Leonardo DiCaprio, Kim Kardashian and more were allegedly paid extravagant sums to party with Malaysian fugitive Jho Low, according to a government witness from the ongoing 1MDB trial.
Julius Baer has hired a 20-year industry veteran and former UOB private banker to bolster its Southeast Asia client coverage, finews.asia has learned.
Global consultancy Synpulse expands in the region with the opening of a brand new Taiwan office, eyeing onshore private banking opportunities from recent policy developments.
London-based fintech firm Wise is expanding in Singapore with plans to hire 150 roles this year.
In addition to financial institutions, luxury firms are also increasingly finding Hong Kong’s strict Covid regime untenable for business with some pushing for relocation to another hub.
HSBC Bank (Singapore) has announced a successor to lead its board as its first independent chairman.
Singapore bank UOB reported Wednesday solid overall earnings growth, but that came despite a fourth quarter hiccup to its wealth management fees.
Pictet Wealth Management has hired a former private banker from J.P. Morgan to lead a new Greater China team, finews.asia has learned.
As the Credit Suisse drug ring trial in Bellinzona in the Canton of Ticino entered the second week of a month-long trial, a delicate transaction of Credit Suisse arose.
New Reward Director of Credit Suisse joins from a company which didn't pay bonuses in 2020.
A major drop in credit losses coupled with a robust rise in total income drove UOB’s annual profits higher in 2021.
The ex-head of India’s largest stock exchange shared confidential information with an unnamed yogi who had substantial influence in decision-making, according to a probe by the country’s market regulator.
HSBC has named a new chief executive for Hong Kong, promoting an internal candidate to the top role for the city.
Former Goldman banker Roger Ng has been accused by U.S. prosecutors of conspiring to launder money and violate an anti-bribery law, with benefits that included $35 million in kickbacks.
Cryptocurrencies, such as bitcoin, are worse than a Ponzi scheme and should be banned in India, Shri T Rabi Sankar, a deputy governor of the Reserve Bank of India (RBI) said Monday.
HSBC’s Swiss private banking arm will add two client-facing teams in Zurich, with its chief executive Alex Classen underlining Asian assets as one of the «growth stars».
HSBC will reportedly raise bonuses for some junior investment bankers and traders by up to two-fold in an effort to retain talent from competitors.
DBS Digital Exchange (DDEx), among the first bank-backed digital asset exchanges, said Tuesday its trading value topped S$1.1 billion ($816.5 million) in 2021.
In reaching a settlement in the U.S. pension case, Credit Suisse will pay a fine and cooperate in litigation against other defendants.
Credit Suisse is trying to free up blocked monies tied up the Greensill fund via insurance claims. A breakthrough, however, remains elusive.
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