Payments, fintech and the money moves powering Asia's retail economy.
The MAS indicates it will continue to tighten policy to slow inflation and ensure price stability in the medium term. The Monetary Authority of Singapore (MAS) indicated in a statement published on its website Thursday that it believes it is «prudent» to take…
Many Swiss retail banks want to move part of their IT to the cloud but certain practicalities are holding them back. After big banks have discovered the benefits of using the data cloud, smaller and medium-sized retail banks are starting to get to grips with…
Swiss bank says current wealth management co-head Tom Naratil will retire, with Naureen Hassan succeeding him in the Americas. Switzerland’s largest lender announced overnight in a statement that Iqbal Khan will become the sole president of the flagship…
The Swiss bank could be considering ending the co-management of its global wealth unit as it places its potential leader into position for the future. UBS is currently evaluating whether to promote Iqbal Khan as the sole head of the global wealth management…
The business of providing loans to small and medium firms is booming in Vietnam with the rise of several platforms offering more accessible credit than traditional banks. Bonbon shop, a platform that helps 35,000 grocery stores connect with over 24 major…
The Swiss bank has been accused of money laundering among other wrongdoings in a complaint by the Swiss NGO Public Eye. The Swiss NGO Public Eye has filed a criminal complaint against UBS with the Office of the Attorney General of Switzerland, as the newswire…
China unveiled tighter rules late on Thursday to better regulate its $1.3 trillion credit card industry, urging lenders to adopt a “prudent” growth strategy, and monitor risks more closely. Banks are also barred from using the number of cards issued or market…
Vietnam’s benchmark VN-Index rose 1.47 percent to 1,166.48 points Thursday but with plunging trade. The index closed nearly 17 points higher after losing almost 32 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.9 percent to…
Lender HSBC has raised its growth forecast for Vietnam from 6.6 percent to 6.9 percent thanks to the country’s broad-based recovery from two years of Covid-19 impacts. Fading Omicron risks and easing of restrictions have set the basis for Vietnam’s return to…
The private bank from Geneva and Lugano is expecting to return to profits in the first half of 2022 after its merger last year. Swiss private bank One Swiss Bank is expecting to post a profit and improved net income for the first half of 2022 compared with…
Globe Telecom has announced that it supports the digitalization plans of the Philippines’ new administration. One of the leading digital solutions providers, Globe stated that it is ready to collaborate with the government to provide its industry leading…
Asset management company Dragon Capital has bought 2.1 million shares of HCMC-based Sacombank, increasing its stake in the bank to 6.09 percent. On June 29, two affiliated funds, CTBC Vietnam Equity Fund and Norges Bank, bought 2.3 million shares of the…
Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at…
Vietnamese people are expecting good money from cryptocurrency Pi following developer’s promise of a mainnet launch on June 28. The system is making steady progress towards transiting to launch by around Pi2 Day – June 28, the development team announced on…
After just one and a half years in charge, UBS’s head of strategy is leaving and changing his career course. UBS strategy chief Christian Zeinler is stepping down from his post at Switzerland’s largest bank to become an entrepreneur. CEO Ralph Hamers…
UBS has put a great deal of effort into its compliance guidelines and action models. That accumulated legal knowledge is now being offered to third parties for the first time. UBS has compiled its financial market legislation and compliance knowledge in an…
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