Switzerland should launch an e-franc not as a means of levying negative interest rates but as an anonymous, efficient replacement for cash, Swiss professor Roger Wattenhofer told finews.tv in an interview.

The Liechtenstein-based bank is poaching a KMPG specialist in financial crime and compliance, who gained fintech and crypto experience including at the Swiss financial regulator.

DBS’ securities joint venture in China will officially commence business operations after receiving its license from the mainland regulator.

J.P. Morgan is seeking regulatory approval to obtain full ownership of its mainland Chinese securities joint venture.

The Wirecard scandal continues to unravel as authorities in the Philippines file criminal complaints against its former chief operating officers and others.

China’s crypto crackdown continues to ramp up as it banned several influential social media accounts focused on crypto-related content over the weekend.

Christian Meissner, who took over the Swiss lender's investment bank last month from Brian Chin following $4.7 billion in losses on Archegos, is appointing two executives as operating chiefs of the unit. 

The bank is deploying digital functionalities to keep clients stay engaged with relationship managers and investment advisors while travel is halted.

The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain «in country,» according to an announcement this week. 

The global investment manager of financial planning firm TIAA has inked partnerships to give APAC private wealth clients expanded access to its core global real estate platform. 

The bank's headquarters in Central will be open to all employees from Monday, as the fourth wave of Covid-19 infections ease in the territory.

U.S. President Joe Biden is continuing ex-President Donald Trump's tough stance against China with regards to its usage of the U.S. financial system. 

The bank has landed a permanent replacement for Peter Enns, its former co-head of advisory and investment banking and advisory.