Finews.asia

finews.asia, based in Singapore, stands out as the top news source for finance professionals across Asia. The website provides up-to-the-minute news related to the financial sector, including breaking updates, in-depth articles, industry changes, expert opinions, and the newest trends and individuals making waves in the field.

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Banks Face the Limits of Modern Risk Management

1 day ago | finews.asia | York Runne

Banks Face the Limits of Modern Risk ManagementFrom geopolitical shocks to shifting trade policies and tighter regulations, today’s risk managers in banking are navigating one of the most challenging landscapes in recent memory. When it comes to recognizing default risks in their own loan portfolios, there have certainly been easier times for banks than at present. According to a survey of risk managers, increasing threats are currently being seen in several areas.
Federal Supreme Court Puts Pressure in CS AT1 Case

1 day ago | finews.asia | York Runne

Federal Supreme Court Puts Pressure in CS AT1 CaseThe letter from the Federal Supreme Court to the Federal Administrative Court regarding the lawsuits against the write-down of Credit Suisse’s AT1 bonds is written in a particular tone. The highest court wants to know why there has been no «notable activity» to date. The Federal Supreme Court has given the Federal Administrative Court a deadline of July 27 to respond to supervisory notices submitted by plaintiffs.
CS Plaintiffs Achieve Stage Success

3 days ago | finews.asia | York Runne

CS Plaintiffs Achieve Stage SuccessThe lawsuits filed by former Credit Suisse shareholders are primarily concerned with the value of the shares held at the time. The Zurich Commercial Court has now reached a decision that UBS has long been resisting. Last week, the Commercial Court of Zurich ordered a court expert opinion to be obtained on the value of Credit Suisse (CS) as of 2023 March 19. The lawyer, Perica Grasarevic, wrote this in a post on Linkedin on Monday.
ABN Amro Fined Heavily Over Bonus Payments

5 days ago | finews.asia | York Runne

ABN Amro Fined Heavily Over Bonus PaymentsABN Amro has been fined 15 million euros by the Dutch central bank for awarding bonuses to senior executives, despite a 2012 ban on such payouts at state-owned banks. Regulators expressed particular concern that the bank resumed the practice despite prior warnings.
Hong Kong, Shanghai Sign Agreement to Deepen Links

1 week ago | finews.asia | Richard Otsuki

Hong Kong, Shanghai Sign Agreement to Deepen LinksTwo Chinese financial hubs will look to further financial linkages after signing the latest agreement at a major forum in the mainland. Hong Kong and Shanghai signed the «Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centers», according to a press release issued by the Hong Kong government.
J. Safra Sarasin Nets J.P. Morgan Trio in Hong Kong

1 week ago | finews.asia | Richard Otsuki

J. Safra Sarasin Nets J.P. Morgan Trio in Hong KongBasel-based J. Safra Sarasin has hired three wealth management veterans in Asia who previously worked at J.P. Morgan Private Bank. Bank J. Safra Sarasin has appointed May Hsu as chairman Asia, according to a statement. She succeeds longtime private banking veteran and former APAC chair of BNP Paribas Wealth Management Mignonne Cheng who has been promoted to executive chairman Asia.
DBS Inks MOU With Australian Trade Commission

1 week ago | finews.asia | Richard Otsuki

DBS Inks MOU With Australian Trade CommissionSingapore-based DBS has signed an agreement with a trade commission in Australia to deepen investment links as the bank celebrates a decade in Sydney.
UBS: Financial Markets Fuel American Wealth Dominance

1 week ago | finews.asia | Richard Otsuki

UBS: Financial Markets Fuel American Wealth DominanceThe Americas widened the wealth gap with other regions in 2024 after strong financial markets fuelled growth, according to a UBS report. Global wealth grew 4.6 percent in 2024, marking the second consecutive annual increase after rising 4.2 percent in 2023 but shrinking 3 percent in 2022, according to the 2025 edition of the UBS Global Wealth Report. A stable US dollar and buoyant financial markets were cited as major drivers.
Morgan Stanley Names Asia Revenue Target

1 week ago | finews.asia | Richard Otsuki

Morgan Stanley Names Asia Revenue TargetUS banking giant Morgan Stanley is reportedly seeking to up its revenue in Asia after a record performance in 2024. Morgan Stanley is aiming to generate $10 billion in Asia revenue within five years, according to a «Bloomberg» report citing regional CEO Gokul Laroia. In 2024, the American lender posted a record $7.64 in annual revenue in Asia.
WGC: Central Banks Make Record Gold Forecast

1 week ago | finews.asia | Richard Otsuki

WGC: Central Banks Make Record Gold ForecastA record number of central banks expect their gold reserves to grow in the coming year, according to a survey by the World Gold Council, while US dollar holdings are expected to shrink in the longer term. In a survey of central banks by the World Gold Council (WGC), nearly all respondents (95 percent) believe that global central bank gold reserves will increase over the next 12 months.