Client

TSMC cuts off client after discovering chips diverted to Huawei
TSMC cuts off client after discovering chips diverted to Huawei
October 23, 2024
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei Technologies, a potential violation of US sanctions intended to...
UOB Vietnam seeks faster client growth from Greater China
UOB Vietnam seeks faster client growth from Greater China
September 6, 2024
[HO CHI MINH CITY] UOB Vietnam is expecting accelerated growth from Greater China clients and increasing interest from US businesses, as Vietnam emerges as a key beneficiary of the...
PwC loses major client Bank of China amid regulatory probe
PwC loses major client Bank of China amid regulatory probe
August 20, 2024
AUDITOR PwC has lost its largest mainland China-listed client, Bank of China (BOC), to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work...
UBS profit beats estimates as client inflows hit US billion
UBS profit beats estimates as client inflows hit US$27 billion
August 14, 2024
UBS Group posted higher than expected profit in the second quarter, buttressing chief executive officer Sergio Ermotti’s efforts to return capital to shareholders and finalise the integration of Credit...
Taiwan’s Cathay United Bank follows client money to Singapore
Taiwan’s Cathay United Bank follows client money to Singapore
June 19, 2024
CATHAY Financial Holding, Taiwan’s largest financial firm by assets, is hiring more staff in Singapore to follow shifting regional money flows as its clients expand their presence in South-east...
Japan watchdog recommends action on MUFG units over sharing of client data
Japan watchdog recommends action on MUFG units over sharing of client data
June 14, 2024
JAPAN’S securities watchdog recommended on Friday (Jun 14) that the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) be penalised for what it said was unauthorised sharing...
OpenAI pauses ChatGPT voice that sounds like Scarlett Johansson
May 20, 2024
When OpenAI debuted its new voice assistant technology this month, it immediately drew comparisons to the 2013 Spike Jonze sci-fi film “Her.”As it turns out, the likeness may have...
Former Lawyer Jailed Four Years In Jail for Duping Client and Using Over S7K on Personal Expenses
Former Lawyer Jailed Four Years In Jail for Duping Client and Using Over S$527K on Personal Expenses
May 3, 2024
A former lawyer, who siphoned around S$527,000 (US$386,900) from a client, was sentenced to four years and four months' jail with effect from Jun 18, 2024, on Friday, May...
Actively managed funds ‘bleed’ client cash in ESG upheaval
Actively managed funds ‘bleed’ client cash in ESG upheaval
May 1, 2024
A LONG-HELD truism of ESG (environmental, social and governance) is being challenged, namely the idea that the strategy is best-suited to active fund management.For 11 of the past 12...
HSBC says growing Chinese wealth fuels client investments in US
HSBC says growing Chinese wealth fuels client investments in US
April 24, 2024
HSBC’s wealthy clients in China and Hong Kong are still eager to invest in the US, according to Michael Roberts, the bank’s CEO for the USA and Americas. China’s economic...