BankingFeaturedGlobal banking crisis: Something catastrophic is comingIFM CorrespondentApril 6, 2023April 6, 2023 by IFM CorrespondentApril 6, 2023April 6, 2023 Credit Suisse’s profitability and the future of its investment banking section were under scrutiny... Read more
Business LeadersFeaturedUBS names former Morgan Stanley veteran as the new chairmanIFM CorrespondentNovember 23, 2021November 23, 2021 by IFM CorrespondentNovember 23, 2021November 23, 2021 Colm Kelleher will succeed Axel Weber as the new chairman... Read more
FeaturedWealth ManagementUBS to expand coverage in Oman and Kuwait with new wealth desk in DubaiIFM CorrespondentOctober 22, 2021 by IFM CorrespondentOctober 22, 2021 The new wealth desk will be headed by former Credit Suisse banker Georges El Khoury... Read more
FeaturedWealth ManagementUBS launches wealth management JV with Sumitomo Mitsui TrustInternational Finance Business DeskAugust 13, 2021 by International Finance Business DeskAugust 13, 2021 The new firm is called UBS SuMi TRUST Wealth Management... Read more
BankingFeaturedHong Kong financial watchdog fines UBS $11.55 mn for regulatory breachesInternational Finance Business DeskAugust 5, 2021 by International Finance Business DeskAugust 5, 2021 UBS is being fined for its failure to disclose its financial interests in some Hong Kong listed companies... Read more
Business LeadersFeaturedCredit Suisse appoints new market leader in MalaysiaInternational Finance Business DeskJuly 5, 2021 by International Finance Business DeskJuly 5, 2021 The bank promoted Joyce Low to market leader Malaysia... Read more
CurrencyFeaturedEther soars past the $3000 mark to quadruple in value in 2021Pritam BordoloiMay 3, 2021 by Pritam BordoloiMay 3, 2021 Ether is now up about 300% on a year-to-date basis... Read more
FeaturedFinanceUBS to start venture capital fund to invest in fintechsPritam BordoloiMay 26, 2020May 26, 2020 by Pritam BordoloiMay 26, 2020May 26, 2020 UBS will invest between $10 mn and $20 mn of its own money... Read more
Asset ManagementFeaturedWealth managementMorgan Stanley aims to boost its wealth management staff strength in AsiaBharath KumarJanuary 22, 2020March 18, 2020 by Bharath KumarJanuary 22, 2020March 18, 2020 The US investment banking giant declared that it touched a milestone in profit last year, owing to its wealth business that contributes to over 50 percent of its earnings.... Read more
BankingUBS to cut 500 jobs equal to 2% of global wealth workforceBharath KumarJanuary 8, 2020 by Bharath KumarJanuary 8, 2020 UBS’ decision is aimed at reviving its business and strengthening regional units... Read more