Managers of Wealth Asia Pacific

CBA backs Australian hospitality recovery

The recovery in Australia’s hospitality industry is picking up as consumers steadily increase spending.

PBoC Eyes Payment Stability Through SWIFT JV

Interestingly, the PBoC’s decision contrasts with a Bank of China International report last year which urged against reliance on SWIFT due to political risks in favor of CIPS which is now a shareholder of the new joint venture.

SocGen Pares Down Hong Kong Office Space

Societe Generale is the latest global bank to cut office space in Hong Kong, which faces political uncertainty in addition to the ongoing pandemic.

Westpac reviewing New Zealand Business

Westpac is also assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders.

TPBank to issue JCB Card in Vietnam

With reward points, customers can redeem with a wide range of attractive gift items.

CommBank unveils new buy now, pay later offering

CommBank’s new BNPL offering available anywhere debit and credit cards are accepted, with no additional BNPL costs.

CommBank: Aussie companies to pay $26 billion in dividends

Almost 80 per cent of ASX 200 companies issued a dividend during the interim reporting season as Australia moves into a new phase for the economy and share market.

Mizuho to postpone bank unit's change at helm after slew of system failures -media

Japanese Finance Minister Taro Aso said on Tuesday the system failures were a major problem that erodes customer trust.

2021 Vietnam Banking Opportunities and Challenges

The more stringent Basel II compliance will continue to fuel Vietnamese commercial banks' insatiable demand to identify capital sources.

Westpac combines Consumer and Business divisions

The new division will be led by the current Chief Executive, Consumer, Chris de Bruin.

Vietnam banking sector set for heightened M&A activity

New laws and search for capital spell vibrant year for financial service providers

Asia-Pacific ‘strongest banks’ list includes AUB

AUB said it scored highest in capital adequacy ratio, return on asset, cost to income ratio, loan loss reserves and liquid assets.

ADB returns to Panda bond market

Two billion yuan offering is the bank's largest ever in an Asian local currency

Citi Needs a New Strategy for Its Lagging Asian Consumer Banks

CEO Jane Fraser knows it’s time to shift gears. The pandemic has changed the calculus for the company’s operations in the region.

Standard Chartered aims to triple income from Greater Bay Area in five years

The bank plans to increase its headcount in the mainland Chinese cities of the bay area from 1,400 now to 2,500 in 2023

CIMB wins four awards for customer-driven SME initiatives

Awards include Best SME Bank in Malaysia, Best Digital Transformation Initiative for SMEs, Outstanding Innovation in SME Banking and Most Innovative Credit Card

Westpac named as global ESG leader

Australian companies were found to be leaders in making their ESG objectives clear in integrated reports and reporting ESG impacts in separate reports.

BRICS bank credits China billions for post-COVID-19 upturn

In April last year, the bank set up a method to provide emergency support program loans to its member countries, helping them in fighting the pandemic. It has up to now supported seven anti-virus-linked emergency loans, reaching about USD7 billion.

ING to exit Austrian retail market

ING has been active in the Austrian retail banking market since 2003.

CIMB sees lower provision in FY21

We should see a significant improvement in the provisioning level for Malaysia across the consumer

Retail Banking