Hong Kong’s bitcoin entrepreneurs say they have been forced to open bank accounts overseas to operate their businesses, after local banks froze or closed their accounts.
Matthew Westerman, the high-profile dealmaker brought in to overhaul HSBC Holdings Plc’s investment banking arm, is departing less than two years after he was recruited from Goldman Sachs Group Inc.
Before HKMA’s fintech initiatives were announced, there was concern that Hong Kong might be falling behind.
Tribunal rejects HSBC’s appeal of 2015 SFC sanction, but lowers fine to HK$400m from HK$605m.
OCBC has recruited a new senior strategist from Standard Chartered as banks in Singapore step up their hiring within tech-focused strategy teams.
More private bankers in Singapore and Hong Kong are succumbing to the lure of bumper pay rises at boutique banks, only to struggle to meet onerous revenue targets a year down the track.