Managers of Wealth Asia Pacific

MUFG just posted first quarterly loss in a decade

MUFG now expects full-year profit of ¥750 billion, down from the ¥900 billion targeted previously.

Big investment banks cool on Chinese IPOs on Wall Street

Falling valuations and trade war to blame as lenders back out of companies’ listings

UBS, Morgan Stanley cut bonuses for investment bankers in Asia as deal-making slumps

Senior bankers face the biggest reductions of between 9 and 12 per cent, while associates get a slight raise

JPMorgan Targets Smaller Companies In Japan

JPMorgan has hired Shotaro Akita to head up the CCBSI unit along with the commercial bank in the country.

Bank of China IM eyes Singapore set-up

Separately, China-based Penghua Fund Management and CCB Principal Asset Management are planning to establish subsidiaries in Hong Kong.

UOB: Muted Growth Outlook Requires Risk-Balanced Income Strategy

With downside risks mitigated, UOBAM recommends a neutral allocation to equities and to broadly stay invested in markets amid the continued expansion.

DBS China receives bond settlement agent license for China’s Interbank Bond Market

Over the years, DBS has actively participated in China’s bond market, giving us in-depth experience in the space.

Goldman Sachs readies hiring spree in China

Goldman spent last year's latter half honing its expansion plan

Bank Rakyat Indonesia Announces Invoice Financing Tie-Up

BRI uses AI and alternative credit checking methods, and can independently analyze funding risks for each potential loan case based on data provided by Investree.

Citi's investment arm to hire 2,500 coders

JP Morgan is on track to spend $11bn on technology this year, while Bank of America has said it spends about $10bn on tech.

New Mizuho investment fund targets life sciences startups

It will invest between ¥300 million and ¥500 million for up to 12 years per company in cooperation with medical consultants who have knowledge on life science, according to Mizuho Financial Group.

Japan predicted to dominate inbound M&A

Top investment bankers at JP Morgan and Deutsche Bank say Japanese raiders will continue to target Australia in 2020 as they look internationally for revenue growth.

Citibank Taiwan wins ‘Asset’ magazine awards

The outstanding performance of Citi Taiwan is not only in banking, but also in corporate social responsibility, the bank said.

Japan's MUFG Bank to book $1.9 billion hit after Indonesian unit's stock plunge

MUFG does not disclose the price level where it would be required to book an extraordinary charge.

Nomura Sees Hope in Advisory, Underwriting as Rates Stay Low, Society Ages: Outgoing CEO

The headwinds from the "megatrends" will stay for another decade, Nagai said, indicating Nomura needs to focus on its primary business that include underwriting and deal advising.

UOB Partners to Boost Kids Development Programme

There will be online activities and on-ground activities and game booths at roadshows during school holidays, the statement said.

China planning 'aircraft-carrier-size' investment banks

Taken together, China's 131 brokers have assets that are equal to what Goldman Sachs sits on by itself.

S. Korea formally launches open banking service

The banks completely open their payment system to fintech firms as well, further enhancing convenience and lowering the cost of financial transactions for their customers.

Standard Chartered Bank pulls out of three coal projects in Southeast Asia

The Asia-focused bank has announced a new climate policy that renews its commitment to stop financing the fossil fuel, which is the single biggest driver of man-made greenhouse gas emissions.

Bangkok Bank’s bid for Permata reflects Thailand’s overseas M&A ambition

Japan’s Sumitomo Mitsui Financial Group Inc. had also shown interest in buying out the existing owners

Investment Bank