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Rethinking Banking Regulations: The SBA Takes a Stand Amid the fallout from the Credit Suisse crisis, the Swiss Bankers Association (SBA) has raised its voice against the Federal Council’s aggressive plans to overhaul capital requirements for foreign…
Tighter government COVID-19 restrictions from Saturday already prompted UBS and other banks to re-impose workplace limits. The Hong Kong government yesterday announced a raft of new COVID-19 restrictions yesterday following a number of untraceable Omnicron…
Top executives of financial firms in Hong Kong will be granted exemptions from quarantine in the city, according to the local regulator, giving the sector a first-mover advantage to reopening. Hong Kong authorities launched new rules, effective as of last…
UBS is halting international travel for its staff, asking its employees to postpone meetings or opt for remote ones. The move comes in response to COVID-19. The Swiss bank on Wednesday told its more than 60,000-strong staff to stop traveling for meetings, a…
The investment bank of UBS didn’t deliver as much as the bank had hoped it would in 2019. The heads of the unit have reacted to the underperformance by setting new hiring targets. UBS wants to sign experienced staff to boost its investment bank in the U.S.,…
HSBC Private Bank stayed on course with its hiring plan in Asia, having boosted regional headcount by 300 bankers in one year already. The bank announced last year it would add 700 people to the private bank in Asia by 2022 from a headcount of 1,100 as of…
UOB Indonesia and Bandung Institute of Technology (ITB) have joined forces to educate bankers with small and medium-sized enterprises (SMEs), a banker from UOB Indonesia has said. “A lot of these SMEs don’t have the right networks for distributors and…
