Reported by Noele Illien and Myriam Balezou (Summary featured below. To read full report, go to: https://www.bloomberg.com/news/articles/2026-03-25/switzerland-s-mbaer-merchant-bank-brought-down-by-iran-money-laundering-claims?embedded-checkout=true) The collapse of MBaer Merchant Bank AG has exposed how a small Swiss institution allegedly became entangled in a global money-laundering network linking Venezuela, Iran, and Russia. Founded in 2018 by former private-banking executives including Mike Baer and Paul‑Michel von […]

Reported by Tech in Asia (Excerpt shared below. To read full report, go to: https://www.techinasia.com/news/hsbc-weighs-20000-job-cuts-as-ai-reshapes-operations) HSBC is weighing deep job cuts over the next three to five years as CEO Georges Elhedery plans to use AI to shrink middle and back offices. People familiar with preliminary deliberations said the moves could affect about 20,000 roles or […]