Managers of Wealth Asia Pacific

China In-Focus: Beijing asks state-owned policy banks for $120bn for infrastructure projects

China will take the needed measures to prevent domestic firms from being blacklisted in the US.

MUFG to open first Japanese bank branch in Indian fintech zone

Lender looks to provide low-cost dollar financing from Gujarat site

Westpac to build new institutional banking platform

Leveraging 10x Banking’s latest contemporary and cloud-native core technology, Westpac’s institutional clients will benefit from a new market-leading digital experience

CBA’s Comyn seeks to fend off ‘attackers’ with digital loan push

CBA, seen as a technology leader in banking, on Tuesday laid out its strategy for maintaining its powerful position as the country’s biggest and most profitable financial institution in the face of growing competition from technology-based rivals.

Commonwealth Bank makes raft of new appointments

"These promotions speak to the incredible strength, talent and expertise of our team, and our continued and unwavering commitment to developing our people to become future leaders."

Japan’s Two Largest Banks Add Billion-Dollar Russia-Linked Provision

The Russia-Ukraine conflict and the subsequent Western sanctions continue to be a headline issue for global banks.

CBA reports third quarter cash profits of $2.4 billion as the economic momentum remains strong

Disciplined execution on the Group’s strategy including continued growth across CommBank’s core banking businesses and sound credit quality underpinned the latest quarterly performance.

CBA interest rate decision

CBA responds to the Reserve Bank of Australia’s cash rate decision

DBS Group - First-quarter net profit at SGD 1.80 billion

The Board declared a dividend of SGD 36 cents per share for the first quarter.

Retail investors in Singapore can now invest in new DBS CIO Barbell Income Fund

With just SGD1,000, retail investors can buy into a ready-made and professionally managed portfolio

RCBC reaps back-to-back International Awards in Q1 2022

The Global Business Review Magazine Awards studies companies from different sectors from banking, finance, insurance, real estate, leadership, and technology.

UOB: Citi Acquisition to Boost Unsecured Loans

In February, UOB reported 2021 net profit of S$4.08 billion ($2.99 billion), up 40 percent from 2020.

The Banker names BDO Bank of the Year in Philippines

The latest Bank of the Year in the Philippines Award is BDO’s fourth from The Banker, having received the same accolade in 2013, 2017 and 2019.

Citi Sells India Retail Unit to Axis Bank

Axis Bank was reportedly the most preferred bidder for Citi’s retail unit in January followed by Indian rival Kotak Mahindra in second place.

NAB announces further on-market buy-back of up to $2.5 billion

NAB continues to operate well above APRA’s Unquestionably Strong benchmark of 10.50%

Japan banks, Grab are vying for Home Credit's US$2b assets

Some bidders have expressed interest in acquiring the entire South-east Asian and Indian portfolio, while others are interested in South-east Asia only, the people said.

ANZ combines retail and digital units

"Our intention was to always bring this work together when it made sense and given our first customer proposition, ANZ Plus, is about to go live, that time is now."

HDFC Bank Still Losing Credit Card Market Share: Brokerages

UOB recognised by Vietnam’s Ministry of Planning and Investment

The Bank is also set to facilitate a pipeline of SGD3.3 billion potential investments from companies in sectors such as manufacturing, technology, and consumer goods in the next three years.

OCBC Group Full Year 2021 Net Profit Rose 35%

Group net profit for FY21 was S$4.86 billion, an increase of 35% from a year ago, underpinned by strong growth in non-interest income and lower allowances, which offset a decline in net interest income amid a low interest rate environment.

Retail Banking