HSBC’s largest shareholder – Ping An – is reportedly seeking to back a resolution to spin off the British lender’s Asia business in the upcoming annual meeting.
Shortly after UBS announced its emergency rescue, investors continued to withdraw billions from Credit Suisse funds, a situation that has since stabilized.
Is another former big shot returning to UBS? Reannointed CEO Sergio Ermotti is said to be exploring the interest of former confidants about joining him for a second act.
Holders of Credit Suisse’s fallen AT1 bonds are reportedly seeking to sue the Swiss government over what they say is an unfair wipeout of value.
Chicago-headquartered real estate specialist JLL has appointed a new head of sustainability consulting for Asia Pacific.
Employees feel increasingly lost and helpless. Hastily convened town halls and virtual meetings with senior executives do little to break a growing apathy.
The Private Banking Industry Group issued a statement denying reports that Singapore’s regulator has told banks to avoid discussing the origins of wealth inflows.
The acquisition of Credit Suisse’s subsidiaries in the US by UBS has been approved by the Federal Reserve.
Zurich-based Julius Baer will launch a new office in Hong Kong this week as part of broader expansion plans that include ambitions to capture family office opportunities in the region.
Mitsubishi UFJ Financial Group has become one of the first recorded casualties from Credit Suisse’s AT1 bond wipeout.
Bankers were allegedly asked by regulators earlier this year to keep quiet about significant asset transfers from the mainland, the FT maintains. A case of intra-regional truth or dare – or not?
API usage in financial services is already widely prevalent but understanding about the risks involved remains limited and interest in the topic is on the rise, according to cybersecurity firm Imperva.
In a bittersweet swan song, the near-extinct major Swiss bank puts in a strong showing in investment banking in the first quarter, clearly outdoing UBS, its soon-to-be acquirer. finews.asia takes a closer look.
JPMorgan Private Bank has hired a team lead for its ultra-high net worth business in Southeast Asia.
The federal government and supervisory authorities have forced UBS to take over Credit Suisse. In doing so it saddled UBS with several potential pitfalls. But hidden treasures also await the buyer.
At a time when a new crisis of confidence is shaking the banking industry, it is vital to get back to analyzing the fundamentals and noting the structural differences between the various sector players, Philip Adler writes in an essay for finews.first.
Hong Kong’s securities watchdog reportedly surprised industry participants by underlining licensing requirements for decentralized finance platforms for virtual assets.
The G20 Financial Stability Council praised Swiss authorities' handling of the financial crisis caused by Credit Suisse at home, while at the same time criticizing watered-down or not implemented standards.
In a bid to capitalize on India’s wealth opportunity, HSBC is reportedly planning to hire dozens of private bankers for its onshore business.
Once Sergio Ermotti has swapped the post of chairman of Swiss Re's for the CEO seat at UBS, the vice chairman will take the helm at the reinsurer.
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