Engen Tham
Stories by Engen Tham
China’s CITIC Securities 2024 profit rises 10%, driven by investment gains
Chinese stocks registered their first annual gain last year following an unprecedented three-year decline.
HSBC cutting staff numbers by 900 at China Pinnacle unit
Pinnacle was launched in 2020 to sell insurance and fund products via a digital platform in China.
Eight years on, HSBC pulling back from China credit card business
The Asia-focused bank has stopped issuing new cards.
HSBC probes China Pinnacle wealth business on costs and control
The lender is looking at staff salary structures and probing whether suppliers inflated expenses.
HSBC to improve ties with HK unit Hang Seng Bank to mitigate risk
Hang Seng's top executives will be more closely involved in its parent's Asia-Pacific risk management discussions
UBS names South Korea, India among countries ‘slow’ to clear Credit Suisse deal
UBS has also identified Ireland and Saudi Arabia as "slow jurisdictions" in granting licences.
Credit Suisse to lay off more than 40 employees in China securities unit: report
The unit had 234 staff as of the end of last year.
Credit Suisse puts up China brokerage venture for sale
Citigroup had at one point shown interest in acquiring Credit Suisse Securities China.
Credit Suisse aborts China bank plan to avoid regulatory conflict under UBS
Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China.
China regulator probes banks’ property loan portfolio to assess systemic risks
CBIRC is understood to be probing whether credit decisions were made according to the rules
