The resignation of Chairman António Horta-Osório sets a precedent for Credit Suisse. The high-flyer's sudden departure underscores how heavily his missteps had weighed on the Swiss bank, finews.com finds.
UBS has hired a former investment banker from Citic CLSA as its head of China technology media and telecommunications, according to a note seen by finews.asia.
Brokerage firm Haitong International has appointed three managing directors for its institutional client segment.
HSBC Asset Management has hired an industry veteran to lead its efforts in exchange-traded funds.
Barclays has expanded its Australian investment banking unit with the hire of two new managing directors.
U.S. real estate firm CBRE has bolstered its capital markets unit in Asia Pacific with two new hires.
Following an investigation into Covid rule breaches, Credit Suisse's António Horta-Osório has stepped down with a new successor selected by the board of directors.
Credit Suisse’s board of directors has to rule over its chairman. The bank’s regulations describe the process and reveal a surprising onlooker.
Investors are increasingly calling for asset managers to divest from certain companies in their portfolios for environmental, social and governance reasons. But is this the only right approach? Sean Hagerty asks in an essay on finews.first.
The imminent launch of a new high-tech tax system in China is already making the wealthy extremely anxious.
A renowned Chinese economist has been banned from posting new comments on social media platform Weibo after calling on the country’s central bank to print trillions of yuan to encourage births.
China Evergrande has dodged an immediate default after securing a payment extension for a domestic bond.
Seba is raising nearly $120 million, in a bid to fuel its expansion outside of Switzerland.
J.P. Morgan has hired an industry veteran to lead its private banking operations in Asia, finews.asia has learned.
Credit Suisse’s asset management arm has made five filings on insurance claims related to its Greensill-linked supply chain finance funds as part of its broader asset recovery efforts.
Citi has found a Southeast Asia buyer in UOB and has agreed to sell to it the consumer banking units of four markets in the region.
Partnership announced between Swiss Asset manager with Mideastern roots and Zurich-based private bank.
Singapore's sovereign wealth fund GIC is set to receive over $130 billion after the city-state’s parliament ordered passed a bill that will reduce the central bank’s reserve.
The Hong Kong Monetary Authority has launched a consultation seeking public feedback on the regulation of stablecoins, including a recommendation to govern some of its issuers like banks.
Many of the world's rich and famous are big crypto fans. Now some are getting into trouble for being loudmouthed about it.
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