 9 March 2022 14:57

Nickel Price Spike Sparks Margin Call Fears

A sharp surge in nickel prices triggered margin call fears at the London Metal Exchange which suspended trading after prices doubled in hours.

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