CBA readies wealth demerger, records $9.2bn cash profit

Investors looking to buy Commonwealth Bank's demerged wealth management arm now have a clearer picture about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years.


KB Kookmin re-enters Indonesian market

It marks the bank's re-entrance into Indonesia 10 years since it exited from the Southeast Asian country by selling off its stake in BII Bank to Malaysia's Maybank in 2008.


BDO retains Best Bank standing

“The competition was extremely tight this year, with numerous financial institutions proving their resilience in a difficult regulatory and banking environment,” Finance Asia said in the announcement of winners.