Bank of Communications plans to invest up to a billion dollars to set up a wholly-owned subsidiary in Hong Kong. The new entity will focus exclusively on retail and private banking business.
Credit Suisse has launched Credit Suisse Invest, a new human-led, digitally-enabled advisory solution which combines the bank’s digital private banking technology platform, a retrocession free offering and a contextualized advisory process.
KUALA LUMPUR/ABU DHABI: Australia and New Zealand Banking Group is near a deal to sell its Malaysian banking stake to a pension fund and exit the Southeast Asian nation, sources familiar with the matter said, in a transaction that could be worth around $900 million.
NEW YORK (REUTERS) – HSBC Holdings Plc and UBS Group AG have each agreed to pay US$14 million (S$19 million) to settle private US litigation accusing them of rigging an interest rate benchmark used in the US$483 trillion derivatives market.
UBS has announced organisational changes to its wealth management and ultra-high net worth business in Asia. The moves follow the follow of high-profile private banker Ravi Raju from Deutsche Bank.
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country.
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