OCBC's Indonesian subsidiary recently filed a report against the owner and president director of local cigarette giant Gudang Garam.
Credit Suisse’s wealth management unit saw around $220 billion of assets under management erased in 2022. finews.asia takes a closer look at the plunge.
To align interests, Michael Klein will receive equity in CS First Boston in the form of a convertible note.
Losses at Credit Suisse’s Asia Pacific financing group – a key unit for the one-bank model in the region – were a key contributor to lower profits in 2022.
Credit Suisse reported further client outflows in the fourth quarter and a massive loss for the year. It also cut its already meager dividend.
The investment management arm of CBRE has hired a senior director in Asia to focus on capital-raising efforts.
The defection toll at Credit Suisse gets higher and higher. Numerous veterans at the Swiss lender have found their way to Deutsche Bank which is on an aggressive hiring spree, including a new client partner in Southeast Asia.
Institutional investor demand for digital assets in Asia significantly outpaced most other regions, according to a BNY Mellon report, with expectations of increasing interest in the coming years.
A report, jointly produced by McKinsey & Company, Elevandi and the Monetary Authority of Singapore draws on insights shared at the ESG track of the recent Singapore Fintech Festival.
Inflation has peaked. This will bring central banks back to a more moderate interest rate policy. Against this backdrop, bonds offer higher returns than in more than a decade. But equities also have potential again after the massive corrections of 2022. In...
Bonus payments at Credit Suisse continue to be the subject of speculation. After reports of a halving of the bonus pool and reports of delayed staff reviews, some employees will get their bonuses via installments.
Vontobel's boutique Vescore strengthens its investment platform, Artificial Intelligence expertise, and deepens access to academic research.
In a year in which Vontobel saw its assets under management and profit decline sharply, its wealth management unit was a relative bright spot.
Deutsche Bank’s Stefanie Holtze-Jen noted that the German lender was positive on the China market early on in 2022 when others were calling the market uninvestable at the time.
Standard Chartered is the latest to join the camp of global banks that have turned down their appetite to take on risk from Adani-issued securities.
Zurich-based Vontobel saw a sharp decline in its assets under management and net profit in 2022, in a year that was characterized by unfavorable market conditions.
Prevalence of the unbanked, high digital adoption and other factors make Asia a prime home for the adoption of decentralized finance, Oliver Wyman partner James Gordon told finews.asia.
A new chairman and chief executive for Morgan Stanley’s Southeast Asia business have been unveiled.
Geneva-based wealth manager Pictet reported a decline in profits and client assets in 2022 in a challenging year for markets.
Credit Suisse is said to have postponed bonus talks for some of its bank employees which could add to unrest.
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