Managers of Wealth Asia Pacific

StanChart Posts Record Onshore Income in China

Overall, the China business registered a pre-tax profit of $242 million in the first half, down 23.4 percent from $315 million in the same period a year ago.

CommBank adds carbon footprint tracker to app

The technology, developed in partnership with sustainability Fintech startup Cogo, will allow the bank’s retail customers to view their monthly carbon footprint with a comparison to the national average.

Japan’s biggest lender seeks bankers for the rich in wealth push

The Japanese bank’s push deeper into wealth management is a sign competition is heating up in a market that’s already fiercely contested.

Bank of Japan board reshuffle brings in less dovish member

The reshuffle precedes a change in the BOJ leadership when Kuroda's second, five-year term ends in April next year.

Meet the partners: More and CBA mark one year together

Chief Operating Officer of local telco provider More, Richard Branson, discusses the strategic partnership with CBA, what it means for the Bank’s customers, and what’s next.

China yield curve is steepest in two years as liquidity swells

The securities have also rallied after a report last week showed gross domestic product slowed to 0.4% last quarter, far below the nation’s 5.5% annual growth target.

Maybank secures AA rating by MSCI ESG Ratings

The PBoC responded this week by adding liquidity into the financial system for the first time since June through raising the size of its daily short-term cash injection to 12bn yuan ($1.8bn) on Monday from 3bn yuan.

BSP approves UnionBank's acquisition of Citi's local retail business

The deal also means UnionBank would absorb approximately 1,750 local employees of Citi, including those in senior management roles.

Reserve Bank of Australia sees more rate rises, welcomes government review

The RBA has already raised rates for three months in a row and markets are wagering on further hikes to near 3.5 per cent by the end of the year.

ANZ confirms discussions with KKR

ANZ and KKR are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed.

KBank aims to boost access for unbanked

Challenger banks have been a disruptive phenomenon in many countries, 'challenging' legacy banks by using new technology to make banking products more accessible.

SCB X Weighs Options for $1.5 Billion Asset Management Unit

Shares in SCB X rose for the first time in six days on Monday, gaining as much as 3.3% in their biggest advance in more than a month.

MUFG to Sell Remaining Stake in Hong Kong Lender

Japan’s largest bank first cut its stake in the Hong Kong lender in 2019 and said at the time that it would continue to review its existing investments.

OCBC and StanChart completes 30-year Sora OIS, the second longest tenor in history

According to data from the Association of Banks in Singapore, the outstanding stock of Sora derivatives exceeded the outstanding stock of SOR derivatives for the first time in January this year.

Goldman Sachs Sees Kotak Mahindra Bank Doubling Market Value

Credit growth in India’s banking system has jumped to a three-year high as the economy shows signs of a revival.

Woori joins race to attract Citibank customer loan transfers

The credit line for the product is 300 million won per customer, according to Woori Bank.

NAB: Worker Shortages Spur Entry to Vietnam, India

NAB has acquired a Vietnam operation, buying out partner Positive Thinking for the Ho Chi Minh City technology center, and it is setting up Indian operations, the report said.

AMP Bank implements new verification and valuation technologies to streamline lending

Banking

Commercial Bank closes $750m Asian syndicated term loan facility

Commercial Bank is executing well on its strategic plan which is recognised by the market

Citi Completes Sale Of Australian Consumer Business To National Australia Bank

NAB was selected following an auction process to acquire Citi's Consumer Business, which includes credit cards, loans, retail banking, mortgages and wealth management solutions for high net worth individuals.

Retail Banking