Managers of Wealth Asia Pacific

ANZ confirms discussions with KKR

ANZ and KKR are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed.

KBank aims to boost access for unbanked

Challenger banks have been a disruptive phenomenon in many countries, 'challenging' legacy banks by using new technology to make banking products more accessible.

SCB X Weighs Options for $1.5 Billion Asset Management Unit

Shares in SCB X rose for the first time in six days on Monday, gaining as much as 3.3% in their biggest advance in more than a month.

MUFG to Sell Remaining Stake in Hong Kong Lender

Japan’s largest bank first cut its stake in the Hong Kong lender in 2019 and said at the time that it would continue to review its existing investments.

OCBC and StanChart completes 30-year Sora OIS, the second longest tenor in history

According to data from the Association of Banks in Singapore, the outstanding stock of Sora derivatives exceeded the outstanding stock of SOR derivatives for the first time in January this year.

Goldman Sachs Sees Kotak Mahindra Bank Doubling Market Value

Credit growth in India’s banking system has jumped to a three-year high as the economy shows signs of a revival.

Woori joins race to attract Citibank customer loan transfers

The credit line for the product is 300 million won per customer, according to Woori Bank.

NAB: Worker Shortages Spur Entry to Vietnam, India

NAB has acquired a Vietnam operation, buying out partner Positive Thinking for the Ho Chi Minh City technology center, and it is setting up Indian operations, the report said.

AMP Bank implements new verification and valuation technologies to streamline lending

Banking

Commercial Bank closes $750m Asian syndicated term loan facility

Commercial Bank is executing well on its strategic plan which is recognised by the market

Citi Completes Sale Of Australian Consumer Business To National Australia Bank

NAB was selected following an auction process to acquire Citi's Consumer Business, which includes credit cards, loans, retail banking, mortgages and wealth management solutions for high net worth individuals.

CBA offers eligible home loan customers free internet for three years

CBA and its partner More are offering conditionally pre-approved home loan customers access to a free nbn plan for three years, saving them over $2,700.

Deutsche Bank to install cash machines at PT Toyota Astra Financial Services branches in Indonesia

Deutsche Bank will implement cash deposit machines at TAF branches in Indonesia, which transmit real-time payment data to TAF, streamlining the highly manual collection process and improving cash flow forecasting.

China In-Focus: Beijing asks state-owned policy banks for $120bn for infrastructure projects

China will take the needed measures to prevent domestic firms from being blacklisted in the US.

MUFG to open first Japanese bank branch in Indian fintech zone

Lender looks to provide low-cost dollar financing from Gujarat site

Westpac to build new institutional banking platform

Leveraging 10x Banking’s latest contemporary and cloud-native core technology, Westpac’s institutional clients will benefit from a new market-leading digital experience

CBA’s Comyn seeks to fend off ‘attackers’ with digital loan push

CBA, seen as a technology leader in banking, on Tuesday laid out its strategy for maintaining its powerful position as the country’s biggest and most profitable financial institution in the face of growing competition from technology-based rivals.

Commonwealth Bank makes raft of new appointments

"These promotions speak to the incredible strength, talent and expertise of our team, and our continued and unwavering commitment to developing our people to become future leaders."

Japan’s Two Largest Banks Add Billion-Dollar Russia-Linked Provision

The Russia-Ukraine conflict and the subsequent Western sanctions continue to be a headline issue for global banks.

CBA reports third quarter cash profits of $2.4 billion as the economic momentum remains strong

Disciplined execution on the Group’s strategy including continued growth across CommBank’s core banking businesses and sound credit quality underpinned the latest quarterly performance.

Retail Banking