Wealth management is one of the major growth drivers for HSBC. In the second quarter, it recorded asset growth driven in part by hundreds of thousands of fresh clients in Hong Kong.

Hong Kong’s de facto central bank is reportedly cutting costs and freezing hiring amid a weak economy in the city.

In an effort to capitalize on the wealth boom in the Middle East, Citi will look to accelerate its recruitment efforts in the region. Citi is aiming to recruit private bankers in the Middle East, ...

Hong Kong's banking regulator has taken disciplinary action against three lenders over deficient anti-money laundering controls.

The private banking unit of HSBC has been on a hiring spree with a focus on Southeast Asia and international markets.

Munich-based Allianz has announced the establishment of a new India joint venture shortly after selling its stake in a separate one earlier this year.

Two of Singapore’s premier wealth firms are joining forces in a strategic merger set to reshape the landscape for high-net-worth families across Asia, as finews.asia has learned. The combination will ...

In a bold first for Singapore’s banking sector, OCBC has joined forces with NUS, NTU, and SMU to accelerate quantum technology research. The landmark collaboration aims to unlock quantum’s ...

Hong Kong's asset and wealth management industry recorded growth in 2024, backed in part by a surge in net fund inflows.

Historically, gold has risen as the dollar weakened but as of late, the yellow metal has climbed regardless of the greenback’s movement. According to DBS’ Hou Wey Foo, this is driven by demand from ...

Singapore may boast of being a global fintech powerhouse, but a new report reveals a troubling paradox at the heart of its SME economy. Despite the nation's digital prowess, small fintechs are being ...

The investment banking arm of Paris-based Natixis has hired two executives to oversee energy transition and healthcare in the region.