HSBC to wind down investment banking in Europe, UK, and the Americas
HSBC Holdings will scale back its investment banking operations in Europe, the UK, and the Americas as part of CEO Georges Elhedery’s...
Feb 3
Singapore’s reinsurance market poised for growth in 2025
Singapore’s reinsurance market is set for strong growth in 2025 as the government seeks to solidify the country’s position as a leading...
Feb 3
Tech billionaires lose USD108bn in AI sell-off
The world’s 500 richest people lost a combined USD108bn on Jan 27 as a tech-led sell-off tied to Chinese AI developer DeepSeek sent...
Jan 31
Singapore businesses urged to stay resilient amid trade uncertainty
Singapore businesses must stay agile as trade uncertainties and cost pressures could impact growth in 2025, Deputy Prime Minister Gan Kim...
Jan 31
South Korea’s bank branches decline for sixth year amid digital shift
The number of bank branches in South Korea fell for the sixth consecutive year in 2024 as more customers opted for mobile and online...
Jan 31
Philippines on track to exit FATF gray list by February
The Philippines is on course to exit the Financial Action Task Force’s (FATF) gray list by next month, according to Bangko Sentral ng...
Jan 31
Singapore enters Year of the Snake with a strong economy
Singapore’s economy grew 4% in 2024, rebounding from 1.1% the previous year, with inflation easing and unemployment remaining low, Prime...
Jan 30
Hong Kong’s FSDC announces new committee appointments
The Financial Services Development Council (FSDC) has announced new appointments and reappointments to six advisory committees. The...
Jan 30
China tightens oversight of trust firms
China released guidelines to enhance supervision of trust companies, aiming to strengthen risk control in the sector, according to a...
Jan 30
Vietnam proposes fintech sandbox for financial centres
Vietnam’s Ministry of Planning and Investment (MPI) has proposed a regulatory sandbox for fintech activities under a draft resolution to...
Jan 30
Federated Hermes eyes HK for family office expansion
Federated Hermes, a New York-listed fund manager, is considering opening an office in Hong Kong as part of its expansion in family office...
Jan 29
Singapore’s AutoWealth secures backing from Chen Capital family office
Singapore-based robo-advisory platform AutoWealth has added Chen Capital, the family office of Razer founder Min-Liang Tan, as a...
Jan 29
Philippines central bank tightens cybersecurity rules for financial firms
The Bangko Sentral ng Pilipinas (BSP) is tightening rules on IT controls and account security for financial institutions to combat...
Jan 29
Thailand’s non-life insurance set for growth of 250%
Thailand’s non-life insurance market, currently valued at THB180bn, could grow 2.5 times to THB734bn, boosting the penetration rate to 6%...
Jan 29
Standard Chartered names new private markets head
Standard Chartered has appointed Khoo Kian Jin as head of private markets for South and Southeast Asia, strengthening the product...
Jan 28
South Korea’s top brokers see earnings surge
South Korea’s major brokerage houses are estimated to have posted a combined operating income of KRW5.66tr (USD3.94bn) in 2024, up from...
Jan 28
Thailand targets 3%-3.5% growth in 2025
Thailand’s economy is forecast to grow 3%-3.5% in 2025, supported by stimulus measures, foreign investment, and a projected 39 million...
Jan 28
Binance co-founder turns venture arm into a family office
Changpeng Zhao, known as “CZ”, is restructuring his business operations months after his release from prison. Zhao, whose net worth is...
Jan 28
China directs insurers to boost stock investments
China announced plans to direct large state-owned insurers and commercial insurance funds to increase investments in mainland-listed...
Jan 27
Investors in Asia urged to actively manage portfolios
Investors in Asia are urged to actively manage portfolios in 2025 as diverging trends in Chinese and Indian equities challenge index...
Jan 27
