Managers of Wealth Asia Pacific

Westpac sells Pacific businesses

The sale price also includes earn-out payments of up to $45 million which are scheduled to occur annually over 24 months following completion and are subject to the business performance of Westpac Fiji.

Westpac sells Pacific businesses

The sale price is made up of $315 million payable at completion and $60 million to be paid six-monthly over the following 18 months for Westpac PNG.

UOB to Launch FX Engine

«It remains a key priority for MAS to further broaden and deepen our FX market, and we welcome more buy-side participants to join the fast-growing FX e-trading ecosystem in Singapore,»

China Zheshang Bank to open wealth management subsidiary

The issuance of public and private funding products and offering economic advisory and consulting services are among the subsidiary's business space.

YES Bank implements SMS Pay functionality on POS terminals

SMS Pay is a step towards facilitating merchants to accept remote payments on their POS machines and enabling their customers to transact safely from the comfort of their homes.

ICICI Bank crosses Rs. 2 Trillion mark in Mortgage Portfolio

Coupled with making the entire mortgage process digital, ICICI Bank has been leveraging Big Data analytics to offer loans—fresh loans, top ups and balance transfer-- instantly to millions of pre-approved customers.

NAB taps six managers for $750m hybrid deal

The notes will qualify as additional Tier 1 capital for NAB and the bank said it would use the proceeds for general corporate purposes.

Maybank claiming RM113.9m from Scomi Group

The assets and liabilities of Scomi Engineering and its subsidiaries, which include Scomi Rail, have been deconsolidated from Scomi Group’s consolidated financial statement as at June 30,2019.

Economic recovery stronger than first thought - Commonwealth Bank of Australia

Commonwealth Bank’s Head of Australian Economics, Gareth Aird, has indicated strong fiscal stimulus will help the Australian economy recover quickly.

CBA in strong position to weather current economic challenges

Disciplined execution of our strategy and strong operational performance continued to deliver good outcomes for our stakeholders during the September quarter.

Deutsche Bank opens cash management business in Australia

The business offers a range of services including current accounts and deposit products, domestic and cross- border payments and collections as well as liquidity management services.

Bank Islam welcomes enhancement to targeted repayment assistance

Applicants from these two categories may apply for either a three-month deferment of monthly instalments or reduction of 50% monthly instalments for six months.

NAB 2020 Full Year Result

All payments will be subject to clause 14 (“Payments”) of the Terms.

Australia's Westpac underwrites dividend payout as cash earnings plunge

FY20 cash earnings fall 62% to A$2.61 bln

Bank of Commerce profit steady at P366 million

Net interest income jumped 25.6 percent to P3.75 billion while interest expense plunged 49.7 percent to P989.4 million from P1.97 billion on lower interest rates.

Citibank facilitates SBL trades in China A-share market under new QFII

QFII was first launched in 2002 and has seen several key amendments in the past year to make it quicker and easier for foreign investors to apply for and gain QFII status.

ANZ's profit plunges by a staggering 42% as 95,000 homeowners defer their mortgage

A huge number still haven't returned to making monthly repayments

Westpac rolls out customer complaint resolution system

Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.

HSBC to accelerate restructuring plan to cut costs

HSBC has not yet said if its plan to accelerate its restructuring will mean more jobs will go.

Vietcombank profit plunges

Vietcombank, the fourth-largest lender in Vietnam in terms of assets, also reported that its Q3 revenue fell to near 4 percent year-on-year to VND11.6 trillion.

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