Managers of Wealth Asia Pacific

Japan's Nomura axing jobs and bank branches to cut costs by $1 billion

The target of cutting $1 billion in costs will be achieved over the “medium term”

MUFG announces 2 of its subsidiaries will merge

With MUMSS and MUFG Bank serving as its shareholders PB Securities has provided asset management and other services to high-net-worth customers in Japan by leveraging MUFG's solid customer base

Chinese economic growth may have bottomed out, UBS says

UBS forecasts that Chinese economy would expand 6.1 percent in 2019 as China's monetary policy easing and fiscal stimulus measures offer an improved macro outlook for the second quarter of 2019.

Bank of China’s Hong Kong unit unveils first Greater Bay Area bond fund

The fund is denominated in RMB, Hong Kong dollar and Macau pataca, and is open for public subscription until April 8.

HSBC downgrades stocks in Singapore and Hong Kong

HSBC said it lowered its stance on Singapore stocks to "neutral" from "overweight," and downgraded Hong Kong equities from "neutral" to "underweight."

More than RM300m worth of unclaimed insurance benefits: BNM

BNM also said a study on the key drivers of medical claims inflation and potential cost containment measures would be published by the third quarter of 2019 to provide evidence-based analysis to inform future initiatives.

Deutsche Bank’s Merger Knife Won’t Spare Asia

A high cost base and knock-on effects from shrinkage in the U.S. mean job cuts may be unavoidable.

Goldman's China-backed fund bucks trade tensions to buy U.S. firm

The fund invested alongside Goldman to buy Boyd Corp, a Pleasanton, California-based manufacturer of rubber seals and gaskets, for $3 billion last September, the sources said.

StanChart sees trade war fears receding, eyes digital push

“Those fears are receding a bit, partly because it looks like a deal is achievable and partly because China has taken relatively modest actions to re-stimulate its economy,” he said.

Best transaction banks in South Asia and MENA revealed

Supply chain finance solutions continue to resonate for clients, feeding CFOs and treasurers' need to unlock working capital, either through supplier or distributor financing

Don’t fear the Grim Reaper … it’s technical

Banks from India, Indonesia, Russia, Turkey, Georgia, a raft of Chinese issuers across sectors, and issuers from frontier markets

Citi fires eight Hong Kong traders after review finds misconduct

A review of Hong Kong-based cash equities execution identified personal conduct that did not meet our standards and we have taken appropriate action,” the U.S. bank said in a statement to Reuters on Saturday.

BNY Mellon Debuts Service to Evaluate Environmental, Social and Governance Factors in Investment Performance

BNY Mellon clients will have the ability to view their total ESG and UNGC scores on equities at the account level versus relevant benchmarks over time.

HSBC cuts executives' pension cash allowance

We have consulted closely with shareholders and listened to their views

Yamanashi Kyoto Management Says Deutsche Bank and Commerzbank Have Initiated Merger Talks

The new potential merger would make a single lending market, by combining both assets the new company would have $2.2 trillion U.S. Dollars and over 150,000 employees.

Not just a Japanese disease: Mizuho’s woes afflict the world

Mega-bank’s problems should signal a warning for other global lenders

Standard Chartered sees better results in key markets

Asia to drive business growth, fully ready for Brexit outcome

HSBC riding on strong macro environment, expects to gain market share in next 3 years

This strategic plan envisages 5 per cent compounded annual growth, a rate which will see the bank grow its market share in a broader market where growth averages 4 per cent.

DBS bank to expand in India

The creation of a full-fledged subsidiary in India allows us to scale up further and bring to customers a more compelling proposition.

Japanese banks continue their buying spree

International asset-building seems far from over for Japanese megabanks, in a bid to diversify and seek growth opportunities away from a subdued domestic market

Investment Bank