GLOBAL asset managers setting up shop in China are grappling with rampant scams where online fraudsters dupe investors with juicy returns using their brands and logos, in a practice known in the market as “pig butchering”.
A CRYPTO fund manager overseeing US$400 million is looking to Swiss banks to help plug the gap created by the unravelling of a key payments network operated by ailing US lender Silvergate Capital.
CREDIT Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy clients in Asia, people with knowledge of the matter said, as the embattled private bank seeks to stem outflows and stop its bankers from leaving.
NATIONWIDE Building Society and HSBC Holdings toughened limits on retail customers’ access to cryptoassets in the last week, becoming the latest UK banks to impose curbs after industry scandals and regulatory warnings.
LESS than four months after the collapse of the FTX exchange, crypto companies are again finding themselves assessing exposure to an embattled partner and cutting ties preemptively to avoid contagion.
THE number of Americans filing new claims for unemployment fell again last week, pointing to sustained labour market strength that could keep the Federal Reserve raising interest rates.
LEBANON’S central bank is taking a page from a playbook it’s used before to try and douse the currency crisis raging in the country for three years with a plan to price dollar sales at a weaker level than its own official exchange rate.
ALIBABA Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said.
JULIUS Baer Group plans to ramp up hiring in Asia, after the reopening of China helped to restore client confidence in the region, according to the head of the Swiss private bank.
