Managers of Wealth Asia Pacific

Westpac sees reduced uncertainty for remediation programs

During 2H21 there was an $18 million reduction to net wealth management and insurance income for additional provisions for aligned dealer group advice remediation.

CBA partners with gift card disrupter Karta

Commonwealth Bank announces new strategic partnership to offer consumers and businesses new online choices in the $29 billion Australian prepaid card industry.

ANZ 2021 Full Year Result & Proposed Final Dividend

Australia Retail & Commercial grew lending and customer deposits during the year and delivered good margin performance across the division.

Citi to shut Korea's retail banking without sell-off

"We will keep a close watch on this issue in terms of protecting financial consumers and maintaining financial order,"

DBS, StanChart Plan to Bid for Citigroup Asia Retail Units

Under Chief Executive Officer Jane Fraser, the bank is exiting 13 markets across Asia and Europe, the Middle East and Africa. Its Australia business was sold to National Australia Bank Ltd. in August.

J.P. Morgan Opens Korean Commercial Banking Office

Since 2019, J.P. Morgan has sought to expand outside of North America with a focus on mid-sized firms in 19 countries.

ICSFS signs Asia Alliance Bank

The bank has a strong and competitive market position and has established many partnerships with leading foreign banks where it has gained a strong reputation of a reliable partner.

Siam Commercial Bank preps VC fund as it looks to become regional fintech player

SCB will "no longer be a bank in the original sense of the word, instead transforming into a financial technology group with a stronger banking business as part of the group," says a statement.

CommBank returns $10m in cashback to customers for their everyday shopping

Personalised cashback programs benefit both individuals and businesses, according to CBA.

CBA invests in Western Sydney

New stadium partnership and small business funding to help drive recovery in one of the nation’s key engine rooms.

NDB initiates membership expansion, extends global outreach

Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members

China Construction Bank First-Half Net Profit Rose 11%

there is likely to be "huge demands for financial services" from infrastructure, manufacturing, green credit and others, the bank said.

CIMB Group net profit jumps

Dato' Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group, said, “The Group’s solid performance reflects the progress made in our Forward23+ strategic plan and momentum from economic recovery experienced earlier in 1Q21.

Backing businesses for the future

CBA supports Federal Government’s expanded scheme loans for small and medium businesses.

Challenging conditions but FY21 Asset Finance lending at a 10-year high

"Pleasingly, despite the current lockdown restrictions in many of the states, we’re already seeing strong demand for asset finance in FY22."

CommBank's StepPay available now

CommBank’s new buy now, pay later StepPay is available anywhere CBA cards are accepted and is the first BNPL from a major bank.

CommBank recognised as customer engagement rises across its digital channels

Two independent research firms rank the CommBank app as Australia’s #1 mobile banking app, again.

Westpac sells Australian life insurance business to TAL

The transaction sees Westpac exit manufacturing life insurance products and releases significant capital back to the bank.

NAB Announces Agreement To Acquire Citigroups Australian Consumer Business

NAB CEO, Ross McEwan, said the proposed acquisition supported NAB’s strategic growth ambition for its Personal Banking business.

CommBank digital feature makes it easier for businesses to navigate COVID-19 support

CommBank extends personal banking digital feature to help businesses connect more easily with unclaimed government benefits and rebates.

Retail Banking