11/05/2018
Mitsubishi UFJ to acquire First State
The Japanese firm is set to become the largest asset manager in Asia-Pacific.
Investment Bank
11/02/2018
OCBC profits jumped 12% to $1.25b in Q3
OCBC also revealed that their operating expenses climed 7% YoY to $1.07b amidst increase in staff costs associated with annual base salary increments and a rise in expenses linked to business volume growth.
11/02/2018
AMP shares up on rumours of Macquarie Group tilt at embattled wealth manager
The Australian newspaper reported Macquarie was considering bidding for the $7.29 billion firm, citing unnamed sources.
11/01/2018
NAB signals more bad advice remediation
NAB is still undertaking a bank-wide investigation to determine if customers who paid financial advice fees relating to ongoing service arrangements did in fact receive the agreed services, such as an annual review.
11/01/2018
Goldman Sachs AM to open seven Hong Kong funds
Firm enters HK retail market with fundamental, quantitative equities and fixed income offerings
10/29/2018
ICICI Bank's Q2 standalone net profit down 56 per cent
The bank's net profit for the second quarter of the financial year 2018-19 stood at Rs 908.88 crore
10/29/2018
Bank of Yokohama invests in Indonesian lender Perdania
Regional lender and Daido join Resona in supporting client expansion into Southeast Asia
10/29/2018
Maybank Indonesia sees higher nine-month profit
Maybank Indonesia recorded a loan growth of 7.8% to Rp131.2 trillion as at September 30, 2018 from Rp121.8 trillion in the previous year.
10/23/2018
Bank of India shuts down operations in Jersey
The closure of overseas branches is part of the public sector banks’ efforts to wind up the unviable operations as per the instructions of the Finance Ministry.
10/22/2018
Bank of Singapore: Refining its Proposition, Enhancing its Added-Value
A veteran private banker, Bahren knows that the bank must keep evolving and re-inventing itself to continue its success in the wealth management universe of the future.
10/19/2018
Maybank Asset Management-BNY Mellon launches MAMG Asia Rising Stars Fund
The fund is a feeder fund that aims to maximise investment returns by investing in the BNY Mellon Asia Rising Stars Fund
10/19/2018
HSBC set to become first foreign firm to float on Shanghai exchange
The long-awaited London-Shanghai tie-up, first reported by the Financial Times this morning, is part of a wider effort on the part of Beijing to connect China’s bourse with partner exchanges in foreign markets.
10/18/2018
Bank of China Serbian arm posts loss in H1
Total operating costs amounted to 3.2 million dinars in the first half.
10/18/2018
Seven Banks Join Forces to Transform Trade Finance
The “Trade Information Network” aims to establish an inclusive industry standard in multi-bank trade finance
10/16/2018
NAB's profit to take $314 million hit out of banking royal commission
NAB said 69 per cent of its latest remediation costs would affect revenue, and the remaining 31 per cent will be reported as expenses.
10/16/2018
SMBC contractual offering unlikely to put Japan on covered bond map
Having fallen behind Singapore and South Korea, which both have approved formal covered bond laws, is the timing of Japan’s inaugural covered bond sensible?
10/14/2018
StanChart CEO says 'actively working' on Indonesian bank stake
StanChart reported a $215 million loss in 2016 from its stake in Permata, due to rising bad loans and restructuring costs.
10/12/2018
PS Jayakumar gets one-year extension as MD and CEO of Bank of Baroda
P S Jayakumar, an ex-citibanker turned entrepreneur, had joined Bank of Baroda in October, 2015. Jayakumar is a chartered accountant by qualification.
10/11/2018
ANZ says it is back in Asia
The bank has sold most of what it wanted to in the region, but faces some big costs at home.
10/09/2018
MUFG's Nobuyuki Hirano: Japanese banking's greatest hope
Companies that do not need to borrow and have to be coaxed to spend on anything that might require billable advice. Welcome to banking in Japan.