The major parties in the Swiss Parliament largely agree the combined UBS is too big. But thwarting the merger by political means is difficult.
OCBC’s private banking arm has hired a 27-year veteran in investment advisory to join its Hong Kong unit, finews.asia has learned.
Beijing-based Tiger Brokers is testing its own text-generating chatbot that will soon be rolled out as an artificial intelligence-based investment assistant.
Recent instability in the global banking system will affect Asia to a lesser extent, according to a research report by UBS which remains positive on high-quality AT1 debt issued by local lenders in the region.
Switzerland's parliament opens debate today in an extraordinary session over the bailout of Credit Suisse.
UBS's forced takeover of Credit Suisse has clearly unsettled independent asset managers. Still, some see opportunity despite the imminent threat of a new banking colossus.
Regional healthcare private equity deal activity grew in 2022 but its global market share shrunk due to a slowdown in China, according to a Bain & Company report.
London-based Janus Henderson has hired a former executive from Aberdeen Standard Investments as a director of sales management.
Wealthy individuals from the Middle East are showing interest in setting up family offices in Hong Kong, according to UBS’s Amy Lo, amid government efforts to lure more riches into the city.
Amidst the volatile market situation, risk management has been a very strong discussion point for family offices. And it is very important because speed becomes an essence.
The global financial system has so far been able to cope with the collapse of several banks. Are these isolated events, and has the crisis of confidence been overcome?
The Singapore arm of AIA Group appointed a new chief distribution officer and a new chief corporate solutions officer.
The US affiliate of global crypto exchange Binance tries to find a bank for its customers’ cash after its key banking partners collapsed.
Debtors of failed crypto exchange FTX conduct an ongoing review and release the first report regarding pre-petition events and issues that preceded the Chapter 11 cases.
A Saudi prince has breached a loan agreement for financing a luxury yacht. A London court has ruled in favor of Credit Suisse.
The recent events surrounding Credit Suisse serve as a reminder of the importance of branding and reputation for a company, Florin Baeriswyl writes in an essay for finews.first.
So long as the fate of CS Switzerland hangs in the balance, there will be speculation and political wrangling. The roles in this drama are clearly defined.
As digitalization accelerates in the financial sector, the Singapore-based bank doesn't want to get left behind.
The Singapore regulator convenes a forum reinforcing financial sector practices related to public cloud service use.
«Zombie» is an apt moniker for Credit Suisse, now that it's crystal clear that without intervention, the bank would have been history last fall. Outflows were even greater than the bank admitted.
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