Managers of Wealth Asia Pacific

Hong Leong Bank and Emirates Skywards Partner to Launch Emirates HLB Cards

Daily spends on Emirates HLB cards earn Skywards Miles redeemable for flight rewards on Emirates and partner airlines

China Big Five banks post modest profit growth amid loan push

The gain comes on the heels of disappointing 2018 fourth quarter when four of the five turned in their weakest profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

ANZ and Westpac prepare A$1bn provisions for customer remediation

Banks face tough housing market and ballooning costs following inquiry into misconduct

Public Bank's 1Q net profit little changed on year

Analyst flag challenging year as competition intensifies in a slowing economy

China Construction Bank posts 4.2 percent first quarter profit rise, misses estimates

CCB's non-performing loan ratio was 1.46 at the end of March, unchanged from three months earlier.

Bank of China Q1 profit up 4pc, net interest margin drops

Its net interest margin (NIM), a gauge of bank profitability, narrowed to 1.82 percent as of end-March from 1.90 percent at the end of 2018.

HSBC Built a Financial Fortress Around Hong Kong. Now It Faces Its Biggest Threat in Years

One of the bank’s biggest threats? A pack of upstarts that barely existed two months ago, backed by the likes of Standard Chartered Plc and Chinese internet insurer ZhongAn Online P&C Insurance Co.

IDBI Bank opens processing in 3 cities for Iran trade

IDBI received the nod to handle import-export transactions with Iran in early March.

CIMB launches future of work centre, targets 15% to have digital skills by 2023

FOWC is the platform to enable its workforce who have been upskilled/reskilled into their new roles in order for them to fully reap the benefits of their training.

MUFG Bank to trim headquarters staff by half

3,000 employees will be relocated to overseas branches and sales divisions

DBS Q1 profit up 9% to $1.65b

Net interest margin, a common measure of profitability, also expanded 5bp to 1.88% amidst higher rates in Singapore and Hong Kong.

Chief economist update: Lock in two RBA rate cuts

This missed market expectations for an already sharp slowdown to 1.5%.

'Serious concern': Union to take on CBA over job cut claims

CBA has labelled the claims on job cuts "misleading" and denied outright reports that it would close hundreds of branches.

[Female Finance Leaders] Corporate Korea on track to welcoming more female leaders: Woori Bank executive VP

But a turning point came when she found out that an opportunity to work in the loans department, a front-end post, had been taken away by a male supervisor.

China Merchants in Talks to Replace Ousted Djibouti-Bank Partner

IZP Group’s Globebill Technology Co. was among third-party payment companies fined by China’s foreign-exchange regulator for violating rules on cross-border payments, Beijing-based Caixin Global reported in February.

NAB bid to stop meltdown in mortgage broker business

AFG says NAB has lost market share across fixed interest, investor, homeowner and refinancing over the past 12 months.

World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019

After months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.

6 Islamic banks eye PH branches

These banks could help provide financing for Halal projects and investments in the Philippines.

Clime expands retail offer

“It’s becoming quite evident that self-directed investors, and especially self-managed super fund (SMSF) trustees, want ease of access to professional investment managers, and that is what the OpenInvest platform offers,” Clime’s c

Banking on a FinTech Future

Most customers will transfer funds, make payments and check account balances through their mobile app.

Retail Banking