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Morgan Stanley profit beats estimates on wealth business strength

MORGAN Stanley’s first-quarter profit fell as its mainstay investment banking business remained under pressure due to a prolonged slump in dealmaking.

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Julius Baer sees highest growth in Asia in wealth push

JULIUS Baer Group sees Asia as its fastest growing region, and expects to benefit from inflows after the merger of rivals UBS Group and Credit Suisse Group, according to its Asia-Pacific head.

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Fish startup set to join Indonesia’s growing list of unicorns

INDONESIA’S eFishery is in advanced talks for a funding round that would boost its valuation to US$1.2 billion, defying a tumultuous period for tech startups globally.

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Temasek-backed fish startup set to join Indonesia’s growing list of unicorns

INDONESIA’S eFishery is in advanced talks for a funding round that would boost its valuation to US$1.2 billion, defying a tumultuous period for tech startups globally.

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Credit Suisse accused of hindering probe into Nazi accounts

CREDIT Suisse Group was accused by US lawmakers of impeding an investigation into its historical assistance to Nazis that had revealed a number of previously undisclosed accounts, almost a quarter century after the Swiss bank reached a settlement with victims of the Holocaust.

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Stricken Credit Suisse brings forward quarterly results

CREDIT Suisse announced on Tuesday (Apr 18) it was bringing forward the release of its quarterly results to come out the day before those of UBS, which is taking over the stricken Swiss bank.

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140 billion yen sale marks first major bank’s AT1 bond offer since Credit Suisse wipeout

SUMITOMO Mitsui Financial Group (SMFG) sold yen Additional Tier 1 (AT1) bonds, becoming the first major global bank to issue such debt since the collapse of Credit Suisse Group last month.

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Banks betting on Paris say there really is life after London

FOR decades London was the main nexus of European finance, melding continental money with transatlantic ideas of what to do with it. But two years after Brexit became a reality, there’s been a clear shift across the Channel.

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Kim Kardashian hires Wall Street talent to bulk up buyout firm

KIM Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management.

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Apple’s 4.15% savings account marks golden age of cash

AFTER years of low rates, high-yield savings accounts are having a moment.

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