The international media make massive allegations about Credit Suisse. There are signs it is a concerted effort to discredit all of Swiss finance.
Exor, the holding company of the Agnelli family, has learned the hard way that moving house can be expensive and traumatic.
Despite concerns about Hong Kong’s ability to maintain its status as an international financial center, Standard Chartered chief executive Bill Winters said that the British lender had no plans to relocate staff.
Allianz SE is nearing settlements with major investors in its ill-starred Structured Alpha Funds, which collapsed in the Covid-related market crash of early 2020, Bloomberg reported Friday.
Credit Suisse is facing pressure from a data leak of tens of thousands of client accounts – dating as far back as the 1940s – with revelations of alleged ties to criminals including human rights abusers, sanctioned individuals and more.
A Credit Suisse banker accused of money laundering said the bank ignored allegations of cocaine smuggling and murders. The current trial is Switzerland’s first against a major bank.
Singapore, stuck between the need to raise tax revenue and a desire for «greater progressivity» in its tax regime, eyeballed a wealth tax and … punted it for further study.
Standard Chartered chief executive Bill Winters expressed worries about Hong Kong’s ability to maintain its position as a leading hub in the region, citing risks from prolonging its strict Covid region.
Hong Kong could be struck out from the list of hubs for British insurer Prudential’s next chief executive to start his or her job.
Hong Kong’s continued decision to hold the line with its strict «dynamic zero-Covid» strategy is once again putting the city’s hub status to the test. Could this be the final straw?
Goldman Sachs is offering its executives access to the same family office services available to its clients.
Standard Chartered chief executive Bill Winters said he was keen on staying with the Asia-focused lender at least until its newly announced goal of delivering double-digit returns by 2024.
Former Goldman Sachs partner Tim Leissner testified yesterday, claiming that Roger Ng was the lead banker on 1MDB and relationships with Malaysian fugitive Jho Low.
The Securities and Futures Commission is the latest to express worries about Hong Kong's operating environment, with a public statement underlining challenges to the city’s development as a financial center.
Credit Suisse’s new bonus plan is causing resentment among senior managers. Many have swallowed the bitter pill but are gagging on it, research by finews.ch shows.
Citigroup is moving some of its senior equities staffers out of Hong Kong and to other markets, including Singapore, as the protectorate’s zero-Covid strategy rattles banks, «Bloomberg» reported Thursday.
Standard Chartered more than doubled its profit for 2021, though the Asia-focused British lender fell short of analyst forecasts.
KKR has tapped Neil Chatterjee, the former commissioner and chairman of the Federal Energy Regulatory Commission (FERC), as an advisor to its global infrastructure team.
While onshore private banking in China remains alluring, the introduction of the ‘common prosperity’ policy has created more downside risk for the market, according to a recent research report by UBS.
The Swiss banking industry as a whole has put the US tax dispute behind it. But for some institutions like ZKB, Credit Suisse and Pictet, the issue still lingers.
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