Friday, 22 November 2024

FINANCE Wednesday, 3 May 2023 11:44

MUFG Diversifies Clients’ Portfolios by Selling Credit Suisse’s AT1 Bonds

Japan’s MUFG sold Credit Suisse’s additional tier 1 AT1 notes to clients via Mitsubishi UFJ Morgan Stanley Securities.

PEOPLE Wednesday, 3 May 2023 11:37

Roger Ng Will Start Prison Term in August

The former Goldman Sachs banker Roger Ng has received approval to  to delay the start of his 10- years prison sentence.

FINANCE Wednesday, 3 May 2023 11:30

Saudi National Bank Ups Profit Despite Credit Suisse

In 2022, the Saudi National Bank took a 9.9 percent equity stake in Credit Suisse through an «opportunistic» investment. The Swiss lender's forced takeover by UBS did not impede the Saudi bank's profit growth.

FINANCE Wednesday, 3 May 2023 09:09

The Wave of Credit Suisse AT1 Lawsuits is Growing

As UBS works to complete its takeover of Credit Suisse soon, more investors are rushing to court over the write-down of Credit Suisse's mandatory convertible bonds. The pressure is increasing, especially from the US.

FINANCE Wednesday, 3 May 2023 04:07

Guy de Picciotto: «China will be a gigantic wealth management market»

He is one of the longest-serving bank CEOs and shows little sign of stopping anytime soon. Instead, Guy de Picciotto is on the prowl for another acquisition. In an exclusive interview with finews.asia, he discusses the practical difficulties of implementing the...

PEOPLE Tuesday, 2 May 2023 19:11

Fidelity International Announces Expanded Roles

The investment management arm of Fidelity has announced the appointment of two new roles in Hong Kong.

FINANCE Tuesday, 2 May 2023 16:28

Another Top Executive Leaves Credit Suisse

After 17 years in the pay of Credit Suisse, another executive is moving on. But first, he wants to take some time off, finews.asia has learned.

PEOPLE Tuesday, 2 May 2023 16:19

Morningstar Hires Ex-MSCI Executive

Morningstar’s ESG research arm has hired a former executive from MSCI.

PEOPLE Tuesday, 2 May 2023 15:08

Muzinich Nets Duo for Japan Expansion

Credit specialist Muzinich & Co has expanded its Japan business with two new hires.

FINANCE Tuesday, 2 May 2023 12:48

HSBC Triples Quarterly Profit

London-based HSBC more than tripled its pre-tax profit in the first quarter of 2023 due to multiple drivers including gains from the Silicon Valley Bank acquisition and significantly higher income.

PEOPLE Tuesday, 2 May 2023 12:19

UBP Adds Handful of Private Bankers in Hong Kong

Geneva-based UBP has hired a handful of new relationship managers in Hong Kong, finews.asia has learned.

PEOPLE Tuesday, 2 May 2023 11:31

Julius Baer Nabs Ex-UBS Banker for Southeast Asia

A former UBS private banker and 25-year wealth veteran has joined Julius Baer’s Southeast Asia business, finews.asia has learned. 

FINANCE Tuesday, 2 May 2023 09:30

DBS Posts Record Earnings

Singapore-based DBS saw net profit rise 43 percent to a record high in the first quarter of 2023.

PEOPLE Tuesday, 2 May 2023 07:16

Deutsche Bank Nets Ex-CS FIG Banker

Frankfurt-based Deutsche Bank has reportedly hired Credit Suisse’s head of financial institutions group in Southeast Asia.

FINANCE Monday, 1 May 2023 22:17

Lombard Odier Bags a New CIO From Credit Suisse

Credit Suisse saw another high-profile departure with the bank's CIO Michael Strobaek who is moving to Lombard Odier in the fall, finews.asia has learned. At the same time, Credit Suisse immediately named his replacement.

FINANCE Friday, 28 April 2023 16:43

OCBC Stays on High Alert for Financial Health

Singapore’s OCBC said it will stay on high alert to monitor liquidity in the midst of persistent macro risks.

FINANCE Friday, 28 April 2023 15:08

HKMA Pushes for Banking Support to Crypto Firms

Hong Kong’s central bank issued a statement to call on the banking industry to provide services to crypto firms.

FINANCE Friday, 28 April 2023 13:13

Finma: Betrayed, Mocked, Sued

Glaring weaknesses in Swiss financial supervision are making the banking hub, government, and investors pay a very heavy price – even though the approach is what most legislators want.

FINANCE Friday, 28 April 2023 11:40

Credit Suisse Erases AT1-Linked Employee Bonuses

Credit Suisse has reportedly informed employees that deferred bonuses linked to the bank’s AT1 bonds will be completely written down.

PEOPLE Friday, 28 April 2023 10:59

Tsangs Group Hires North America Director

Hong Kong-headquartered Tsangs Group has announced the appointment of a director for North America.

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