Managers of Wealth Asia Pacific

CBA launches bold new recruitment drive

In a bid to deliver global best digital experiences, Commonwealth Bank has set itself the aggressive recruitment target of appointing 50 new engineers each month.

Central American development bank to open S. Korean office in Seoul

The finance ministry said the CABEI's Seoul office will help more South Korean firms make inroads into the Central American market, and serve as a chance for Seoul to become a financial hub in Northeast Asia.

HSBC, Standard Chartered say border reopening, finding talent key to their Greater Bay Area expansion plans

HSBC and Standard Chartered, which have announced big expansion plans in the Greater Bay Area, want cross-border travel restrictions to ease as they face headwinds from the pandemic

TMBThanachart launches ttb reserve to serve high wealth customers

Card holders accumulate reward points faster than anyone else without the need to spend via the card while accumulated points can be used for financial, investment and lifestyle enhancements for better financial wellbeing today and for the future.

Aussie businesses shift car sales up a gear

CBA’s financing of light commercial vehicles has increased 187 per cent since January 2021, pointing to signs of continued business recovery.

Aussie businesses shift car sales up a gear

CBA’s financing of light commercial vehicles has increased 187 per cent since January 2021, pointing to signs of continued business recovery.

CIMB Group sees healthy recovery in 1Q 21 remains cautious in the short term due to pandemic risks

Despite a marginal 0.9% increase in operating expenses, the Group’s cost-to-income ratio (“CIR”) improved to 48.7% in 1Q21, from 52.2% in FY20, as CIMB continued to undertake stringent cost optimisation measures.

Malaysian bank CIMB Group profits boosted by one-off gain

"This investment is part of an ongoing fund raising exercise undertaken by TNG Digital to accelerate its growth and expansion plans,"

ANZ CEO says platforms and ecosystems will play a greater role in both wholesale and retail banking

Consider our institutional platform: we have become the largest provider of bank infrastructure to other banks.

UOB prices 750m euro fixed-rate covered bonds due 2029 at 0.1%

"Very high quality orders" from central banks, official institutions and fund managers took up 60 per cent of the final allocations.

CBA predicts digital wallets set to become the most popular contactless way to pay

When shopping in-store, Aussies to choose digital wallets as their preferred way to pay compared to tapping a card, according to latest figures from CBA.

Japan's top lender MUFG reports 47% rise in annual profit

Profit for the year ended in March came in at 777 billion yen compared with 528.2 billion yen a year ago, MUFG said in a statement.

CBA transforms its ecommerce offering with BigCommerce partnership

From design to sales, CBA merchants now have access to a ‘one stop shop’ for their online business.

NAB’s cash earnings up in 1H21

“The result, and our growing confidence in the outlook, have allowed us to lift the 2021 interim dividend to 60 cents per share,”

United Overseas Bank 1Q Net Rose 18%

UOB said that its liquidity and funding positions remained robust and that it saw the business outlook cautiously improving.

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

Retail Banking