(BLOOMBERG) – Credit Suisse Group said it reached a settlement with its former wealth-management executive Iqbal Khan and a private detective firm, calling to a …
Keppel to book impairment loss of $318m in first-half due to KrisEnergy exposure
SINGAPORE (THE BUSINESS TIMES) – Keppel Corporation on Tuesday (June 8) said it will recognise a loss of $318 million in respect of its exposure …
Six Credit Suisse bankers exit as post-Archegos defections mount
NEW YORK (BLOOMBERG) – A half-dozen senior Credit Suisse Group bankers have left the firm in recent weeks, the latest in a raft of defections …
HSBC loses senior traders in New York as exodus continues
NEW YORK (BLOOMBERG) – A swathe of senior traders have left HSBC Holdings’ US business in recent months as the bank restructures its operations in …
Credit Suisse boosts Asia hiring to tap fast growing markets
HONG KONG (BLOOMBERG) – Credit Suisse Group has boosted its headcount by more than 100 across the Asia-Pacific this year as the Swiss lender seeks …
Credit Suisse had over US$20 billion exposure to Archegos investments: WSJ
NEW YORK (REUTERS) – Credit Suisse Group had more than US$20 billion (S$26.6 billion) of exposure to investments related to Archegos Capital Management and struggled …
Viet Capital Bank to issue JCB Corporate Credit Card
HO CHI MINH CITY & TOKYO, Apr 21, 2021 – (JCN Newswire via SEAPRWire.com) – Viet Capital Joint Stock Commercial Bank (Viet Capital Bank), and …
Credit Suisse tightens hedge fund limits amid Archegos fallout
ZURICH (BLOOMBERG) – Credit Suisse Group is tightening the financing terms it gives hedge funds and family offices, in a potential harbinger of new industry …
AEON Credit Proposes Final Dividend of 18 HK Cents for FY2020 amid Solid Fundamentals
HONG KONG, Apr 8, 2021 – (ACN Newswire via SEAPRWire.com) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) …
Credit Suisse CEO faces anger in the ranks after Archegos mess
NEW YORK (BLOOMBERG) – For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers. …
Credit Suisse investment bank, risk chiefs to depart after Archegos fiasco: Sources
NEW YORK (REUTERS, BLOOMBERG) – Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to …
Credit Suisse seeks to wind up Sanjeev Gupta’s commodity trading unit
LONDON (BLOOMBERG) – Credit Suisse Group is seeking to push one of Sanjeev Gupta’s key commodities-trading units into insolvency, presenting a new threat to his …
As Archegos losses are tallied up, regulatory scrutiny grows
ZURICH (REUTERS) – Wall Street counted the cost of the Archegos Capital meltdown on Tuesday (March 30), with pressure mounting on heavily exposed Credit Suisse …
TPBank to issue JCB Card in Vietnam
Hanoi & Tokyo, Mar 25, 2021 – (ACN Newswire via SEAPRWire.com) – Tien Phong Commercial Joint Stock Bank (TPBank) and JCB International Co., Ltd. – …
VCREDIT New Registered Users Growth Against Trend, First Payment Delinquency Ratio Reached the Best Historical Record
HONG KONG, Mar 25, 2021 – (ACN Newswire via SEAPRWire.com) – VCREDIT Holdings Limited (“VCREDIT” or the “Group”; stock code: 2003.HK), a leading independent online …
Sovereign rating cuts coming to those who ignore climate change
NEW YORK (BLOOMBERG) – A failure to cut pollution will cost governments around the world billions, according to University of Cambridge economists who used artificial …
Moss Platform Incorporates Tokenized Carbon Credits to Save the Planet
Sao Paulo, Brazil, Dec 18, 2020 – (ACN Newswire) – Moss, the largest environmental platform in the world, revolutionizes climate change combat efforts by tokenizing …
Credit Suisse shuts $2.67 billion insurance units after withdrawals
ZURICH (BLOOMBERG) – Credit Suisse Group is winding down two reinsurance vehicles with assets of about US$2 billion (S$2.67 billion) after key investors moved their …
Active SET debut sets Saksiam (SET: SAK) on robust growth course
BANGKOK, Dec 9, 2020 – (ACN Newswire) – Saksiam Leasing PCL (SET: SAK) made a trading debut on December 8 with an expected enthusiastic market …
FE Credit to issue JCB Card in Vietnam
HO CHI MINH & TOKYO, Nov 19, 2020 – (ACN Newswire) – VPBank Finance Company Limited (FE Credit) and JCB International Co., Ltd., the international …