Managers of Wealth Asia Pacific

Tech slump forces big four banks to slash VC outfits

Westpac will not proceed with a fourth venture fund, after the bank and the Reinventure team were unable to agree on terms

Singapore banks look to wealth segment, interest margins growth after strong Q2 results

The three banks all warned of slowing economic growth.

UBS Jettisoning Credit Suisse's Asia Lending Business

These riskier assets would be placed into a «non-core unit,» in which businesses are bundled, which UBS wants to separate.

Foreign bank lending to Australian offices hits record as local banks retreat

Loans from Australia's biggest banks fell A$2.3 billion to A$83 billion over the same period, similar to levels in late 2021, the data showed.

UOB: Higher Interest Income Drives Profit Growth

Total income grew 31 percent to S$3.5 billion with net interest income also increasing 31 percent to S$2.4 billion, driven by a 45 basis point expansion in net interest margin.

Bank of Korea tweaks lending facility to boost liquidity

For non-bank financial institutions, which are not eligible for the facility under the Bank of Korea Act, the central bank said it would make swift decisions to provide liquidity support in case of any trouble.

ADB maintains growth forecast for Asia and the Pacific

The inflation outlook for 2024, meanwhile, is raised to 3.4 per cent from an earlier estimate of 3.3 per cent.

HSBC pledges India wealth commitment over Michelin star meal

HSBC’s efforts to convince prospective Indian clients that its wealth management services in the country will not make a retreat again is a linchpin for its ambitious plans there.

SMFG and Atrae Reach Basic Agreement to Establish a Joint Venture

Atrae’s vision is to create a company that attracts people all over the world.

Strong Singapore dollar sees central bank incur record S$30.8 billion net loss

“They do not affect the external purchasing power of the OFR. Thus, they do not affect MAS’ ability to conduct monetary policy or support financial stability,”

New players can enter South Korea’s banking sector for first time in 30 years

Daegu Bank, a regional banking unit of DGB Financial Group, may become the first firm to take advantage of the expanded rule, with an intention to transform into a nationwide bank, according to the statement.

A newly merged Indian bank is set to become bigger than HSBC and Citigroup

Merging HDFC Bank and mortgage lender HDFC will create a $172 billion entity

Changes of Executive Officers

Mizuho Financial Group, Inc. hereby announces changes of Executive Officers of the following entities within the Group

Mizuho Bank receives Best Asian International Cash Management Bank in Asia Pacific award from The Asian Banker

The Asian Banker is a media company specializing in finance in Asia.

Commonwealth Bank outage leaves customers unable to access money, use CommBank online

Others received error messages when trying to use the NetBank online banking service and the CommBank mobile app.

NAB progresses closure of custody arm

The group confirmed clients who choose to move over are expected to begin transitioning in the next 12-18 months.

Japan Eyes China Banking Risks

Currently, the FSA is just seeking insights and information without giving any specific directions for actions that banks need to take. The regulator’s request to look into China-related geopolitical risks was made in May, the report added.

JPMorgan's Commercial Bank Enters Singapore

That’s one of the reasons we’re so excited about continuing to build out our innovation economy business in markets

Bank of China to start operations in Riyadh this year, says official

The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.

Asia’s biggest Islamic lender Maybank to boost GCC lending and focus on the wealthy

Malaysia-based bank expects its financing book and assets under management in the region to account for 5% of its balance sheet by 2030, chief executive says

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