China’s top parliament is in the last of its four-day meeting on draft bills with some broad indications unveiled about Hong Kong’s anti-sanctions law, including a rough timeline and government entities to be involved.
Credit Suisse is in its current mess partly because of bankers acting without authorization, and three cases demonstrate the urgent need for a change in culture.
Vontobel expects a higher rate of loan defaults in the next few months, meaning bank profits are unlikely to remain as high as they have been, and is toying with various strategies to counter this, its chairman has said.
The pilot will initially be conducted on a limited group under the BOT before it is expanded to the public, retail stores, banks and non-banking facilities.
Beijing has finally decided to step in to prevent the fall of troubled bad debt manager Huarong via recapitalization from government-backed investors.
Joining from HSBC Asset Management, he brings almost 30 years of global asset management experience.
The crypto-finance venture led by Bitmain Technologies’ billionaire founder Wu Jihan has made senior additions to its business development team in Asia and EMEA.
Standard Chartered added a private banker focused on the south and southeast Asia market, joining most recently from Bank of Singapore.
Star banker Boris Collardi was never fully accepted as a member of the club at Pictet, finews.com discovered when it looked into why it came to a parting of the ways between him and the venerable wealth manager.
The bank will provide its 40 million customers in Japan access to the platform by offering via its MUFG Quick Deposit.
The Canadian insurer and financial services provider will expand operations on the mainland to capture growing demand.
U.S. Securities and Exchange Commission chairman Gary Gensler spoke about the risks of investing in Chinese stocks, detailing worries about the use of shell companies and directing his staff to take a pause on IPOs of such firms.
Based in Hong Kong, he will be responsible for growing iShares exchange traded fund (ETF) market share and ETF adoption among investors in the region, as well as institutional index mandates.
HSBC expressed renewed confidence in its business outlook with regards to U.S.-China relations, with chairman Mark Tucker calling the latter market «too big to ignore».
Geneva-headquartered Pictet registered stellar record figures worldwide, including in Asia where it saw an all-time high in net new money for the first half of the year.
Swiss private bank Pictet's first-half results were record-breaking despite being upstaged by the departure of partner Boris Collardi.
Pictet said Boris Collardi is leaving its seven-person partnership.
Ransomware attacks are a real risk for banks and financial institutions, which are suffering from a transformation gap where their security measures lag behind their complex IT infrastructures, the data protection firm said.
Based in Hong Kong, he will oversee the development of Jupiter’s relationships with investment consultants and its prospective institutional clients across the Asia Pacific region.
Chinese property developer Evergrande continues to undergo debt troubles despite ongoing asset sales, senior management changes and more.
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