10/31/2018
Bad loans come good as ANZ posts the weak result that most anticipated
The positive aspect to ANZ’s profit is that shareholders didn’t feel the pain as dividends were retained and the share buyback remains on track.
Comment, Analysis & Research
10/30/2018
Islamic banks slow to adopt tech, start-ups drove innovation in Shariah-compliant finance in 2017: study
The study also said there is still "substantial" white space for the Islamic finance industry to develop, in particular through a closer alignment to the United Nation's Sustainable Development Goals (SDGs) and broadening access to private
10/30/2018
Syz: Founder's Son Back From Hong Kong
The Syz CEO emphasized that ultimately the bank will decide on succession, but both his sons have been given an opportunity to prove their worth.
10/30/2018
Australian Bank Earnings Expected to Be the Worst in a Decade
Australia & New Zealand Banking Group Ltd. and National Australia Bank Ltd. are expected to report their first declines in full-year cash profit since 2016
10/30/2018
Standard Chartered study reveals investment is the emerging affluent’s top strategy to increase their wealth
The socially mobile in the study have had impressive earnings growth, with over a third (35%) enjoying a salary increase of 10% or more in the past year, and more than a quarter (28%) seeing their earnings jump by 50% or more in the past five years.
10/30/2018
APAC asset growth outpaces rest of the world
In China, mainland fund managers had $1.1trn in AUM, while Hong Kong managers had $135bn.
10/30/2018
Analysts Upgrade HSBC Bank
Analysts have upgraded HSBC to £8.80 per share from £7.04. The bank is currently trading at £6.34 making it undervalued
10/29/2018
Regional banks now targeted to launder ‘dirty’ money overseas
Mixing ill-gotten proceeds with general transactions gives the appearance that everything is aboveboard.
10/29/2018
9 financial planning tips for millennials
While young adults do save for the future, many splurge their savings on short-term goals, a survey shows
10/29/2018
Why Gen Z former equity trader has plunged head first into cryptocurrency exchange
Andrew Wong left a high-flying job at investment bank job to become – at 27 – the youngest managing partner at digital currency platform
10/26/2018
Confidence in Dynamic Times in ASEAN
For 20 years, ASEAN (the Association of South East Asian Nations) has been a vibrant economic region offering diverse opportunities. Continually evolving, it facilitates economic integration amongst its 10 member states: Brunei, Cambodia, Indonesia, Laos,
10/26/2018
Global billionaire wealth soars 19% to record £6.8 trillion
Now in its fifth edition, the report draws on UBS and PWC’s extensive client network and access to data, and aims to promote a deeper understanding of the billionaire population globally.
10/26/2018
China is minting a billionaire every three days as tech boom unlocks 'stealth wealth'
The total number of billionaires reached 2,158 last year, up 9% from 2016, according to a new report from UBS and PwC.
10/26/2018
From the UK to Australia to Canada, Responsible Investment weeks highlight growing demand for more sustainable investing
The demand from individual investors is becoming an ever-greater driver of this growth, with more and more clients asking their banks, pension funds, investment managers and financial advisers to align their finances with their own personal values.
10/25/2018
Indonesia central bank stands pat on rates, sees slower third quarter growth
As predicted, the global economic growth projection has been downgraded, accompanied by a high global financial market uncertainty.
10/25/2018
Singapore is giving it another try to embrace Islamic finance growth
According to its creator, the new index is screening the companies against a clear set of Shariah principles to create a reliable and authoritative Shariah-compliant index for the Singapore market.
10/25/2018
Trade war, slowing economy and market rout wipe out billions from China’s 400 richest people on Forbes list
The median wealth of China’s 400 richest people shrank by US$300 million in 2018, compared with last year, according to Forbes
10/25/2018
Assistant Governor of Reserve Bank of Australia Sees No Use For Digital Currencies
However, she has pointed out that the central bank could use digital currencies in a very limited role.
10/25/2018
A banker's woe: Chinese wealth may get harder to snag for global bankers
The Swiss bank on Tuesday rescinded its travel guidance and said in a statement it was business as usual in China.
10/25/2018
9.4 million clients affected in massive Cathy Pacific hack
The Hong Kong-based carrier discovered suspicious activity on its network in March and confirmed the unauthorised access to some personal data in May, it said late on Wednesday.