Friday, 22 November 2024

FINANCE Tuesday, 14 March 2023 16:10

Credit Suisse Auditor Sounded Alarm on Misstatement Risk

Credit Suisse releases its full-year financial figures following a delay prompted by a notice from the SEC. It still has homework to do.

FINANCE Tuesday, 14 March 2023 16:09

No Bonuses for Credit Suisse Executive Board

There will no bonuses for Credit Suisse's executive board this year. At the same time, the bonus pool for employees is cut in half.

FINANCE Tuesday, 14 March 2023 15:09

Geopolitics Drive Taiwan Families to Singapore

Singapore continues to lure wealthy families from various markets, including Taiwan due to rising geopolitical tensions.

FINANCE Tuesday, 14 March 2023 14:45

Goldwater Launches One-Stop Wealth Service

Hong Kong-based Goldwater International has launched a one-stop wealth management service to target high net worth individuals.

FINANCE Tuesday, 14 March 2023 14:29

How Low Can Credit Suisse Shares Go? It Depends...

Market specialists refrain from setting downward limits on the bank's market valuation as its shares go from one record low to another.

PEOPLE Tuesday, 14 March 2023 11:40

Credit Suisse Nets Ex-Julius Baer NRI Banker

Credit Suisse strengthens its coverage of the non-resident India market with the hire of a former Julius Baer banker, finews.asia has learned.

FINANCE Tuesday, 14 March 2023 11:39

Credit Suisse Lives in Some Parallel Universe

Tripping over what seems like a relatively minor restatement shows an inability to prioritize or assess risks accurately, finews.asia editor Andrew Isbester writes in a comment.

PEOPLE Tuesday, 14 March 2023 11:25

Endowus Hires Former Family Office CIO

Singapore-based digital wealth platform Endowus has hired a former family office investment strategist to join the firm.

FINANCE Tuesday, 14 March 2023 09:58

MAS Flags Risk from US Bank Closures

The Monetary Authority of Singapore has issued a statement about the city-state’s financial health in light of the recent closure of Silicon Valley Bank and others US lenders.

PEOPLE Tuesday, 14 March 2023 09:07

The Swiss Face of China Construction Bank Moves On

The operational head and CFO of China Construction Bank's Swiss branch has left. The Swiss industry veteran was a co-architect of the Chinese institution's arrival on the local financial scene.

FINANCE Tuesday, 14 March 2023 01:43

Bank Crises and the Uncanny Power of the Twitterati

After Credit Suisse fell victim to a social media storm last fall, a new one is brewing which is now generating chatter about another Lehman moment. Industry and regulators alike appear powerless to stop it.

FINANCE Monday, 13 March 2023 17:24

Korea's Financial Regulator Slaps UBS With Hefty Fine

Korea's financial regulator has fined UBS for allegedly violating short-selling rules. Other financial firms are under investigation.

FINANCE Monday, 13 March 2023 17:23

Credit Suisse Chairman Gets a Regulatory Reprieve

Comments made in December by Credit Suisse's Chairman that client outflows had stopped drew the attention of the Swiss financial regulator. It has issued its decision. 

FINANCE Monday, 13 March 2023 17:19

HSBC Acquires SVB’s UK Unit

Following a weekend auction, HSBC has emerged as the buyer of Silicon Valley Bank’s UK arm.

PEOPLE Monday, 13 March 2023 16:46

Ex-Asia Private Banker Named CEO of Azqore

A former private banker in Asia has been appointed as the head of Indosuez subsidiary and digital service provider Azqore.

FINANCE Monday, 13 March 2023 14:31

SVB Crash Hits Hong Kong-Listed Biotech Firm

A Hong Kong-listed biotech firm has been hit by the Silicon Valley Bank collapse and the local regulator is keeping a close watch on ongoing developments.

FINANCE Monday, 13 March 2023 11:51

Michael Marr: «There is Hunger for Private Equity in Australia»

Credit Suisse’s Australia wealth business delivered higher revenue in 2022, its head Michael Marr told finews.asia, driven in part by strong demand for alternatives. 

FINANCE Monday, 13 March 2023 11:29

Joerg Ruetschi: «Open Finance as an Innovation for the Industry»

Fintech entrants have disrupted the incumbents’ traditional models but struggle to attract profitable customers and manage the regulatory complexity effectively. Both sides need to work together to make the change and growth agenda a reality, Joerg Ruetschi...

FINANCE Monday, 13 March 2023 10:13

SVB Collapse Sends Ripples to Asia

Asia is casting a watchful eye over the fallout from California-based Silicon Valley Bank’s collapse, including in China where the tech-focused lender has a joint venture. 

PEOPLE Monday, 13 March 2023 09:28

Credit Suisse Compliance Head Exits

The brain drain continues at Switzerland’s troubled bank. Now a senior compliance manager, who has been with the bank for over 17 years is also headed for the door.

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