The asset management unit of UBS has launched its first-ever tokenized investment fund. UBS Asset Management has launched the «UBS USD Money Market Investment Fund Token» – a money market fund built ...

China saw the number of billionaires fall once again, according to Hurun, amid an ongoing economic slowdown. A social media giant took the throne as the country’s richest individual. The number of US ...

Japan’s Mizuho has announced the appointment of a co-head of banking for Asia Pacific. Mizuho Bank has appointed Joris Dierckx as co-head of banking, APAC, according to a statement. In the role, he ...

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Following the announcement of HSBC’s latest restructuring, speculation has risen once again about whether the London-based bank may pursue a spinoff of its Asia business. Two years ago, top HSBC ...

The Swiss bank Maerki Baumann aims to leverage the growth in the Middle East by opening a branch in Abu Dhabi, focusing on blockchain technology. The Zurich-based private bank Maerki Baumann plans to ...

A family office specialist from Citi has joined Goldman Sachs in Singapore. Jonathan Gan has joined Goldman Sachs in Singapore as an executive director in the alternatives capital markets group, ...

BNP Paribas has been reportedly indicted by South Korean authorities over illegal short-selling. BNP Paribas has been indicted by South Korean prosecutors for allegedly violating short-selling rules, ...

Compared to previous times, banks increasingly view fintech companies more as collaborators rather than competitors, according to HSBC’s Luanne Lim. In the new era of financial services, there is ...

The economic working group between the two countries meets during the IMF-World Bank annual meeting and exchanges pleasantries as the Harris-Trump vote looms. This year, the IMF-World Bank annual ...

The chief executive of Zurich-based UBS shared his latest forecast of when the Swiss banking giant will complete the migration of clients from the now-defunct Credit Suisse. The migration of clients ...

Chatbots are increasingly being utilized by financial institutions. But the path to full adoption is filled with numerous challenges, according to industry leaders. The adoption and exploration of ...