Managers of Wealth Asia Pacific

Seven Banks Join Forces to Transform Trade Finance

The “Trade Information Network” aims to establish an inclusive industry standard in multi-bank trade finance

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.

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?

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.

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.

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.

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.

World's Best Banks 2018: End Of Easing Street

Global Finance unveils its 25th annual listing of the best banks—globally, regionally and in 149 countries. Winners have outperformed their peers and shown the ability to adapt to rapidly changing conditions in the industry.

LGT a cornerstone investor in China Renaissance

As one of three cornerstone investors, LGT acquired a USD 25 million stake in the business.

OCBC Ends Plan to Sell Stake in Hong Kong Life Insurance

Closing conditions were satisfied before the deadline.

BNP to sell entire 33% Geojit stake 2 years after acquiring Sharekhan

Incidentally, Geojit shares have taking a beating in the past one month

Citi wins digital bank awards of Global Finance magazine

The bank also won five sub-category awards -- “Best Online Cash Management”, “Best Online Treasury Services”, “Best in Mobile Banking”, “Best Mobile Banking App” and “Most Innovative Digital Bank&r

China UnionPay kicks off European expansion with UK launch

World’s biggest payment card issuer challenges US rivals Visa and Mastercard

Ripple’s New MoneyTap App Could Dominate Japanese Bank Transfers

The page itself gives a projected launch date of autumn 2018.

Morgan Stanley CEO James Gorman is the Australian fixing Wall St culture

But friends say he regularly opens doors for Australians in the United States, such as introducing Malcolm Turnbull to Wall Street heavyweights last year when the then prime minister visited to meet President Donald Trump.

HSBC Singapore to relocate to Marina Bay Financial Centre in 2020

The total rent payable by HSBC for the extended term from April 30 next year is S$27.7 million.

Raymond James Financial Services Advisors Inc. Acquires New Holdings in Sumitomo Mitsui Financial Grp, Inc.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Sumitomo Mitsui Financial Grp by 8.8% during the 1st quarter.

Chinese firms look to smaller foreign buys, UBS China boss says

Many Chinese companies are looking to partnerships and acquisitions abroad in order to sustain high growth rates and deliver the high quality foreign brand names sought out by China’s emerging middle class.

National Australia Bank backs away from grandfathered commissions

The bank said that the move will benefit nearly 32,000 superannuation and investment clients, who will receive fee rebates and reductions worth around A$11m ($79,09,401.5) from January next year

Fullerton, Bank of China acquire 27 community lenders for $235m

The firm acquired 15 community banks from China Development Bank in 2017.

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