Managers of Wealth Asia Pacific

Australia's Westpac underwrites dividend payout as cash earnings plunge

FY20 cash earnings fall 62% to A$2.61 bln

Bank of Commerce profit steady at P366 million

Net interest income jumped 25.6 percent to P3.75 billion while interest expense plunged 49.7 percent to P989.4 million from P1.97 billion on lower interest rates.

Citibank facilitates SBL trades in China A-share market under new QFII

QFII was first launched in 2002 and has seen several key amendments in the past year to make it quicker and easier for foreign investors to apply for and gain QFII status.

ANZ's profit plunges by a staggering 42% as 95,000 homeowners defer their mortgage

A huge number still haven't returned to making monthly repayments

Westpac rolls out customer complaint resolution system

Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.

HSBC to accelerate restructuring plan to cut costs

HSBC has not yet said if its plan to accelerate its restructuring will mean more jobs will go.

Vietcombank profit plunges

Vietcombank, the fourth-largest lender in Vietnam in terms of assets, also reported that its Q3 revenue fell to near 4 percent year-on-year to VND11.6 trillion.

UnionBank named Asia Pacific Digital Trailblazer at IDC 2020 Asia/Pacific Digital Transformation Awards

With this distinct recognition, UnionBank joins the ranks of previous regional winners, renowned Changi Airport in Singapore, and Ovo, Indonesia’s leading payment and financial services platform.

Indonesian giant gets majority in largest Islamic bank

Bank Mandiri holds 51.2% shares in Islamic bank being formed by merging 3 entities

Bank of Japan member calls for ‘swift action’ to ease coronavirus shock

Japan’s economy suffered its biggest postwar slump in the second quarter

Indonesia gains heft in Islamic banking with 3-way merger

By merging syariah units of three lenders, country aims to capture bigger slice of market

UnionBank nabs eight accolades at 11th Retail Banker International Awards

From a timeframe of up to 20 days, Send-i2i rural banks will be able to receive remittances in mere seconds.

PNB wins ‘best managed bank’ and ‘best CEO’

Philippine National Bank was honored by The Asian Banker with Best Managed Bank and Best CEO during its annual Leadership Achievement Awards on Oct. 15.

Local Support Essential For Small Business Recovery

The nationwide business banker expansion will offer more personalised business support to help small business customers, and their local communities, rebuild and grow.

CBA Invest $100 Million for Australian Business Growth Fund

As Australia’s biggest bank, we are very aware of the challenges many small businesses face when trying to grow, particularly during these challenging economic times.

BOQ Announces Agreement to Sell St Andrew's Insurance

Completion of the transaction is subject to certain conditions, including regulatory approval from APRA.

CBA avoids strike on pay, pledges to keep 'as many as possible' in their homes

Thirty per cent of Mr Comyn's bonus was tied to the bank's completion of key milestones to address systemic governance failures identified by the prudential regulator.

ZA Bank Mulls Acquisition of Hong Kong's Largest Non-Bank Lender

The sales process is currently being led by majority shareholder China Travel Financial, an arm of the China Tourism Group, though the report added that discussions remain in the early stages with no assurances of an agreement.

Retail investors turn back on Westpac

Westpac Banking Group was the most-sold share in September with $21 million being withdrawn by retail investors, along with Qantas and Flight Centre.

UOB transforms the digital banking experience for its corporate clients with the launch of UOB Infinity

Digital solution provides greater certainty and transparency in cross-border payments

Retail Banking