10/31/2023
HSBC Flags China Property Worries
China’s commercial real estate sector was prominently featured, accounting for $500 million in charges for the third quarter and $800 million overall in the first nine months of 2023.
Retail Banking
10/30/2023
HSBC Holdings plc 3Q 2023 Earnings Release
This underlines the substantial distribution capacity that we have, even as we continue to invest in growth.
10/27/2023
StanChart Q3 profit slumps on China impairment charges
That compared with $996 million a year earlier and the $1.41 billion average of 16 analyst estimates compiled by the bank.
10/26/2023
UOB: Fee, Interest Income Climb Higher
Net interest income also increased by 9 percent to S$2.4 billion due to a 14 basis point boost in net interest margin.
10/26/2023
Malaysia’s Maybank buys balance 20% in asset management unit for 70.39 million ringgit
The bank did not specify why it needs the green light from the Singapore central bank. It’s likely because Maybank Asset Management also operates in Singapore.
10/24/2023
OCBC Rolls Out Generative AI Access to All Staff
Including the time required to ensure factual accuracy, tasks were completed 50 percent faster than before.
10/23/2023
UOB Aims to Grow Indonesia Unit’s Profit Share
The target will be on track after the completion of Citigroup’s consumer banking business by the end of 2023.
10/12/2023
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
Shares of Bank Of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank rose in early trading.
10/09/2023
HSBC Inks Deal to Buy Citi's China Retail Wealth Portfolio
The deal includes deposits and investment assets under management of approximately $3.6 billion as well as wealth clients across 11 major cities.
10/06/2023
Australia’s Westpac fails to sell Pacific banking business
The company said its Pacific business was continuing to see growth along with operational recovery post-Covid, which presented Westpac an option to invest in the operations.
10/05/2023
UOB sets up Sustainability Advisory Panel with appointment of sustainability and industry experts
The Panel will also assist the Board and Management in fulfilling their oversight responsibilities as the Bank executes its sustainability and net zero agenda.
09/28/2023
Metrobank named Strongest Bank for 3rd straight time
Assessments for a bank's performance are based on the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
09/25/2023
Metrobank gets three-peat Strongest Bank title
The award is part of The Asian Banker’s pioneering and most credible annual ranking analysis of all major banks in the Asia Pacific Region based on their strongest balance sheet performance.
09/25/2023
ABA named Best Digital Bank in Cambodia 2023, confirming its dedication to digital innovation
All this makes ABA the provider of unparalleled digital banking services and the most convenient mobile banking app.
09/19/2023
ADB names ComBank its ‘Leading Partner Bank’ in Sri Lanka for 3rd year
Commercial Bank was among 25 banks that were recognised in 15 categories at the ADB TSCFP Awards ceremony.
09/15/2023
NAB Announces Closure of Hong Kong Office
This decision is expected to affect approximately 50 positions in Hong Kong.
09/11/2023
Metrobank hailed anew as best domestic bank
This is the second time Metrobank was bestowed this award by the international finance magazine, first was during the height of the pandemic in 2021.
09/11/2023
ANZ declares victory in turnaround of its institutional bank
Clients of ANZ’s payments and cash management division include Amazon, BHP, Toyota, American Express, Temasek, Lend Lease and Visy Industries.
09/06/2023
UOB’s Citi acquisition to help it grow in Asean
The acquisition of Citi’s consumer franchises in Malaysia and Thailand was completed in November 2022, followed by Vietnam in March this year.
08/28/2023
Alliance Bank Malaysia to launch digital wealth platform with 24/7 client portfolio access
The digital wealth platform forms part of the Malaysian bank’s efforts to transform its wealth management services by providing digital wealth-investment advice and enhancing its technical and business capabilities.