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DTS Group and GMO have established a blockchain technology application and development center with the goal of promoting blockchain technology in Vietnam. The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated…
Nine-month interbank rate has climbed from 9.61% to 13% annually as of February 2, according to the central bank’s latest data. On February 2 banks borrowed VND225.7 trillion ($9.6 billion) from each other overnight at the rate of 6.26% per year, up 1.7%…
Capital Group sees new investment opportunities in fixed-income bonds and is entering into a partnership with the asset management division of UBS to that end. Fund manager Capital Group is entering into a partnership with the asset management division of…
British Bank Barclays is the latest private bank moving to Verbier to catch a crowd of international holidaymakers. Barclays Private bank is opening a temporary office in Verbier for the 2022/2023 ski season, it said in an emailed statement Wednesday. The new…
Only one private bond issuance was recorded in October, indicating that companies remain reluctant to mobilize cash using this channel after recent arrests of alleged fraudsters. Nui Phao Mining Company under the Masan Group was the only corporate bond issuer…
At UBS, the focus on wealth management was born out of necessity during the financial crisis. One global crisis later, that strategy is helping it leave global competitors behind. Lower profits, less money invested by clients money, and fewer bonuses for…
UBS is teaming up with a network of alternative investment firms in the US that manages more than $300 billion in institutional assets. The US National Association of Investment Companies (NAIC), the nation’s largest network of diversely owned alternative…
Sometimes seemingly mundane insights can help in the digital age, especially since most Swiss banks are «knotty colossi,» as Google Maps co-creator Samuel Widmann finds. Can banks learn something from the US tech giant Google? A seminar at the School of…
Digitalization in banking is placing new demands on telephone advice. UBS is restructuring its Swiss call centers under new management. UBS Switzerland is realigning its Swiss contact center (CCS), according to an internal letter to employees, as the bank…
UBS global wealth management has established a dedicated team to mass millionaires in the region and unveiled its ambition to double the number of clients in the segment for the Greater China market. UBS global wealth management has established a team…
Despite one of the most challenging investment environments in a decade, Switzerland’s largest bank managed to match its first-quarter profit performance in the second. UBS reported a net profit of $2.1 billion in the second quarter despite facing numerous…
Vietnam’s benchmark VN-Index dropped 1.56 percent to 1217.30 points Friday with trading value rising double-digit. The index closed 19 points lower after gaining nearly 23 points on Thursday. It has lost 67 points this week as global markets plunged due to…
The Swiss bank is launching its own video game to attract future tech talent. In an effort to attract future tech talent, Swiss bank Julius Baer is offering its own game on the video game platform Roblox where candidates can take the Be Baer Challenge in the…
Three ex-Wirecard bosses could face ten years in prison after prosecutors issue indictments, while one former executive is still on the run. In June 2020, German fintech Wirecard was forced to admit that there was a 1.9 billion euros ($2.2 billion) hole in…
Russia holds vast foreign exchange reserves, a large chunk of which are held offshore, having the potential to upend money markets. The country had international reserves totaling $630 billion at the end of January, consisting of $467 billion in foreign…
Swiss bank UBS is hiring a sustainable expert for its asset management arm. The experienced banker used to manage the investments of an Australian state. UBS asset management is appointing Lucy Thomas as head of sustainable investing, the bank said in an…
