The Swiss bank's boom quarter reveals that it needs to overhaul its strategy and targets faster than it plans to.
Ralph Hamers joined UBS as a digitizer. His long-term view is slowly shining through.
The Hong Kong government rejected the plea of a major industry group calling for the reopening of the city to international travel, maintaining its «zero infection» strategy.
Singapore will be adding two countries to the Vaccinated Travel Lane (VTL) scheme, under which travellers will only need to take a Covid-19 swab test after arrival and before departure in Singapore.
Investor sentiments in Asia have dampened with nearly half of high net worth individuals in the region believing that equity markets are currently running too high and are due for a correction, according to a recent survey by Lombard Odier.
The API-based «crypto-as-a-service» platform will allow financial institutions to integrate popular crypto capabilities into their financial applications.
While Asia has traditionally been a bright spot for UBS’ wealth management arm, market volatility in the region hit the business and drove both invested assets and fee-generating assets lower.
According to the Swiss lender, favorable market conditions and investor sentiment contributed to growth across the firm.
He joins an expanding team in Japan which has added numerous business generation, development, and construction team members in the last 12 months.
After an over 18-month hiatus, Standard Chartered’s flagship marathon in Hong Kong returned but the event was dominated by politics and reported accusations of censorship.
The Swiss bank's ex-security chief is mired in an enforcement investigation by Switzerland's financial regulator and one of the planned surveillance operations was reportedly tied to ex-CEO Tidjane Thiam's private life.
The race to succeed UBS Chairman Axel Weber is narrowing, with Switzerland’s best-known banker emerging as a promising candidate.
He brings to the bank over 25 years of experience across diverse geographies and global leadership roles in banking and fintech organisations.
Citi flagged a significant charge that will be incurred from the closure of its consumer banking business in South Korea.
UBP has appointed two new senior analysts covering key growth sectors in Asia.
Banks in Hong Kong have been advised to disclose related property of individuals who have violated the national security law, according to the latest guidelines from the city’s industry association.
Standard Chartered has hired the former Singapore chief executive of J. Safra Sarasin to lead its South Asia private banking segment.
HSBC’s Asia pre-tax profits climbed higher in the third quarter, due in part to greater activity driven by volatile markets, but macro risks loom due to economic and geopolitical factors.
A continued reduction of credit loss provisions fuelled HSBC’s pre-tax profits in the third quarter to comfortably beat analyst expectations.
A major financial services industry group has urged the Hong Kong government to ease Covid-related restrictions, underlining that current rules have put the city’s hub status, economic recovery and competitiveness at risk.
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