The initiative aims to enable effective, data-driven decision-making around environmental, social and governance (ESG) factors so that banks can better support their clients’ green trade financing needs.
Barclays Private Bank has strengthened its Asia business with three new appointments in Singapore.
The Swiss lender's chair once again splashed out on buying shares, shortly after giving the bank a new strategy.
The Swiss bank is offloading its business with hedge funds to a French rival. This follows more than $5 billion in losses in the unit on Archegos' downfall.
A major shareholder spoke out in favor of partnering one or both of the Swiss bank's problem units – asset management and investment banking. Crosstown rival UBS is a prime candidate.
Hong Kong’s largest lender will reportedly require staff to be vaccinated or submit bimonthly tests after regulators asked financial institutions to «proactively encourage» workers from the sector to take the jab.
Hong Kong-based Swiss investment manager HSZ Group’s chairman and founder will retire after establishing the business more than two decades ago.
Starting next year, banks in Singapore will have to undergo stress tests and make regulatory disclosure to ensure the management of climate and other environmental risks.
The pioneer of central bank digital currency, China recorded its first case of money laundering via the electronic yuan.
Manulife Investment Management bolsters its Hong Kong unit with the hire of two Asia fixed income specialists.
HSBC’s wealth and personal banking chief Nuno Matos underlined the importance of securing client trust rather than developing technology as the top factor to success in future banking.
Global private equity firm Carlyle has hired a former Blackstone executive to co-lead its India investment advisory team.
Credit Suisse said it closed the account of Chinese dissident artist Ai Weiwei’s account due to missing paperwork, in a response to earlier accusations that it had done so to win business in the mainland.
The Swiss bank plans to unveil a new bonus model next year. This follows outsize risk-taking from several units, leading to a painful scandal and huge losses.
The Swiss bank’s reveal of new strategy without clarity on who will push it through prolongs a period of uncertainty – including for CEO Thomas Gottstein.
The 6th annual Singapore Fintech Festival has launched today, kicking off the one-week event that will focus on financial services and third generation internet services Web 3.0.
In a sign of things to come – and where they might come from – Goldman Sachs’ 2021 managing director list featured the American bank’s tech office in India.
As of January 2022, Credit Suisse’s Asia Pacific business will no longer be a standalone unit following organizational restructuring at the bank. Without the full autonomy to make local decisions, what will this mean for cross-divisional collaboration in the...
The Swiss bank is aiming to simplify and improve its business with a new matrix structure, which reinforces cross-divisional collaboration and management oversight.
Instead of a decisive coup, the Swiss bank's new strategy is simply shifting emphasis from one area to another. The outcome is uncertain but the journey there is certain to be a grueling marathon, finews.asia writes.
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