The Swiss wealth manager is reportedly cutting rewards to U.S. brokers who don't produce as much as it would like them to.
The Swiss bank paid a huge fine in 2014 for helping clients evade taxes. Now, whistleblowers are raising questions over how closely it hewed to the settlement.
He succeeds Tan Shu Lin, who will step down as CEO on 30 November 2021 to pursue other opportunities.
The Singapore-headquartered buy now pay later (BNPL) platform raised $40 million in its Series A funding round.
They join the 13-member board chaired by Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies.
With a tripartite pact, the Swiss wealth manager is creating a new type of leadership collective better equipped to deal with its size and complexity.
As part of its focus on expansion in Asia, VP Bank has announced the official move to its new office in Hong Kong which will be able to house more than double of the lender’s existing headcount in the city.
J.P. Morgan’s Hong Kong staff will be reimbursed for quarantine stays when returning to the city from travel to meet family, in a new policy launched shortly after the visit of chief executive Jamie Dimon.
UBS' designated chairman is a Morgan Stanley lifer – though he almost ended up at Credit Suisse two decades ago.
Haitong International has hired a former UBS Global Wealth Management executive to lead investment strategy for its asset management arm.
Profitability in the first ten months of 2021 at Julius Baer «rose significantly», according to the Swiss bank, on the back of client asset growth and improved cost efficiency.
El Salvador continues to position itself as a crypto hub leader with its latest plans to build a «Bitcoin City» with bonds backed by the same digital currency.
Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon.
The Swiss bank's board is nominating a veteran of Morgan Stanley as chairman. UBS will also elevate a Swiss stalwart as his deputy.
Another two portfolio managers are leaving the bank, after a fund was hit by China's high-yield bond market slump triggered by China Evergrande's debt woes.
Indian Prime Minister Narendra Modi warned about cryptocurrencies ending up in the «wrong hands», calling on democratic nations to work together to avoid spoiling the digital asset class.
Mizuho Financial Group chief executive Tatsufumi Saki is reportedly planning to step down following government criticism over multiple glitches at the Japanese lender.
The founder of the world's biggest cryptocurrency trading platform, under fire by regulators worldwide, including the U.K. and the U.S., struck a conciliatory tone at the Bloomberg New Economy Forum in Singapore on Friday.
Hong Kong-headquartered insurtech OneDegree’s founder and chief executive Alvin Kwock spoke about the rigid culture of traditional insurers and the potential for them to cease to exist via acquisition by a tech firm in an interview with finews.asia.
Societe Generale has appointed a new head of global banking and advisory for Asia Pacific, replacing Stephen Swift who will be retiring.
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