In the latest development in the 1MDB scandal, a US judge has ordered ex-Goldman banker Tim Leissner to forfeit millions of dollars in cash and shares as part of his guilty plea.
A 40-year wealth management veteran has been appointed as Credit Suisse’s vice chairman for Asia Pacific, finews.asia has learned.
The discourse challenging the existence of universal values has been the bedrock of authoritarian regimes, claiming economic efficiency in contrast to sluggish and arrogant democracies. But these values, often criticized as a particular expression of the Western...
After Thursday's drop, Credit Suisse's share price showed a slight recovery in Friday’s intraday trading. The realization is setting in that only a positive surprise can save the bank’s stock from falling further and that quick fixes will only aggravate the...
Singapore has significantly raised the threshold for ultra-wealthy individuals seeking permanent residency in the city-state either as business owners or investors.
Fidelity International launched its first-ever mutual fund in mainland China just months after regulatory approval to operate its onshore business.
Australian investment bank Macquarie is reportedly considering a takeover of British asset manager M&G.
Swiss pure-play Julius Baer is reportedly boosting its hiring efforts in Asia to capitalize on China’s reopening.
UBS has lost an appeal to throw out a lawsuit by an exiled Chinese businessman over an allegedly forced share sale by the Swiss bank’s London branch.
Binance is making another attempt at obtaining a crypto license in Singapore, this time through its rebranded custody unit.
Hubert Keller took on the top position at Lombard Odier at the beginning of the year. If he does his job well, no one will notice the change in leadership, the private bank’s senior managing partner told finews.asia in an interview.
Citi has launched a new commercial banking unit and appointed a head for the Asia Pacific region, finews.asia has learned.
Geneva-based Lombard-Odier's laser-like focus on advising and managing clients' assets has served it well over the years. That changed last year when the strategy turned against the private bank.
The Shenzhen and London stock exchanges have signed an agreement to further expand investment links between China and the UK.
Singapore-based multi-family office Farro Capital has reportedly attracted $1 billion in assets under management in a matter of months.
Some minority investors of HSBC are reportedly demanding a vote at the 2023 shareholder meeting on a decision about a spin-off of the Asian business as well as higher dividends.
Despite optimism from the bank about continued upside in Chinese equities, investor confidence and trust remains low, according to UBP, due to political uncertainty both locally and internationally.
A deal to sell Citi's consumer business in India to local private lender Axis Bank has been completed.
German asset manager DWS has announced the appointment of a chief executive for its Taiwan joint venture.
Indosuez Wealth Management has lost a private banker in Singapore who has left to pursue new opportunities at a rival lender, finews.asia has learned.
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