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Markets

Global banks on a hiring craze as they vie for rich Asians’ assets

HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
2 months ago

Global banks on a hiring craze as they vie for rich Asians’ assets

HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
2 months ago

Qatar National Bank continues to be largest bank in MEA: S&P

It is also the 100th biggest bank globally.
2 months ago

China injects $15.5b cash into the financial system to maintain liquidity: report

The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”
2 months ago

China’s digital currency fails to excite locals: report

Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.
2 months ago

Singapore's finance sector to create 6,500 jobs in 2021: regulator

Approximately 6,000 of these new jobs are permanent positions.
2 months ago

Alternative Benchmarks for the New Normal

 Latest Trends in LIBOR Transitions in Japan
2 months ago

Singapore, Thailand launch real time cross-border payments system

Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
2 months ago

HSBC stokes discontent amongst senior staff with pivot to Asia: report

Senior bankers reportedly expect friction with the regional chief, sources said.
3 months ago

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for $810m

It will become SZRCB’s largest shareholder upon the deal’s completion.
3 months ago

Citi APAC to add 1,100 relationship managers, private bankers for wealth arm

The bank expects AUM to expand by $150b under its Win-in-Wealth campaign.
3 months ago

Citi appoints co-heads of Citi Global Wealth in APAC

The bank saw record net new money inflows of $20b in the region last year.
3 months ago

MUFG appoints new head of ESG finance for APAC

In the newly created role, Colin Chen is expected to build the bank’s finance strategy in the region.
3 months ago

Japanese bank’s risk controls under test following Archegos fallout

After Nomura and MUFG, other banks are likely to announce losses related to the US investment firm.
3 months ago

Citi appoints Kartik Mani as the Head of Consumer Banking in Asia

He replaces Gonzalo Luchetti, who is the new head of consumer banking in the US.
3 months ago

MUFG's securities unit warns $270m in losses from unnamed US client: report

The losses will be reflected in the unit’s first quarter financial statement.
3 months ago

Japan's financial firms face activist climate votes as AGMs near

Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.
3 months ago