Illicit addresses received $14 billion over the course of the year, up from $7.8 billion in 2020.
Swiss bank second financial institution to predict a drop in city home prices.
A lack of commitment to push for widespread adoption of analytics-driven approaches is costing wealth managers in Asia's high net worth segment to lose on up to $45 billion in incremental value, according to McKinsey.
Inflation is increasingly being underlined as the key risk to derailing the global economic recovery with Prudential chair Shriti Vadera sharing the reminder of its historical relationship with serious political unrest.
Japan’s Mizuho Financial Group is reportedly set to name a new chief executive, succeeding Tatsufumi Sakai who will exit after multiple technical failures in 2021.
The CEOs of both the Swiss bank and the Japanese investor are personally involved in a high-stakes dispute between the two.
Private equity tycoon Wang Chaoyong has reportedly resurfaced after disappearing from public view since November 30.
China’s top anti-graft watchdog is probing the chairman of the nation’s largest insurance firm, in a landmark example of Beijing’s growing crackdown on the financial sector.
UBP has hired a former Julius Baer executive to join as its head of wealth planning for South Asia.
More help is needed across various industries and stakeholders in order to achieve ambitions in sustainability, according to UBS’ Hong Kong chief executive Amy Lo, underlining that the financial sector alone cannot carry the burden.
The Russian President Vladimir Putin threatening the Ukraine offers highly uncertain rewards yet a potentially lethal downside for him and his inner circle, Beat Wittmann writes in an essay on finews.first.
Credit Suisse's Antonio Horta-Osorio will reportedly face criticism from the bank’s board after a probe found two breaches of COVID rules by the chairman last year.
Brankas has raised over $20 million in a series B funding round led by Insignia Ventures and Visa, and participation from existing investors Beenext and Integra Partners.
A rocky start for Chinese equities has led its securities regulator to reassure markets with various measures to control volatility underway.
The Swiss-headquartered wealth manager said the region is on track to being a «key and more essential part» of its franchise.
Singapore-based fintech iFast will look to expand its reach in the U.K. by acquiring a majority stake in Bahrain's BFC Bank.
Sygnum raised $90 million from a group of new as well as existing investors. It plans to use this to push into a new area of digital assets.
Clients outside the private bank are set to benefit from HSBC’s merged wealth and personal banking structure with plans to broaden the alternatives offering across segments.
Credit Suisse has won a U.S. court order to seek documents from Softbank as part of its ongoing lawsuit against the Japanese conglomerate over its alleged involvement in the Greensill collapse.
UBS continues to bolster its sustainable finance capabilities with the hire of a new duo in the Asia Pacific region, finews.asia has learned.
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