However, pre-tax income was lower this year due to lower levels of market activity.
Tag: Credit Suisse
Swiss PBs see risk in trips to China
The detention of a UBS Wealth Management staffer from Singapore has rocked the private banking community and resulted in some bans on travel to the mainland, reports say.
Asian family-run businesses shine
Amid pan-regional success, the past decade has seen Chinese family-owned corporates record a 15% average out-performance versus non-family-owned peers domestically, says Credit Suisse.
The FSA Spy market buzz – 06 July 2018
Pinebridge hires, so does Julius Baer; St James’s Place loses; Property in Singapore; Who wants the job?; Staggering stock market statistics; Poor financial advice; advertising and much more.
Credit Suisse to pay $47m to end Asia hiring probe
Credit Suisse has agreed to pay a penalty of $47m to the US Department of Justice (DOJ) to end an investigation into whether it hired employees in Asia in return for investment banking business and regulatory green lights.
In case you missed it (04 May 2018)
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
Credit Suisse targets Philippines’ growing wealth
Credit Suisse is targeting the Philippines’ wealth management industry with the establishment of a representative office in the country, according to statement from the firm.
The FSA Spy market buzz – 20 April 2018
Change at Permal, addition at Aberdeen Standard, Lazard loses, Credit Suisse relocates, St James’s Place pinches, Hydras of finance, Discretionary growth, UN PRI and much more…
Credit Suisse Asia hiring investigated
Swiss banking giant Credit Suisse is being investigated by the US government for its hiring practices in Asia-Pacific.
HK SFC fines Credit Suisse
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
