Managers of Wealth Asia Pacific

NAB reports 3% rise in first quarter profit

However, the group’s expenses rose by 4% during the first quarter due to investment and job cuts announced previously.

SoftBank in talks to take Swiss Re stake worth up to $11bn

Acquisitive Japanese conglomerate eyes expansion into financial services

Singapore's DBS expects higher margins as fourth quarter profit jumps

Kicking off the reporting season for Singapore’s banks on Thursday, DBS said its fourth-quarter net interest margin, a key gauge of profitability, rose seven basis points to 1.78 percent.

CBA puts away $500m for regulatory costs

The banking group said it has set aside $375 million for an estimated civil penalty in relation to the ongoing AUSTRAC proceedings in the Federal Court.

SocGen expects increased investor interest in its new DLCs

Mr. Chan expects the daily turnover to increase over time, but says the company does not have specific turnover goals.

Indonesia's largest bank posts 49% net profit jump in 2017

Bank Mandiri expects slower growth this year as competition heats up

BPI nets P22.42B

BPI was among the few large cap stocks that bucked the downturn at the stock market on Monday after announcing its robust fourth quarter results.

UPDATE 2-Australia’s Westpac reports small fall in stressed assets, raising $590 mln in capital

Bank reports slight fall in stressed assets

China CITIC Bank's Preliminary 2017 Net Profit Rises 2.3%

Operating income was 156.72 billion yuan, a year-on-year rise of 1.9%, while assets totaled 5.68 trillion yuan, an on-year drop of 4.3%.

HSBC launches $400m global media review

HSBC is to review its estimated $400m (£286m) global media planning and buying account.

Malaysian Building Society finalises Asian Finance Bank merger with shareholder approval

The two bank have already started their integration process, which is expected to complete in March 2018.

CBA to pay $1.9 million in advice compensation

CBA confirmed it had reviewed the advice provided by five advisers, and this had led to compensation being offered.

Indonesia's largest bank posts 10.7-pct profit growth in 2017

Most of the loans were channeled to micro financing, followed by consumer loans, retail and corporate loans, he said.

Siam Commercial to shut 750 branches by 2020 but no layoffs

Lender to halve banking staff as it goes digital and focuses on consumer loans

CBA shareholders face another tough year, says Citi

The Citi analysts predicted investors would cut their valuation on CBA shares, as it set about changing the business in response to these challenges, which they said would detract profits.

BSP Sets Footprints In South East Asia

Bank South Pacific Has Finally Renamed Its Cambodia Expansion To BSP Finance Yesterday In Phnom Penh.

Overseas Filipino Bank launched

The OFB shall serve as a “policy bank dedicated to provide financial products and services tailored to the requirements of overseas Filipino,” the OFBank said in a statement.

Thai Siam Commercial Bank profit misses expectations

Higher provisions were set to align existing expected loss principles to those required under new accounting standards effective in 2019, SCB said in a statement.

NBP, Bank of China sign MoU to enhance banking services

Li expressed his pleasure to be a part of this memorable event and said Bank of China had a long standing working relationship with the NBP .

ANZ Walks From Chinese Deal

HNA Group which owns 10 percent of Deutsche Bank has recently come under intense scrutiny from foreign regulators due to its extreme levels of debt and a blurred ownership structure.

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