Managers of Wealth Asia Pacific

WeLab Acquires Indonesian Commercial Bank

Welab Sky has already completed a strategic investment for a 24 percent stake in BJJ.

Citi: Preferred Bidders Selected for Asia Consumer Assets

For its China consumer banking assets, Taiwan’s Fubon Financial Holding is the buyer of choice in a deal that could raise about $100 to $200 million.

Kotak Mahindra, Axis Bank emerge as top contenders to acquire Citi India retail business

Compared to Axis Bank, Kotak is more keen on bagging the Citi business. Kotak’s retail book is a little less than Rs 1 lakh crore, while that of Citi is nearly Rs 68,000 crore, of which retail loans account for Rs 28,000 crore.

CIMB Group on the mend despite 3Q loss

The recovery in performance was driven by higher operating income, strong cost containment and significantly lower provisions, with improvements seen across all segments and markets.

ACCC not opposed to NAB, Citi deal

"Credit cards continue to be an important product for consumers, despite increasing use of other unsecured lending products such as Buy Now, Pay Later,"

HSBC Rolls Out New Vaccine Rules in Hong Kong

The city’s top officials announced a continued focus on maintaining its zero-Covid policy while prioritizing border opening with mainland China.

OCBC Profits Climb Higher on Lower Allowances

OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances.

Westpac sees reduced uncertainty for remediation programs

During 2H21 there was an $18 million reduction to net wealth management and insurance income for additional provisions for aligned dealer group advice remediation.

CBA partners with gift card disrupter Karta

Commonwealth Bank announces new strategic partnership to offer consumers and businesses new online choices in the $29 billion Australian prepaid card industry.

ANZ 2021 Full Year Result & Proposed Final Dividend

Australia Retail & Commercial grew lending and customer deposits during the year and delivered good margin performance across the division.

Citi to shut Korea's retail banking without sell-off

"We will keep a close watch on this issue in terms of protecting financial consumers and maintaining financial order,"

DBS, StanChart Plan to Bid for Citigroup Asia Retail Units

Under Chief Executive Officer Jane Fraser, the bank is exiting 13 markets across Asia and Europe, the Middle East and Africa. Its Australia business was sold to National Australia Bank Ltd. in August.

J.P. Morgan Opens Korean Commercial Banking Office

Since 2019, J.P. Morgan has sought to expand outside of North America with a focus on mid-sized firms in 19 countries.

ICSFS signs Asia Alliance Bank

The bank has a strong and competitive market position and has established many partnerships with leading foreign banks where it has gained a strong reputation of a reliable partner.

Siam Commercial Bank preps VC fund as it looks to become regional fintech player

SCB will "no longer be a bank in the original sense of the word, instead transforming into a financial technology group with a stronger banking business as part of the group," says a statement.

CommBank returns $10m in cashback to customers for their everyday shopping

Personalised cashback programs benefit both individuals and businesses, according to CBA.

CBA invests in Western Sydney

New stadium partnership and small business funding to help drive recovery in one of the nation’s key engine rooms.

NDB initiates membership expansion, extends global outreach

Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members

China Construction Bank First-Half Net Profit Rose 11%

there is likely to be "huge demands for financial services" from infrastructure, manufacturing, green credit and others, the bank said.

CIMB Group net profit jumps

Dato' Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group, said, “The Group’s solid performance reflects the progress made in our Forward23+ strategic plan and momentum from economic recovery experienced earlier in 1Q21.

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