Managers of Wealth Asia Pacific

Xiaomi’s Airstar Bank Debuts as Hong Kong’s Second Virtual Bank

Airstar Bank is owned 90% by Xiaomi and 10% by Hong Kong-based investment banking firm AMTD Group. The bank won a license in May 2019 and started a pilot run in March.

CBA cracks down on tech-driven abuse

The Commonwealth Bank of Australia has taken steps to tackle the issue of technology-facilitated abuse after it identified customers sending potentially abusive messages in banking transaction descriptions.

SBI Q4 Results: Profit More Than Quadruples Aided By One-Time Gain

The state-run bank’s net interest income fell less than a percent year-on-year to Rs 22,766 crore. Analysts had forecast NII at Rs 25,403 crore. SBI’s asset quality improved over the January-March quarter.

Japan’s Banking Minnows Swim in Risky Waters

It’s questionable whether seeking better growth opportunities overseas offers a path out of their troubles, though, especially when coronavirus lockdowns have devastated economies across the globe.

CBA Moves On Technology FAcilitated Abuse

Commonwealth Bank is taking steps to address the issue of technology-facilitated abuse to provide a safer banking experience for customers.

ANZ Sells NZ Asset Financing Business

ANZ has for several years tried to sell UDC, and in early 2018 nixed a NZ$660 million ($461 million) deal with Chinese conglomerate HNA for the business

Philippines gets $400mln ADB loan to develop capital market

The policy-based loan will help the Southeast Asian economy grow its government and corporate bond markets and expand its investor base

HSBC To Restart Restructuring, Eyes Deeper Job Cuts

It is also planning to further invest in growth areas like Asia and the Middle East.

HSBC to sell US retail arm as part of more 'drastic' overhaul: reports

It is understood the board's review of what is already the biggest overhaul in the bank's 155-year history will involve deeper job cuts.

BIBD ‘Best Retail Bank in Brunei’ for eight consecutive years

The latest award comes after the bank was named Best Islamic Bank in Brunei by Global Finance Magazine and Best in Islamic Finance Asia Pacific 2020 by the International Investor.

Another Digital Bank to Launch in the Philippines

It remains unclear whether the OFBank will actually be “the first” all-digital banking platform in the country.

Maybank Posts Q1 Profit Growth

The full effects of rate cuts across key markets will show in 2Q income, with net interest margin expected to compress 15bps in the current rate environment, Maybank said in its outlook for 2020.

Maybank opens third Premier Wealth lounge at new branch

The relocation and expansion of the Toul Kork branch affirms Maybank’s assurance that there is no disruption to any of its services arising from the outbreak of COVID-19.

Count Financial makes growth-focused hire

"Chris's appointment will help us deliver on this strategy."

Major Japan banks' profit to fall 23% in FY 2020 amid virus spread

Resona Holdings Inc. said it expects to post a net profit of 120 billion yen, down 21.3 percent.

Canara Bank launches gold loan business vertical to ease liquidity

Public sector Canara Bank said on Monday it has launched a business vertical dedicated for gold loans to meet emerging financial needs of customers in view of the current challenges and uncertainties.

NAB to hire 400 staff to help assess COVID customer status

The bank later confirmed more than 500 customers had reversed their home loan repayment pause to date.

HSBC, Citi speed up digital push to ward off Asian upstarts

With branches shut, customers social distancing and fearful of tainted cash, the brick-and-mortar giants are seeing a surge in demand for digital services for everything from wealth management to insurance.

Daniel Sandmeier: «Asia is Next Logical Step»

The platform gives them transparency via a price-finding mechanism.

CBA 3Q20 Trading Update

Commonwealth Bank of Australia has today released its trading update for the quarter ended 31 March 2020.

Retail Banking