Denise Wee

HSBC Holdings Plc’s senior executives are set to face its Hong Kong shareholders — from retirees to taxi drivers — as the lender seeks to fend off a push in Asia to split the bank.

Nomura Holdings Inc named Rudolf Hitsch head of north Asia for its international wealth management business as the Japanese bank builds out its operations that to cater to the rich in the region.

Hong Kong fell behind rival Singapore in a ranking of the world’s wealthiest cities.

Julius Baer Group Ltd. sees Asia as its fastest growing region, and expects to benefit from inflows after the merger of rivals UBS Group AG and Credit Suisse Group AG, according to its Asia-Pacific head.

An HSBC Holdings Plc shareholder in Hong Kong is lobbying institutional shareholders to vote in favor of a proposal to restructure the lender’s business at its annual general meeting on May 5.

A welcome sign is emerging in Hong Kong after three years of travel restrictions: lines of mainland Chinese tourists outside the city’s bank branches.

Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades.

HSBC Holdings Plc said it is targeting return on tangible equity for its Asia business that’s in the “mid teens,” amid pressure from its top shareholder to improve returns.

ZA Bank, a Hong Kong virtual lender, plans to introduce virtual asset trading services for retail investors, according to a statement from the lender.

UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger.