Managers of Wealth Asia Pacific

ANZ profit climbs as CEO cautions on fragile economy ahead

That’s likely to keep competition strong for home loans as more homeowners roll off ultra-low fixed mortgages from during the pandemic on to much higher floating rates.

In a world first, CBA shares its artificial intelligence model to help reduce technology-facilitated abuse

This announcement builds on the bank’s bid to reduce technology-facilitated abuse in light of research¹ showing 1 in 4 Australian adults have experienced financial abuse from their partner.

Jenius Bank Launches Savings Account Product in the U.S

SMBC Group will continually create new businesses that best serve and add value to customers in the rapidly evolving digital financial environment.

DBS Group: Third-quarter net profit rises 18% to SGD 2.63 billion as total income increases 16% to record SGD 5.19 billion

Nine-month net profit up 35% to SGD 7.89 billion, ROE at 18.6%

Westpac embarks on huge tech project to rebuild spaghetti IT systems

Analysts say complexity has been a drag on Westpac’s market share and net promoter scores measuring customer satisfaction, and probed about the costs and execution risks of the new project.

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.

HSBC Holdings plc 3Q 2023 Earnings Release

This underlines the substantial distribution capacity that we have, even as we continue to invest in growth.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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