Payments, fintech and the money moves powering Asia's retail economy.
UBS was preparing a Credit Suisse takeover scenario months before it happened in March. A document filed with the US Securities and Exchange Commission (SEC) provides insight into the process. Just weeks before the takeover of Credit Suisse, the UBS board of…
SJC gold price rose 0.15% to VND67.25 million ($2,868.10) per tael Thursday morning. Gold ring price surged 0.53% to VND57.25 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices traded near record-high levels on Thursday, as U.S.…
A former executive of Credit Suisse is said to be joining the Singapore Stock Exchange. William Gulya, Credit Suisse’s former head of Asia Pacific equity distribution, will join the Singapore Stock Exchange (SGX) Group to serve as the head of the Americas,…
SJC gold price gained 0.07% to VND67.2 million ($2,863.23) per tael Thursday morning. Gold ring price went up 0.09% to VND56.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices rose on a softer dollar, while investors braced for a…
Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks. The index closed 6.51 points lower after losing 1.55 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion…
The merger of UBS and Credit Suisse is expected to result in a behemoth wealth and asset manager, drawing all eyes to the institutions’ first quarter results at the start of the week. During the first quarter we saw strong net new fee-generating asset and net…
Techcombank’s real estate loan portfolio might be big but most are personal loans or to develop projects that do not face legal issues, its chairman, Ho Hung Anh, said. At the lender’s annual general meeting on April 22 he said since the property developments…
Military Commercial Joint Stock Bank Laos branch (MB Laos) released a new banking application for individual customers in Vientiane, Laos, on Monday. Several Laotian government officials and representatives of the State Bank of Laos and MB attended the app…
Switzerland was early to adopt a regulatory framework for digital assets. Now Europe has approved an EU-wide crypto rulebook. The European Parliament is adopting the Markets in Cryptoassets (MiCA) regulation, scheduled to come into force from mid 2024…
Instead of raising new capital to fund its takeover of Credit Suisse by issuing new shares, UBS will repurpose some of those it obtained as part of a repurchase program. In March of last year, UBS launched a $6 billion stock buyback program, scheduled to run…
Starting today, you can open an Apple Card Savings account with an annual percentage yield (APY) of 4.15%. We have been hearing rumors about this Apple Card Savings account recently, but now it’s finally official in a blog post on the Apple Newsroom. The main…
SJC gold price gained 0.15% to VND67.1 million ($2,857.39) per tael Monday afternoon. Gold ring price rose 0.18% to VND56.65 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold rose on Monday as the dollar eased slightly. Still, prices…
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the U.S. Federal Reserve will soon end its aggressive monetary tightening campaign. Bitcoin peaked…
Sixteen potential buyers have registered to purchase a combined 213 million shares of PGBank, almost twice the number its biggest shareholder is selling. The buyers, comprised of nine individuals and seven domestic organizations, have signed up to participate…
More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new…
VPBank expects a pre-tax profit of VND24 trillion ($1.02 billion) this year, exceeding the $1 billion milestone for the first time since its establishment. The news comes after the bank announced the sale of a 15% stake to a Japanese financial giant. The…
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Read by retail operators, investors and brand teams across Asia.