Owen Walker

Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption

Rising rates have boosted profits and policymakers want banks that can compete with US rivals. But many obstacles remain

Hong Kong and Singapore are the world’s rising wealth centres

Dutchman to become external senior adviser to Arta Finance venture founded by former Google employees

Eraj Shirvani exits Swiss financial services company as it chases $2.3bn of debts still outstanding

Legal battle over how UK-based bank pays its dividend

Sales include stakes in Commerzbank, NatWest, ABN Amro and Monte dei Paschi di Siena

Record interest rates have sent a chill through the market

Investors who lost tens of millions of dollars with the collapse of Greensill Capital have written to the Luxembourg financial regulator challenging an offer of redress from UBS that the Swiss bank hoped would draw a line under the scandal. The investors claim they have been denied access to crucial documents relating to funds they invested in, which were domiciled in Luxembourg. They argue that without seeing the funds’ internal rules they are unable to accept the terms of the UBS offer, which…

UBS staff at a company-wide meeting last month were taken aback by the criticism levelled against Switzerland’s establishment by chief executive Sergio Ermotti and chair Colm Kelleher. “They were quite ballsy,” recalled one attendee based outside Switzerland. “The tone was that UBS stepped in to save Credit Suisse last year but now we are being punished.” Other staff said Ermotti had argued that UBS should not be made to pay the price for Credit Suisse’s failure, which was an “embarrassment fo…