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UBS unveils new West Kowloon hub to tap Greater Bay Area wealth

scmp.com

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UBS has drawn back the curtains on its new Hong Kong headquarters in West Kowloon, a 20-storey tower with a client floor built for meetings, dinners and events, as the Swiss lender anchors its regional presence to tap growing wealth across the Greater Bay Area. About 3,500 UBS staff, currently spread across five offices, including Two IFC in Central, are due…

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Nubank Secures Brazil Banking License to Save Its Iconic Name

The neobank, which also runs a crypto business, received approval to purchase Banco Porto Real de Investimentos S/A, becoming a licensed bank in Brazil. The development enables the company to maintain its name, as regulators pressured it to drop the bank moniker since it was not licensed as a bank in the country. Nubank Receives […]

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scmp.com

Strong office rental growth keeps US investors in Japan despite rate increases

Expectations that Japan’s interest rates could rise to as high as 2.25 per cent have not deterred the influx of US capital into the local real estate market due to healthy rental growth of offices in prime locations, with analysts saying that investors have simply become more selective within the market. The Bank of Japan implemented two 25-basis-point rate…

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