Managers of Wealth Asia Pacific

Maybank Singapore Limited completes transfer of business

Maybank has grown in tandem with the development of Singapore’s economy

Westpac remains positive despite remediation drag

It said additional provisions were put in place to resolve legacy product issues and costs associated with litigation.

CBA and Westpac profits to show soft retail banking backdrop

Analysts have pencilled in a small rise in Westpac's profit to about $8 billion when it reports its full-year results on Monday, while Commonwealth Bank is tipped to notch up first quarter profits of roughly $2.4 billion

CIMB Niaga 9M18 net profit up 18%

The bank’s total third party deposits stood at 194.3 trillion rupiah as at Sept 30, underpinned by a 3.7% y-o-y growth in current accounts and savings accounts.

CIMB Niaga 9MFY18 net profit up 18%

This segment continues to gain positive momentum

MUFG to buy Commonwealth Bank investment units for $2.7bn

Australian acquisition part of push into asset management field

BDO reaffirms commitment to support green financing

BDO’s $150-million green bond was the first of its kind issued by a Philippine commercial bank.

HSBC Vietnam wins global award from Visa

HSBC Vietnam receives the Visa Global Service Quality Performance Awards for having the highest international authorisation approval rate for consumer credit in 2017. Photo courtesy of HSBC Vietnam

Thrift banks’ assets up 4.82% in H1

Thrift banks’ trust accountabilities likewise fell to P9.435 billion or 14.99 percent lower compared to end-June of 2017’s P11.099 billion.

UOB applies digital onboarding across full product range

Now customers can authenticate their identity using their SingPass and consent to the use of their personal information as part of the application process.

Maybank to deepen Singapore presence with new locally incorporated subsidiary

Maybank Privilege customers enjoy dedicated services tailored to their needs, including priority banking services, access to comprehensive financial solutions, and invitations to exclusive lifestyle events.

Maharashtra State Co-operative Bank to enter retail banking through merger of UCB branches

Although the proposal is yet to be cleared by the RBI, the MSC Bank has already received a proposal of merger from the Rupee Co-operative Bank.

StanChart non-committal about Indonesian plans

This meeting is held adjacent and at the same location as the larger annual meeting of the International Monetary Fund and World Bank Group.

ANZ chief says remediation is "distracting"

The Standing Committee on Economics panel put it down to cultural problems that came from the top.

DBS to mentor social enterpreneurs in Singapore under new programme

The programme is being administered by the DBS Foundation and the bank's SME banking team.

Instant transfers now possible 24/7 at majority of financial institutions across Japan

Out of the 1,275 financial institutions using the zengin system, about 500 banks and Shinkin banks, except Norinchukin Bank, applied for the new system.

CBA fires up over Dollarmites criticism

Executive general manager of the bank's retail arm, Mark Jones said CBA is proud of its school banking program, which has been running now for 87 years.

Japanese banks welcome blockchain to fight challenger banks

Local banks and financial firms are looking into blockchain to reduce transaction time

SCB opens investment centre at Sasin

Two more branch openings are planned outside university premises this year, taking the total to 14 by year-end

With revamp complete ANZ poised to grow institutional business in Asia

The Melbourne-headquartered Australian bank expects 5pc revenue growth from its Asian institutional operations

Retail Banking