Tag: Banking

Retail Asia23/02/2024
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2min0
IT consulting firm Adnovum has joined forces with a Swiss artificial intelligence specialist. The partners want to use the technology of the future to transform the financial sector. Adnovum and Squirro have embarked upon a strategic partnership, as we learned in a press release on Wednesday. The aim of this cooperation? To use Squirro’s artificial intelligence […]

Retail Asia07/02/2024
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1min0
The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,570, up 0.16% from Tuesday. It fell 0.40% to VND24,850 on the black market. The greenback has increased by 0.61% against the dong since the beginning of the year. Globally the dollar remained under pressure on Wednesday after retreating from […]

Retail Asia11/12/2023
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3min0
Citi brought together about 100 leaders in the Vietnam technology landscape, including founders, management teams, and investors, to discuss how the new economy is shaping the future of Vietnam. The Vietnam Digital Leaders Summit 2023, hosted by Citi Commercial Bank (CCB) and Citi’s Investment Bank, featured keynote speeches and lively panel discussions covering various topics, […]

Retail Asia14/11/2023
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6min0
Vietcombank remained the biggest profit earner among lenders in the third quarter, a period in which half of all listed banks saw smaller profits following a race to lure deposits. Vietcombank made a profit of VND9 trillion (US$375 million) in the third quarter, up 20% year-on-year, followed by MB with VND7.3 trillion, and BIDV with […]

Retail Asia03/11/2023
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5min0
The dust has settled since Switzerland’s largest bank announced it would completely integrate all of Credit Suisse. The third quarter is likely to slip by far more quietly even though it still faces stiff challenges. The usual UBS earnings figures are expected to be in the spotlight on November 7. Revenues, inflows of new money, […]

Retail Asia11/10/2023
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2min0
SJC gold price dropped 0.07% to VND69.75 million (US$2,864.12) per tael on Tuesday morning. Gold ring price downed 0.08% to VND57.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices held near their highest levels in more than a week on Wednesday as comments from U.S. Federal Reserve officials suggested […]

Retail Asia05/10/2023
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1min0
Lender Eximbank has appointed Nguyen Hoang Hai as acting CEO for a year to replace Tran Tan Loc who resigned Monday. Hai, 45, who has worked for ABBank and EVN Finance, had become deputy CEO of Eximbank in early August. Loc remains a director. Also on Tuesday the bank dismissed another deputy CEO, Pham Quang […]

Retail Asia20/09/2023
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2min0
Citi aims to offer token services in the form of digital coins, to improve its cash management and trade finance operations. According to an emailed statement, Citi Treasury and Trade Solutions (TTS) has launched the creation and pilot of Citi Token Services. The US lender will offer tokenized deposits – effectively transferable digital coins that […]

Retail Asia18/09/2023
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2min0
Sacombank, a major creditor of Bamboo Airways, is seeking approval from economic regulators to invest in the local carrier.< Phan Dinh Tue, a Bamboo Airways board member, said at an unusual meeting on Friday that acombank is a credit institution supporting Bamboo Airways with capital. Hence, Sacombank is genuinely interested in the restructuring process of […]

Retail Asia18/09/2023
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1min0
The reorganization of UBS investment banking is proceeding. It’s eliminated some duplicate US staffing, but the big cutback is looming. According to a Bloomberg report, UBS has eliminated about a dozen investment banking jobs in the US in connection with the integration of Credit Suisse. The bank declined to comment to the news outlet on […]

Retail Asia15/09/2023
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7min0
The upcoming Formula 1 race in Singapore is the ultimate rendezvous for Asian high finance. This year things are different as a brazen money laundering scandal is dampening the mood. When employees of Credit Suisse in Singapore arrived at work on Monday, they found the Credit Suisse logo at the entrance to its headquarters on […]

Retail Asia14/09/2023
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5min0
After the takeover of Credit Suisse, cooperative banks reluctantly found themselves thrust into Swiss banking’s number two role. In a business dominated by major banks, Raiffeisen has ambitions. In a recent interview, Heinz Huber said the Raiffeisen Group has no interest in becoming an international player like UBS and Credit Suisse. We don’t want to be […]

Retail Asia12/09/2023
1min0
Swiss bank UBS is cutting wealth jobs in Asia following muted client activities and the slowing economy in China. Over the past months, UBS has reduced some overlapping roles in the wealth business in Asia, after the completion of Credit Suisse’s takeover. The roles include relationship managers in Hong Kong and Singapore, mostly from Credit […]

Retail Asia05/09/2023
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7min0
The share price of Switzerland’s largest bank seems to know only one direction right now – and that is up. If nothing else, shareholders benefit from the Credit Suisse takeover while everyone else looks on. Sergio Ermotti doesn’t have any time for nostalgia. At least that is what he said extremely clearly at the news conference this past Thursday […]


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