After last year’s strong financial results Switzerland’s largest bank will struggle to outdo its previous performance as market conditions turn and markets get off to a bad start in 2022.
Francesco De Ferrari is putting together his team as he sets up his private client unit in line with the bank's new matrix structure.
Ho Ching, who recently retired as the long-running CEO of Singapore state-owned investment company Temasek Holdings, has joined the Mission Board of EQT’s sustainability-focused Future fund.
Double digit gains in pre-tax profit contrasts with a significant year-on-year decline in wealth and asset management invested assets.
UBS reported a full-year net profit of $7.49 billion, up 14 percent year-on-year, citing favorable market conditions and investor sentiment.
The pandemic has created a parallel universe for massively enrichened billionaires. And banks have to play along.
The China Securities and Regulatory Commission reportedly met with the executives of top western banks and asset managers to give assurances about the nation’s growth outlook.
As a «one-off gesture of goodwill», OCBC has made full payouts to its recently discovered phishing victims which totaled nearly 800 and more than $10 million in losses.
Hong Kong’s securities regulator has fined Citigroup around $45 million over misconduct in its cash equities business.
The Year of the Tiger is here. We at finews.asia would like to send you best wishes for the Lunar New Year!
The Year of the Tiger is upon us and banks are once again splashing out for their red packets – a highly sought-after corporate premium by both clients and collectors. finews.asia reviews the designs by the region’s top private banks.
Federal prosecutors in Switzerland are reportedly seeking more than $45 million in compensation from Credit Suisse over its alleged failure to prevent money laundering by a Bulgarian drug ring.
When it came to DBS Group‘s decision to acquire Citigroup’s Taiwan assets, Piyush Gupta, CEO of the Singapore-based banking group, said geopolitics was «perhaps the single largest question that our board wrested with.»
It may take another few weeks, possibly up to the March meeting, to understand fully the path of the Federal Reserve, Sébastien Galy writes in an essay on finews.first.
Russia is expected to retain the crypto mining market with President Vladimir Putin reportedly opposing the central bank’s proposal for a blanket ban and backing a government plan instead to regulate the market.
Chinese state media reportedly called on various financial institutions to «stiffen the spine» of A-shares amid a global downturn in equity markets.
UBS faces far less pressure to change strategy than Credit Suisse does. But CEO Ralph Hamers may still want to draw some lines in the sand next week.
Malaysia’s largest lender Maybank has appointed a new group president and chief executive, succeeding Abdul Farid Alias.
Citi continues the sale of its non-core consumer assets, this time in Taiwan where DBS has been selected as the buyer.
The Hong Kong government has announced the loosening of its strict 21-day quarantine for international travels, in the midst of ongoing pressures in the business community to adjust policy.
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