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UBS is set to transform its U.S. entity, UBS Bank USA, into a nationally chartered bank following approval from U.S. regulatory bodies. The announcement was made via LinkedIn by Rob Karofsky, President of UBS Americas. A Significant Milestone for UBS Karofsky…
Currently boasting around 10,000 corporate customers in Switzerland, Revolut Business is making a significant impact across the landscape of local enterprises. They cater to a diverse clientele ranging from solo entrepreneurs to established international…
HSBC Global Private Banking (GPB) has recently announced the appointment of Kapil Khanna as the new desk head for Australia, Japan, and International, effective July 14. Working from the financial hub of Singapore, Khanna will report to Abhishek Mehrotra, who…
Ingrid Johnson has been named the new president of Sun Life Asia, responsible for one of Sun Life’s strategic pillars encompassing life, health and wealth management businesses in eight Asian markets, including Vietnam. Johnson became the new President of Sun…
Shopify has seen customer data stolen by “rogue” employees, the e-commerce provider announced. Two members of Shopify’s support team were engaged in a scheme to obtain customer transactional records of certain merchants – less than 200, according to Shopify.…
The bank is rolling out video conferencing for its Jade customers and says it will extend the service to HSBC Premier customers in the next few weeks. Amid the Covid-19 outbreak, HSBC is hoping remote conferencing services will help the bank enhance…
Wealth management clients in Hong Kong and Singapore may have been overcharged, UBS said, adding that it is working with authorities and intends to reimburse affected customers. UBS claimed that it had identified and reported instances in which its global…
Alibaba Group has launched this year’s 618 Mid-year Shopping Festival from Taobao and Tmall, allowing brands and merchants to tap into China’s less-developed regions with 1.5 million new products and multiple promotions. This year’s festival aims to engage…
More and more mainlanders are using apps and websites to shop for pre-owned products. The popularity of shopping for pre-owned products online is on the rise in China, a trend being driven by a new consumer focus on sustainability and the rise of “recommerce”…
The fiber network unit Reliance Jio Infocomm is reportedly planning to raise around 270 billion rupees ($3.89 billion) in syndicated loans to help expand the newly created infrastructure business. Jio Digital Fiber plans to use the proceeds to expand its…
