Managers of Wealth Asia Pacific

BNZ's first-half result a bright spot as NAB raises A$3.5b

BNZ's cash earnings of $562 million compare with $532 million in the previous first half.

Japan's MUFG Bank Plans More Staff Cuts, Totalling 8,000 by 2023: Yomiuri

Japanese banks have been struggling to boost profits under a policy of aggressive monetary easing that has seen the central bank guide short-term rates toward -0.1% and the 10-year government bond yield to around 0%.

Stanbic Bank Botswana launches initiative to facilitate trade with China

Manokore said the program also empowers importers with insight and control of the entire importing and logistics process.

Decline in business activity intensifies

Business activity is falling faster in April compared to March, according to initial results of the latest CBA Purchasing Managers Index.

Spending intentions show how Aussies are adapting to the new normal

Online learning, and health and fitness spending intentions increase as Australians make changes to their lifestyle amid the coronavirus pandemic.

Citi sees India’s budget gap widening the most in three decades

Citi says India's budget gap will be about 8% of the GDP, the widest since 1987.

Banking trio announce uneven Q1 results

Increase in NPLs a common theme

Westpac AUSTRAC bill continues to grow

King said Westpac is committed to mending the processes that allowed the alleged criminal money laundering at the heart of AUSTRAC proceedings to take place.

Malaysian Banks Unswayed by Worldwide Moves to Cut Dividends

As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking Bhd., the biggest lender by market value, plans to keep its payout ratio of as much as 60% its profit after tax

CBA approves $150 million in business loans under Coronavirus SME Guarantee Scheme

These loans will help a lot of businesses stay afloat, and keep a lot of people in jobs.

Commonwealth Bank launches coronavirus support campaign

A large scale communication campaign to clearly address our customers’ most common questions and concerns.

SoftBank to sell up to $41bn in assets to acquire shares

It had already announced a massive share buyback that prompted S&P Global Ratings to cut the firm’s outlook to negative, a move some analysts said misinterpreted the company’s health.

Citi buys Royal Bank of Canada’s custody business in Australia

It also says the deal will bolster its regional operations site in Malaysia because several RBC employees in Kuala Lumpur, the capital of the Southeast Asian country, are expected to join Citi.

SBI, seven other lenders to invest ₹10,000 crore to revive Yes Bank

In a late night notification to the exchanges, Yes Bank said 1000 crore equity shares have been allocated to these lenders.

Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources

Company founder and co-Chief Executive Cliff Zhang would want to retain a small stake after a deal, said one of them.

Standard Chartered launches new Banking Solution in Indonesia

Winters added that the Nexus solutions is potentially a ‘transformational’ platform for both Standard Chartered and its clients.

UOB Quadruples Client Engagement for Mobile Bank

Naturally, increased engagement has led to more users with referrals accounting for more than two-thirds of TMRW’s new customers.

How Hong Kong's Retail Banks Could Offset Digital Revenue Pressure

What’s more, 72 percent of Hong Kong respondents had more than one bank account compared with the global average of 58 percent.

UOB and Prudential Singapore launch the UOB Lady's Savings Account to help women grow their wealth and protect their health

First savings account in Singapore with complimentary female-related cancer insurance coverage

Bank BRI on Consolidating the payments game in ASEAN

Nicko Widjaja, the CEO of BRI Ventures shares his perspective on the need for Indonesian tech companies to unify efforts, lacking the luxury of the depth of domestic customer base that nations like China harbour.

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