Managers of Wealth Asia Pacific

UOB says keen to review Citi assets; Q1 profit up 18% on record fees, smaller impairment

We are always open to acquisition opportunities.

Citi's Australia retail unit draws interest from major local banks

The US lender said last month that it would exit retail banking in 13 markets across the Asia-Pacific region, Europe and the Middle East as new chief executive Jane Fraser undertakes a wider strategy refresh.

Spotlight on NAB half year results

“Here in Australia, the economy has returned to pre-pandemic levels and we are expecting GDP growth of 3.7 per cent this calendar year,”

Huarong: ICBC to the Rescue

ICBC’s reported loan follows previous reports of assurances from the regulator of the payment due on April 27 and a deep credit rating cut by Fitch.

Citi retail units seen fetching $6bn as sales kick off

Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam

Viet Capital Bank to issue JCB Corporate Credit Card

Viet Capital Bank becomes the first Vietnamese bank to issue JCB Corporate Credit Card.

BRI Wins 2021 Syndicated Financial Institution Deal of the Year by APLMA

The APLMA is a professional institution with members from financial and non-financial institutions in Asia Pacific that actively participate in the loan market.

Citi to exit consumer banking in Australia

"As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth,"

HSBC Shifts Top Execs to Hong Kong

The bank is undergoing restructuring to further focus its resources on growth opportunities in the region.

Bad debt of China's banks mounts by 22 pc

The nonperforming debt stems mainly from the manufacturing, wholesale, retail and service sectors

Citi Asia Pacific Wins Best Bank and Digital Bank of the Year from The Asset Magazine

These awards represent exceptional recognition of our team's focus on delivering solutions across Asia Pacific through a time of challenge.

Australians choose to shop local and smart

New research from CommBank Rewards shows more than eight in ten Australians intend to shop locally in future.

Philippine local currency bond market grows almost 30% in 2020, ADB says

The Philippines’ government introduced 1.3 trillion pesos of stimulus to stem economic fallout from the pandemic.

CBA backs Australian hospitality recovery

The recovery in Australia’s hospitality industry is picking up as consumers steadily increase spending.

PBoC Eyes Payment Stability Through SWIFT JV

Interestingly, the PBoC’s decision contrasts with a Bank of China International report last year which urged against reliance on SWIFT due to political risks in favor of CIPS which is now a shareholder of the new joint venture.

SocGen Pares Down Hong Kong Office Space

Societe Generale is the latest global bank to cut office space in Hong Kong, which faces political uncertainty in addition to the ongoing pandemic.

Westpac reviewing New Zealand Business

Westpac is also assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders.

TPBank to issue JCB Card in Vietnam

With reward points, customers can redeem with a wide range of attractive gift items.

CommBank unveils new buy now, pay later offering

CommBank’s new BNPL offering available anywhere debit and credit cards are accepted, with no additional BNPL costs.

CommBank: Aussie companies to pay $26 billion in dividends

Almost 80 per cent of ASX 200 companies issued a dividend during the interim reporting season as Australia moves into a new phase for the economy and share market.

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