• Sat
  • Aug 30, 2014
  • Updated: 4:19pm


Pick me (and only me), Alibaba and JD.com told banks

Top investment banks have been forced to choose between two important clients - bitter rivals Alibaba and JD.com the mainland's largest e-commerce firms.

Both companies are planning to list in New York.

Friday, 21 March, 2014, 12:27am 2 comments

UBS helped set up offshore firm for wife, daughter of corrupt railways official, database shows

Swiss bank UBS is at the centre of embarrassing revelations that it helped to set up a secretive offshore firm for the wife and daughter of a former senior Chinese official who has since been convicted of corruption.

18 Feb 2014 - 2:20am 3 comments

Tianhe Chemicals IPO follows boss' daughter to UBS

Mary had a little lamb, Joyce Wei has an IPO. Wherever the daughter of Tianhe Chemicals chairman Wei Qi goes, follows the potential US$1 billion IPO deal.

First, it was JP Morgan Chase that was supposed to be working on the initial public offering of the Liaoning-based company. Joyce Wei was then working as an investment banking associate there.

22 Jan 2014 - 4:37pm 9 comments

Top UBS banker Zhao Ju takes sabbatical for Harvard politics course

Zhao Ju, currently China Co-head for UBS, will take a sabbatical of up to 12 months from the end of this year when he will become a visiting fellow in the class of 2014 in the prestigious John F. Kennedy School of Government at the famous university in the United States, according to two sources close to Zhao.

23 Oct 2013 - 3:26am 6 comments

Italy arrests ex-UBS executive Raoul Weil over US tax case

A former top executive at Swiss banking giant UBS wanted in the United States for allegedly helping wealthy Americans hide US$20 billion in taxes has been arrested in Italy, police said.

22 Oct 2013 - 6:38am

UBS plans to double invested assets of Asian clients over five years

UBS, Switzerland's biggest bank, plans to double invested assets of clients in Asia over the next five years even as it cuts 10,000 jobs and restructures its investment banking business globally, says chief executive Sergio Ermotti.

14 Oct 2013 - 4:31am

Banks will not end connected hiring

Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.

16 Sep 2013 - 7:12am

UBS agrees US$885m deal for subprime lawsuit

UBS, Switzerland's largest bank, has agreed to pay US$885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing bubble, a US regulator said.

27 Jul 2013 - 5:05am

Son-in-law of Chinese vice-premier sets up Hong Kong fund

Vice-Premier Wang Yang's son-in-law recently launched a Hong Kong-based hedge fund focused on mainland equities, joining a growing number of young family members of top officials who have set up asset management businesses in the city.

18 Jul 2013 - 8:39am 6 comments

UK prosecutor promises hefty evidence in first Libor fixing case

British prosecutors say they have extensive evidence against former trader Tom Hayes, the first suspect to come to court following a global investigation into the suspected rigging of interbank lending rates.

5 Jul 2013 - 10:47am