Banking
UBS to acquire Credit Suisse’s Japan wealth management business in JV deal
The transaction is expected to be completed by the end of June 2024
Julius Baer International gains CISI chartered firm status
Criteria for achieving this status includes at least 50% of staff in their core area must be individually chartered with CISI
HSBC buys India-based investment manager for $425m
As part of its strategy to become ‘a leading wealth manager in Asia’
Cheque fraud crackdown could cause problems for NRIs
Information must be submitted before it is encashed
NRIs need to approve recurring payments in battle against fraud
They will have to send their banks in India advance notifications or face having transactions cancelled