An agreement has been reached with The Royal Bank of Scotland in Hong Kong, in connection with the retail sale there of certain Lehman Brothers equity-linked notes during the period between July 2007 and May 2008, it was announced today.
Singapore’s financial services regulator reacted immediately on Monday evening to a downgrade of the city-state’s banking system by Moody’s, the ratings agency, to negative from stable.
Thomas Hugger, who had been a fund manager and a managing partner of Leopard Capital, has acquired Leopard Capital Management, Leopard Capital (Hong Kong), and the Leopard Asia Frontier Fund.
What began as an arguably unnecessary savings product sold to a 27-year-old kindergarten teacher last year has become a growing public relations nightmare for one of Hong Kong’s largest advisory firms, after the teacher’s boyfriend decided to get involved.
The Swiss National Bank has chosen Singapore as the location for its first overseas branch, and opened an office there earlier this week.
As part of its continued drive to flush out bad financial practice and boost the standard of advice and product provision in the Southeast Asian city, the Monetary Authority of Singapore (MAS) has reprimanded a Malaysian bank for allowing unauthorised employers to dispense financial advice.
Switzerland is losing ground to Singapore as an international finance centre, with new wealth centres including Dubai, Miami and Hong Kong also upping the competition, a new survey says.
The Monetary Authority of Singapore has called on the Association of Financial Advisers in Singapore to take the lead in coming up with initiatives to address problems identified in the industry.
From today, some forms of tax avoidance will be regarded as money laundering “predicate offences” in Singapore.
British and European expatriates in Singapore are foregoing long-term security as they opt for luxurious lifestyles now, according to a new survey by Standard Life International.
The number of licensed intermediary companies in Hong Kong reached a record high this year, according to figures from the local regulator’s annual review.
Moody's Investors Service has downgraded the outlook for Hong Kong's banking system to negative from stable, citing its "concerns regarding persistent negative real interest rates" and the institutions' "growing exposures to Mainland China".
