Managers of Wealth Asia Pacific

DBS, Neo & Partners Global, win WatersTechnology Asia awards

Asia awards

RBI Governor Shaktikanta Das asks banks to do Covid stress test, focus on raising capital

Reserve Bank of India governor Shaktikanta Das said there is a need for legislative backing to have ‘resolution corporation’ for dealing with the revival of stressed financial firms.

Commbank Accepting Applications For Next Rounds Of First Home Loan Deposit Scheme Places

Australians can now apply for the next round of places with Commonwealth Bank under the Government’s First Home Loan Deposit Scheme.

CBA Welcomes Open Banking

Data-driven innovation has the potential to deliver new services and better products to Australian consumers.

IDBI Bank to sell 27% in insurance JV, Belgian firm raises stake to 49%

Ageas Insurance will hold 49 per cent in the venture while Federal Bank will have 30 per cent stake, with IDBI Bank holding the remaining 21 per cent stake in the insurance firm, after the stake sale.

AmBank Group recognised as nation’s best mobile banking and wealth management experience

Customer preference has shifted definitively from desktop computers to the mobile phone to access online services.

DBS Bank India Limited records strong growth as profit rises more than six fold to INR 111 crores

Net advances grew by 6% to INR 19,131 crore from INR 18,108 crore in the corresponding period of the previous year, despite a challenging external environment.

UOB raises more than S$1.65 million in a month in its latest COVID-19 relief effort

The funds will support frontline healthcare workers and vulnerable communities across the world through 31 beneficiaries

Standard Chartered Gets Nosy With Job-Seekers

The questions, she noted, are designed to foster corporate diversity and to foster an integrative workplace.

Japanese banks' overseas investments hit new high despite market turbulence

Japanese banks piled into foreign bonds, mortgage-backed securities and overseas investment trust funds to beat global interest rate declines in the first quarter, said Takuto Ninomiya, associate director-general of the BOJ's financial markets depart

Xiaomi’s Airstar Bank Debuts as Hong Kong’s Second Virtual Bank

Airstar Bank is owned 90% by Xiaomi and 10% by Hong Kong-based investment banking firm AMTD Group. The bank won a license in May 2019 and started a pilot run in March.

CBA cracks down on tech-driven abuse

The Commonwealth Bank of Australia has taken steps to tackle the issue of technology-facilitated abuse after it identified customers sending potentially abusive messages in banking transaction descriptions.

SBI Q4 Results: Profit More Than Quadruples Aided By One-Time Gain

The state-run bank’s net interest income fell less than a percent year-on-year to Rs 22,766 crore. Analysts had forecast NII at Rs 25,403 crore. SBI’s asset quality improved over the January-March quarter.

Japan’s Banking Minnows Swim in Risky Waters

It’s questionable whether seeking better growth opportunities overseas offers a path out of their troubles, though, especially when coronavirus lockdowns have devastated economies across the globe.

CBA Moves On Technology FAcilitated Abuse

Commonwealth Bank is taking steps to address the issue of technology-facilitated abuse to provide a safer banking experience for customers.

ANZ Sells NZ Asset Financing Business

ANZ has for several years tried to sell UDC, and in early 2018 nixed a NZ$660 million ($461 million) deal with Chinese conglomerate HNA for the business

Philippines gets $400mln ADB loan to develop capital market

The policy-based loan will help the Southeast Asian economy grow its government and corporate bond markets and expand its investor base

HSBC To Restart Restructuring, Eyes Deeper Job Cuts

It is also planning to further invest in growth areas like Asia and the Middle East.

HSBC to sell US retail arm as part of more 'drastic' overhaul: reports

It is understood the board's review of what is already the biggest overhaul in the bank's 155-year history will involve deeper job cuts.

BIBD ‘Best Retail Bank in Brunei’ for eight consecutive years

The latest award comes after the bank was named Best Islamic Bank in Brunei by Global Finance Magazine and Best in Islamic Finance Asia Pacific 2020 by the International Investor.

Retail Banking