Friday, 22 November 2024

FINANCE Monday, 27 March 2023 09:43

Tidjane Thiam Prefers to Blame Others

A former CEO of the failed Credit Suisse washes his hands of responsibility in a guest article for the Financial Times. He leaves no doubt about his successes, however.

FINANCE Monday, 27 March 2023 09:43

Swiss Crypto Bank Seba Aims High in Asia

The new Asia Pacific head of Zug-based crypto bank Seba Bank explains why it is focusing on the financial hubs of Hong Kong and Singapore in its Asia strategy.

PEOPLE Monday, 27 March 2023 08:12

HSBC Hires Head of Wealth Planning for APAC

A 30-year industry veteran is joining HSBC’s private banking arm to lead wealth planning in the Asia Pacific region.

FINANCE Sunday, 26 March 2023 00:17

Bernardo Brunschwiler: «The Damage Started with Clariden Leu»

Credit Suisse is the tale of a collapse foretold. Even in its core wealth management business, the decline has been very apparent for 15 years now, writes Bernardo Brunschwiler in a piece for finews.first.

FINANCE Friday, 24 March 2023 16:23

Hong Kong Rolls Out Goodies to Attract Rich Families

As part of its ambitions to be a famly office hub, the Hong Kong government has announced a slew of new measures that cover a wide range of areas including residency, art, philanthropy and more.

FINANCE Friday, 24 March 2023 15:56

UBS Desperate to Keep Credit Suisse's Asia Private Bankers

Asia is a very important growth market for the «new» UBS. The Swiss financial giant wants to retain Credit Suisse's top talent in the region.

FINANCE Friday, 24 March 2023 14:44

Bondholder Lobby Group Decides Against CS AT1 Lawsuit

Credit Suisse's writedown of its AT1 bonds roiled financial markets around the world, and law firms are considering legal action. But a group of major US and Canadian asset managers has decided against the move.

FINANCE Friday, 24 March 2023 14:30

Do Kwon Arrested in Montenegro

The chase for fallen crypto entrepreneur Do Kwon may have finally come to an end with his arrest in Montenegro. 

FINANCE Friday, 24 March 2023 13:53

The «New» UBS Makes a Big Jump

With investment products such as funds and ETFs, UBS is catching up with the international giants through its merger with Credit Suisse.

FINANCE Friday, 24 March 2023 12:26

HKMA: «Shareholders Are the First to Absorb Losses»

The Hong Kong Monetary Authority issued a statement supporting the traditional credit hierarchy, in the midst of ongoing worries about Credit Suisse’s AT1 wipeout.

FINANCE Friday, 24 March 2023 12:05

Banks Sound Off on AT1 Outlook

Markets were caught by surprise by Credit Suisse's multi-billion dollar AT1 bond write-off. Banks sound off on the future of the asset class, especially in Asia.

PEOPLE Friday, 24 March 2023 11:19

AmEx Appoints Asia Head

Payment card firm American Express has appointed a head of Asia based in Hong Kong.

PEOPLE Friday, 24 March 2023 10:38

UOB CEO Receives 2022 Pay Hike

Following a record 2022 for profits at UOB, its chief executive officer has received a pay increase of over 30 percent.

FINANCE Friday, 24 March 2023 09:25

Finma Defends Credit Suisse CoCo Bond Wipeout

Credit Suisse's full write-off of its AT1 debt as a condition of its takeover by UBS has come under severe criticism. After receiving numerous inquiries, the financial regulator explains the decision.

FINANCE Friday, 24 March 2023 09:23

SNB Chairman: «I Am Not Aware of Any Foreign Pressure»

The president of the SNB defended his institution against accusations it intervened too late in the collapse of Credit Suisse. It will keep a watchful eye on the market power of the newly emerging banking colossus.

FINANCE Thursday, 23 March 2023 16:31

Hong Kong Lures Family Offices with New Measures

The Hong Kong government will announce a series of measures during its summit on Friday to attract family offices to the city.

FINANCE Thursday, 23 March 2023 16:03

MAS: AT1 Losses to be Covered by Resolution Fund

In the midst of a Credit Suisse AT1 bond wipeout, the Monetary Authority of Singapore is exercising its powers to allow investors to potentially claim some losses from an industry-funded pool.

FINANCE Thursday, 23 March 2023 14:44

Hong Kong: Asia’s Most Expensive City for Business Travel

Hong Kong maintained its throne in 2022 as Asia’s most expensive destination for business travel, according to ECA International.

PEOPLE Thursday, 23 March 2023 14:35

John Mack's Advance Praise for UBS Chairman Kelleher

The retired Morgan Stanley heavyweight and former Co-CEO of Credit Suisse has mixed feelings about his former employer. Still, he is full of praise for UBS's current chairman, saying he is the right person to handle a large-scale, complex merger.

PEOPLE Thursday, 23 March 2023 12:01

DWS Appoints APAC Head

German asset manager DWS has announced the appointment of a new head for the Asia Pacific region.

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