Managers of Wealth Asia Pacific

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.

Mizuho to postpone bank unit's change at helm after slew of system failures -media

Japanese Finance Minister Taro Aso said on Tuesday the system failures were a major problem that erodes customer trust.

2021 Vietnam Banking Opportunities and Challenges

The more stringent Basel II compliance will continue to fuel Vietnamese commercial banks' insatiable demand to identify capital sources.

Westpac combines Consumer and Business divisions

The new division will be led by the current Chief Executive, Consumer, Chris de Bruin.

Vietnam banking sector set for heightened M&A activity

New laws and search for capital spell vibrant year for financial service providers

Asia-Pacific ‘strongest banks’ list includes AUB

AUB said it scored highest in capital adequacy ratio, return on asset, cost to income ratio, loan loss reserves and liquid assets.

ADB returns to Panda bond market

Two billion yuan offering is the bank's largest ever in an Asian local currency

Citi Needs a New Strategy for Its Lagging Asian Consumer Banks

CEO Jane Fraser knows it’s time to shift gears. The pandemic has changed the calculus for the company’s operations in the region.

Retail Banking