Credit Suisse posted a rise in APAC profits but saw a net asset outflow from the region due to efforts by clients and the bank itself to reduce risk-taking.
After breaking numerous profit records in 2020, Credit Suisse posted a pre-tax loss in 2021 due to various factors, including the collapse of Archegos and major litigation costs.
Credit Suisse's De Ferrari leaves a job unfinished, with the Australian firm posting an overall net loss and the Australian wealth management division seeing profit drop.
HSBC is reportedly planning to expand its prime brokerage business to provide financing services for hedge funds and family offices seeking to invest in Asia.
Severin Schwan’s days as Credit Suisse’s vice-chair could be numbered after reports that two key investors are against him taking on another term.
Hong Kong-based virtual bank Mox has hired two C-suite executives to bolster its tech capabilities.
The criminal court makes a broad decision on the statute of limitations. Their rationale is interesting.
Geneva-based Pictet joins the club of Swiss private banks topping the 1 billion Swiss franc profit mark.
Hong Kong-headquartered Raffles Family Office has hired an asset management veteran as its deputy group chief executive officer.
Tighter COVID-19 restrictions to take effect tomorrow. Despite that, key government adviser is optimistic city will reopen «soon».
HSBC Asset Management has appointed a new head of alternative solutions who will relocate to Singapore later this year.
The Zurich-based wealth manager achieves record profits for 2021, while net new money growth slows.
In the latest in a series of additions, Guggenheim Securities said Monday it has brought on Alexander Ramirez as a senior managing director for its technology, media and telecom (TMT) investment banking practice.
CSOP Asset Management and Singapore fintech Hashstacs, or STACS, have completed a prototype of a blockchain-based over-the-counter (OTC) derivatives trade processing platform, the companies said Tuesday.
Barclays has relocated a 30-year veteran from London to Singapore to lead its corporate banking unit for Asia Pacific and the Middle East.
Natixis has relocated the senior country manager for its Canada branch to Singapore to strengthen its real assets business and infrastructure funds coverage in the region.
Franklin Templeton has tied up with start-up accelerator F10 Global Innovation Network Singapore to create an incubation program in Singapore for early-stage fintech start-ups, the companies said in a press release Wednesday.
Julius Baer is setting up an innovation hub in Singapore. Why is the Swiss bank opting to do this in Asia and not closer to home in Zurich?
In a high-stakes dispute related to the now-defunct finance firm Greensill, battle lines between Softbank and Credit Suisse are hardening.
The bonus pool at Credit Suisse will be lower than planned after its worst year since the financial crisis. Bank regulator asked bank for significant reductions.
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