Investment Banking
Citigroup fires eight traders in Hong Kong
An internal investigation found out that the traders misled clients.
Citigroup fires eight traders in Hong Kong
An internal investigation found out that the traders misled clients.
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Japanese players cash in on China's financial opening as US banks flounder
JPMorgan Chase is still stuck in application stage despite passing an application in May 2018.
JPMorgan mulls onshore wealth business in China
Banks execs earlier unveiled a plan to ramp up hiring in the country. Bloomberg reported that JPMorgan is considering launching a private bank in...
Weekly Global News Wrap Up: US investment banks trample European peers in market share; Standard Chartered to cut $700m in costs
And banks in Zimbabwe have started trading new currency.
Japanese investment banks lose out to global players in M&A spree
US heavyweights may be in a stronger position to advise on foreign targets.
Goldman Sachs Group CEO for APAC Ken Hitchner retires
He stayed with the firm for almost three decades.
Bank of Singapore and Edelweiss Group tie up to capture the Indian wealth opportunity
The partnership would provide clients of both entities to access to their respective product platforms.
Citi appoints Keith Tuffley as vice chairman for Australia and New Zealand
He will also serve as senior inernational adviser to the BCMA team.
China's crowded investment banking scene squeezes fees to five-year low
Average fees for equity deals fell to 3.9%.
UBS slashes bonus pool for Asian investment bankers by 8%
The ongoing equities rout and stiffer competition for deals hit compensation packages.
Nearly 30 Chinese banks are setting up asset and wealth management units
The move comes after looser rules on AM activities.
DBS wealth management fees to shrink 1.3% in Q4
The bank's high-net worth clients are turning cautious amidst the market rout.
UOB launches high street Wealth Banking branch
It aims to cater to the 476,000 emerging affluent customers in Singapore.
Singapore banks shun risky trading over stable fees and commissions
The share of trading and investment securities income shrunk to 36% in 2018 from 47% in 2009.
APAC's asset and wealth managers to hit US$29.6t in AUM by 2025
Shanghai is set to rise as an AWM hub along with Singapore and Hong Kong.
Morgan Stanley beefs up Asian wealth team
It will hire 50 RMs in Hong Kong and Singapore over the next three years.