Sumitomo Mitsui Financial Group’s brokerage unit said Saturday it is investigating after some of its executives were arrested over alleged market manipulation, Reuters reported Saturday.
The invasion of Ukraine will drive Russia into recession, undermining its prospects in the short and long term, Stéphane Monier writes in an essay on finews.first.
Several Russian banks have reportedly announced plans to switch to Chinese card operator system UnionPay, following bans issued by Western counterparts.
Private market platform ADDX, backed by Singapore Exchange, has named Oi-Yee Choo, the former head of investment banking for Singapore at UBS, as its new CEO.
Global banks in Hong Kong are delivering cash handouts and other goodies in a bid to boost morale over the city’s strict Covid strategy.
HSBC’s Noel Quinn is once again under scrutiny by politicians, this time a bipartisan group of U.S. lawmakers.
A renowned private banker hired by former Pictet partner Boris Collardi is leaving the Geneva-based private bank after just three years. His successor is already in place.
As expected, Russian entities are reportedly exploring alternative options to withstand Western financial sanctions starting with China.
Tokyo-headquartered Mitsui Sumitomo Insurance Group has appointed a new chief executive to succeed a 43-year industry veteran.
Southeast Asian super-app Grab’s fintech performance stumbled in the fourth quarter.
Credit Suisse’s new technology chief wants her team to adopt agile working practices and develop a «robust engineering culture.»
Warnings are being issued from all corners of the financial sector about the threat of the zero-Covid policy to Hong Kong’s long-term status as a global hub. Will the government heed their call?
The European Union is taking a page from the U.S. sanctions rulebook. But can banks manage the new restrictions without making significant missteps?
In the face of sanctions, Russia’s oligarchs are moving their Superyachts to destinations such as the Maldives which has no extradition.
The Swiss bank goes up in court against Australia's biggest insurer, as it battles to retrieve funds from the collapse of Greensill Capital.
Hong Kong insurers are the latest to voice their concerns about the mounting pressure from talent outflows, with an industry group survey painting a pessimistic outlook.
Ex-Goldman Sachs partner Tim Leissner’s credibility was placed under scrutiny by the defendant of the ongoing 1MDB trial, with accusations of discrepancies from various claims.
Hong Kong’s latest application for a special purpose acquisition company comes from a former central banking head and family members of the city’s ex-chief executive.
Southeast Asia banking software developer Silverlake Axis is targeting a new market: Insurtech.
The Swift cut-off is happening. But its impact is unpredictable – especially for the foreign banking subsidiaries in Russia.
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