Friday, 22 November 2024

PEOPLE Thursday, 16 March 2023 14:44

Partners Group Adds Asia Wealth Duo

Private markets specialist Partners Group has added two new executives for its wealth business in Asia Pacific.

FINANCE Thursday, 16 March 2023 14:41

The Great Misfortune of Credit Suisse's Biggest Shareholder

Credit Suisse, already under severe strain, now has to contend with a major shareholder who, to his detriment, clearly does not care enough about his investment.

FINANCE Thursday, 16 March 2023 11:44

CLSA to Double Southeast Asia IB Headcount

Citic-owned CLSA plans to double its investment banking headcount in Southeast Asia to link investors, most notably from China, with opportunities in the region.

FINANCE Thursday, 16 March 2023 11:20

Ulrich Koerner: «SVB Collapse is Not Comparable At All»

Credit Suisse chief Ulrich Koerner continues to make efforts to reassure markets about the troubled Swiss lender’s financial health, spotlighting its «too big to fail» status.

FINANCE Thursday, 16 March 2023 11:17

For Credit Suisse, Gallows Humor is No Laughing Matter

Although Credit Suisse's share price dropped below the two-franc mark for the first time, the crisis engulfing the bank is being met with nonchalance in Switzerland, as finews.asia discovered. Still, nobody seriously wants to discuss the liquidation of the...

FINANCE Thursday, 16 March 2023 09:46

Goldman Revealed as Buyer of SVB Securities That Sparked Crisis

In an attempt to shore up its financial position, Silicon Valley Bank sold most of its marketable assets, resulting in a loss that panicked markets. Goldman Sachs was the buyer. 

FINANCE Thursday, 16 March 2023 09:44

Credit Suisse to Borrow Billions From SNB to Boost Liquidity

Troubled lender Credit Suisse has announced its intention to borrow from the Swiss National Bank to help strengthen liquidity amid continued loss of confidence. 

FINANCE Thursday, 16 March 2023 09:42

Credit Suisse Shares Drop Even as Major Investor Lauds Revamp

The chairman of the Saudi National Bank, which holds a major stake in Credit Suisse, is happy with the bank's restructuring. Still, the price of Credit Suisse shares continues to fall.

FINANCE Thursday, 16 March 2023 05:22

SNB and Finma Respond to Credit Suisse's Call for Help

Following a request by Credit Suisse on Wednesday for a statement of support from the Swiss National Bank and the Swiss Financial Market Supervisory Authority, they did just that.

FINANCE Thursday, 16 March 2023 00:47

Credit Suisse Asks SNB For a Public Show of Support

Credit Suisse saw its stock price drop by 30 percent on Wednesday, sent lower by comments from the Saudi National Bank (SNB) Chairman. It is now asking an institution with the same acronym for a show of support. Europe is concerned.

FINANCE Wednesday, 15 March 2023 20:06

DBS Acts as Anchor Investor in Impact Fund

DBS announced the first close of an impact fund with itself as the anchor investor alongside other family offices, foundations, corporates and high net worth individuals.

PEOPLE Wednesday, 15 March 2023 17:33

Axis Bank Nabs Credit Suisse Researcher

A former Credit Suisse executive is reportedly joining Mumbai-based Axis Bank to lead its research division.

FINANCE Wednesday, 15 March 2023 15:35

DOJ, SEC Probe SVB Closure

US authorities are reportedly investigating the recent collapse of Silicon Valley Bank and possible wrongdoing by the tech-focused lender’s top executives. 

FINANCE Wednesday, 15 March 2023 14:56

Barings Acquires Structured Finance Specialist

Charlotte-based Barings acquires specialist asset manager Gryphon to boost its capabilities in structured finance and accelerate entry into Australia’s wealth market. 

PEOPLE Wednesday, 15 March 2023 12:20

Whampoa Group Adds Digital Investment Duo

Singapore-based multi-family office Whampoa Group has announced the appointment of co-heads to oversee public market investments for its digital arm. 

FINANCE Wednesday, 15 March 2023 12:06

Lumen Capital Sees Enormous Momentum in Southeast Asia

For relationship managers, now could be an interesting time to embark on an entrepreneurial path, Jan Dirkmann, CEO of Lumen Capital Investors, said in an interview with finews.asia. The Singapore-based independent asset manager wants to capitalize on supportive...

FINANCE Wednesday, 15 March 2023 11:36

HSBC Mines MENA Wealth Opportunity in Singapore

HSBC is capitalizing on growing Middle East demand for global private banking services via Singapore, having set up a new coverage team in 2022.

FINANCE Wednesday, 15 March 2023 09:00

Beat Wittmann: «SVB Won't Be the Only Banking Failure This Year»

The collapse of a US bank comes as no surprise in the current macroeconomic environment and the recent sharp and rapid rise in interest rates writes Beat Wittmann in a guest article for finews.asia. The collapsed Silicon Valley Bank will not be the last...

FINANCE Tuesday, 14 March 2023 22:09

The Absurdity of Credit Suisse's Incentive Programs

Even in the biggest crisis, Credit Suisse is unable to say goodbye to its outdated incentive structures. In the view of finews.asia, a new start is urgently needed.

FINANCE Tuesday, 14 March 2023 17:14

Where Credit Suisse Outflows Really Stand

Statements by the bank's management on the outflow of client funds drew the attention of supervisory authorities. Now there is a new water level report from Credit Suisse on the sensitive topic.

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