Managers of Wealth Asia Pacific

CBA approves $150 million in business loans under Coronavirus SME Guarantee Scheme

These loans will help a lot of businesses stay afloat, and keep a lot of people in jobs.

Commonwealth Bank launches coronavirus support campaign

A large scale communication campaign to clearly address our customers’ most common questions and concerns.

SoftBank to sell up to $41bn in assets to acquire shares

It had already announced a massive share buyback that prompted S&P Global Ratings to cut the firm’s outlook to negative, a move some analysts said misinterpreted the company’s health.

Citi buys Royal Bank of Canada’s custody business in Australia

It also says the deal will bolster its regional operations site in Malaysia because several RBC employees in Kuala Lumpur, the capital of the Southeast Asian country, are expected to join Citi.

SBI, seven other lenders to invest ₹10,000 crore to revive Yes Bank

In a late night notification to the exchanges, Yes Bank said 1000 crore equity shares have been allocated to these lenders.

Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources

Company founder and co-Chief Executive Cliff Zhang would want to retain a small stake after a deal, said one of them.

Standard Chartered launches new Banking Solution in Indonesia

Winters added that the Nexus solutions is potentially a ‘transformational’ platform for both Standard Chartered and its clients.

UOB Quadruples Client Engagement for Mobile Bank

Naturally, increased engagement has led to more users with referrals accounting for more than two-thirds of TMRW’s new customers.

How Hong Kong's Retail Banks Could Offset Digital Revenue Pressure

What’s more, 72 percent of Hong Kong respondents had more than one bank account compared with the global average of 58 percent.

UOB and Prudential Singapore launch the UOB Lady's Savings Account to help women grow their wealth and protect their health

First savings account in Singapore with complimentary female-related cancer insurance coverage

Bank BRI on Consolidating the payments game in ASEAN

Nicko Widjaja, the CEO of BRI Ventures shares his perspective on the need for Indonesian tech companies to unify efforts, lacking the luxury of the depth of domestic customer base that nations like China harbour.

ING and Maybank Top Creditors To Troubled Commodity Trader

Agritrade said in the affidavit it ran into financial problems around 2018 amid a declining commodities market and its funding issues were compounded after many banks halted funding.

Malaysia's CIMB Q4 profit slides 24% on provisions

Net profit for the October-December period was 848.64 million ringgit ($200.38 million) compared with 1.12 billion ringgit achieved a year prior.

COVID-19 may spoil Singapore banks' new year despite good 2019 results

Five to 10 percent of the banks’ total loans are to borrowers particularly in danger of a prolonged outbreak such as hospitality, trade, retail, food and beverage, but headwinds may be contained in the next months.

CBA launches Australian-first protection for homeowners

This comes as new research from CBA reveals a third of Australians would only be able to cover their home loan repayments for up to six months if they, their spouse or dependant passed away or was diagnosed with a terminal illness.

CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates

Banking need not be so complicated in today’s environment, and we intend to provide financial services and solutions for a better banking experience,”

OCBC expects 2% dip in 2020 revenue on virus impact; ups dividend on higher Q4 profit

The bank’s exposure to manufacturing – which will be hit by the second-order impact from the virus as supply chains get disrupted – is another 4 per cent.

Broad-Based Franchise Growth Brings UOB Record Earnings

Income from high affluent customers increased 14% year on year

Maybank Indonesia posts higher operating profit despite lower loans growth

Banking transactional fees significantly increased and became our main source of income for the bank during the period.

Australia’s strengthening housing market extends the ‘wealth effect’

Buying intentions for motor vehicles turn higher, while the impact of bushfires and coronavirus has already started to affect travel spending intentions, according to CBA HSI readings.

Retail Banking