Managers of Wealth Asia Pacific

IDBI Bank opens processing in 3 cities for Iran trade

IDBI received the nod to handle import-export transactions with Iran in early March.

CIMB launches future of work centre, targets 15% to have digital skills by 2023

FOWC is the platform to enable its workforce who have been upskilled/reskilled into their new roles in order for them to fully reap the benefits of their training.

MUFG Bank to trim headquarters staff by half

3,000 employees will be relocated to overseas branches and sales divisions

DBS Q1 profit up 9% to $1.65b

Net interest margin, a common measure of profitability, also expanded 5bp to 1.88% amidst higher rates in Singapore and Hong Kong.

Chief economist update: Lock in two RBA rate cuts

This missed market expectations for an already sharp slowdown to 1.5%.

'Serious concern': Union to take on CBA over job cut claims

CBA has labelled the claims on job cuts "misleading" and denied outright reports that it would close hundreds of branches.

[Female Finance Leaders] Corporate Korea on track to welcoming more female leaders: Woori Bank executive VP

But a turning point came when she found out that an opportunity to work in the loans department, a front-end post, had been taken away by a male supervisor.

China Merchants in Talks to Replace Ousted Djibouti-Bank Partner

IZP Group’s Globebill Technology Co. was among third-party payment companies fined by China’s foreign-exchange regulator for violating rules on cross-border payments, Beijing-based Caixin Global reported in February.

NAB bid to stop meltdown in mortgage broker business

AFG says NAB has lost market share across fixed interest, investor, homeowner and refinancing over the past 12 months.

World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019

After months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.

6 Islamic banks eye PH branches

These banks could help provide financing for Halal projects and investments in the Philippines.

Clime expands retail offer

“It’s becoming quite evident that self-directed investors, and especially self-managed super fund (SMSF) trustees, want ease of access to professional investment managers, and that is what the OpenInvest platform offers,” Clime’s c

Banking on a FinTech Future

Most customers will transfer funds, make payments and check account balances through their mobile app.

Redefining Banking

She therefore welcomes moves such as the recent introduction by the Hong Kong Monetary Authority of the Faster Payment System, which connects banks and stored-value facilities to a new integrated payment platform, enabling instant transfers across

Frequent withdrawals will impair your Employee Provident Fund

The EPF corpus will help in your post-retirement life and for any emergency or special situation

Chinese banks boost fintech spending and launch services to counter competition from internet giants

China Construction Bank and China Merchant Bank use fintech to deliver cross-border services in the Greater Bay Area

How the banks keep the sweetest morsels

Broken down to its essence, this statement declared that Westpac was not only exiting a business heavily exposed to an increasingly costly regulatory burden, but that it was also drawing a line under acknowledged and potential losses.

Trade war, Brexit could slow Asia's growth: ADB

For 2020, the region is forecast to grow 5.6%, which would be the slowest since 2001.

Japan’s banks can’t blame BOJ for their problems, new head of lobby says

Although Takashima said he agreed with much of his predecessor’s comments, he stressed that banks themselves were responsible to execute their businesses under the central bank’s monetary policy.

StanChart vies for a bigger play in Singapore with latest consolidation move

The consolidation move is expected to be completed by May 13, 2019.

Retail Banking