Credit Suisse concluded an investigation into South American accounts held by its predecessor bank SKA during the 1930s and World War II. There was no evidence to support the Simon Wiesenthal Center's allegations about assets that may have come from Holocaust...
Comments by a central bank governor show it is paying close attention to technological developments but sees little use for them – right now. finews.asia takes a look.
Frankfurt-based Deutsche Bank is betting on the ultra-rich in Asia with plans to double private banking revenue from the region in five years.
In partnership with Cornell University, Julius Baer is launching a wealth planning training program for clients in Asia.
Zurich-based Julius Baer unveils its new office in Hong Kong which has a total space of 100,000 square feet.
Insurance giant AIA has announced the appointment of a 26-year veteran as its healthcare chief.
A former Credit Suisse CEO is seeking advice from cybersecurity experts after being blackmailed via social media.
The UBS takeover of Credit Suisse will result in wealth outflows that total more than $120 billion, according to a Citi estimate.
Paris-based BNP Paribas will enter Thailand’s onshore wealth management market with the launch of a new unit.
Instead of raising new capital to fund its takeover of Credit Suisse by issuing new shares, UBS will repurpose some of those it obtained as part of a repurchase program.
Credit Suisse is rescheduling its quarterly earnings and removing all opportunities to be asked questions.
HSBC spotlighted its optimism in China and the key role that the country plays in its wealth management vision during a recent summit in the mainland.
A US judge ruled in favor of the Securities and Exchange Commission to seek records in Singapore related to Terraform Labs and founder Do Kwon.
Renewed rumblings of discontent by shareholders, including Ping An, look to turn the British-based bank’s annual general meetings into perennial exercises in self-justification. finews.asia takes a look.
The Malaysian government is re-evaluating a 1MDB-related settlement deal made by the previous administration and Goldman Sachs.
While filed lawsuits by bondholders over Credit Suisse’s emergency takeover are becoming increasingly menacing for Switzerland, the damage to investor confidence could be irreversible.
London-based HSBC strengthens its wealth offering in mainland China with an upgrade of its legacy planning services.
With outrage over the Credit Suisse debacle unleashed during an extraordinary session of the Swiss parliament, the Swiss financial industry is left to pick up and mend the broken shards. This will require a sober assessment grounded in reality.
Franklin Templeton strengthens its Thailand business with the hire of a former executive from Singapore-based Eastspring.
Emergency law was used to push through the Credit Suisse takeover by UBS, with subsequent approval by the Federal Assembly as merely a formality according to the Swiss Finance Minister. Legal experts see otherwise.
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