The Asia Pacific Banking News Network http://apbankers.net/ Thu, 20 Sep 2018 21:18:27 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP ESG investment demand set to escalate in Asia News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44964/esg-investment-demand-set-to-escalate-in-asia Asian wealth managers need to factor in a younger generation who are not only concerned with the financial outcomes of their funds but also the social impact of their investments Wealth and Asset Management Vontobel's Alex Fung: «Deals Are Difficult, But Not Impossible» News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44969/vontobelamp039s-alex-fung-amplaquodeals-are-difficult-but-not-impossibleampraquo We have the funds and we have the will to acquire but we need to find the right fit,» Vontobel Asia CEO Alex Fung tells finews.asia in an exclusive interview. Wealth and Asset Management Thai Wealth Management Industry Looks Overseas to Boost Investment Offerings News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44972/thai-wealth-management-industry-looks-overseas-to-boost-investment-offerings Fixed income funds remain more popular than equity funds in Thailand, according to data from the Securities and Exchange Commission. Wealth and Asset Management China Allows Wealth Management Products to Buy Stocks Directly News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44982/china-allows-wealth-management-products-to-buy-stocks-directly Regulatory change comes as stock indexes hit multi-year lows Wealth and Asset Management Credit Suisse eager for Thai wealth pool News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44929/credit-suisse-eager-for-thai-wealth-pool Credit Suisse's Asian Family Business Report also finds that 66% of all listed companies in Thailand with market capitalisation above $50 million are family owned businesses Wealth and Asset Management Rich Asian family-owned firms create more wealth News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44932/rich-asian-family-owned-firms-create-more-wealth Financials, consumer staples and consumers discretionary makes up the top three sectors in terms of the sector contributions towards the total market capitalisation. Wealth and Asset Management HSBC steps up Singapore and Hong Kong hiring to cash in on Asian goldmine News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44933/hsbc-steps-up-singapore-and-hong-kong-hiring-to-cash-in-on-asian-goldmine The world’s ultra rich are continuing to settle in Asia with the number of HNWIs growing 12.1% to 6.2 million with total wealth holdings of US$21.59t, according to a study by Capgemini. Wealth and Asset Management Standard Chartered Private Bank integrates tech and tradition for new UK Resident non-Domiciled service News Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44908/standard-chartered-private-bank-integrates-tech-and-tradition-for-new-uk-resident-non-domiciled-service Standard Chartered’s UK RND service uses technology based safeguards to automatically segregate cashflows. Wealth and Asset Management Private bank of the year: Citi News Aggregation Team Friday, September 14, 2018 1:00 am http://apbankers.net/article/44866/private-bank-of-the-year-citi Asia Risk Awards 2018 Wealth and Asset Management Mindsets and strategies: Helping HNW clients adapt to volatility and doubt News Aggregation Team Friday, September 14, 2018 1:00 am http://apbankers.net/article/44868/mindsets-and-strategies-helping-hnw-clients-adapt-to-volatility-and-doubt The discussion, which took place in Singapore on an off-the-record basis, provided a forum for wealth management peers to debate their approaches to the current state of the global economies and financial markets. Wealth and Asset Management RWC hires Mizuho director to support A-rated Japan star News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44963/rwc-hires-mizuho-director-to-support-a-rated-japan-star RWC boss Dan Mannix said: 'The rules of the Japanese stock market have undergone radical changes in recent years; shareholder engagement strategies were essentially untried in Japan 15 years ago. Executive Moves Manulife’s Hong Kong unit names Yvonne Sin as independent director News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44965/manulifeamprsquos-hong-kong-unit-names-yvonne-sin-as-independent-director Manulife is the global asset management arm of Canadian insurer Manulife Financial Corp. Executive Moves Tencent’s investment director departs for US hedge fund News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44966/tencentamprsquos-investment-director-departs-for-us-hedge-fund Jonathan Lai’s move comes as Chinese tech group grapples with gaming crackdown Executive Moves Colonial First State Global Asset Management CEO steps down News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44970/colonial-first-state-global-asset-management-ceo-steps-down Street Talk understands Lazberger informed staff of his decision to step down on Thursday morning. Executive Moves FPA appoints former ASFA adviser News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44973/fpa-appoints-former-asfa-adviser Whitton has more than 20 years of experience in financial planning, superannuation fund management and advocacy experience. Executive Moves Powerwrap appoints head of operations News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44975/powerwrap-appoints-head-of-operations Andrew is a highly experienced operator and well suited to this role, where he will be responsible for delivery and control of the broad range of services and capabilities that Powerwrap provides its clients Executive Moves Avaloq strengthens its Group Executive Board News Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44990/avaloq-strengthens-its-group-executive-board Avaloq’s front and back office products and its SaaS and BPaaS solutions continue to win new customers and deliver significant value for established customers as the digital transformation of the financial services sector continues. Executive Moves Boutique adds insto distribution lead News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44948/boutique-adds-insto-distribution-lead A boutique fund manager is welcoming a former Deutsche Asset Management senior executive to a newly-created role. Executive Moves Capital Group appoints two senior executives for global relationship team News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44924/capital-group-appoints-two-senior-executives-for-global-relationship-team Mr. Chan will focus on the financial intermediary market in Hong Kong in his new role. Executive Moves HSBC Names New Wealth Head News Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44928/hsbc-names-new-wealth-head He was appointed a Group Managing Director and joined the Group Management Board in October 2013. Executive Moves Schroders and UOB AM join fund passport scheme News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44959/schroders-and-uob-am-join-fund-passport-scheme Seven fund managers have joined the cross-border Asean Collective Investment Scheme since it opened in 2014. Legal, Regulation & Compliance Guernsey connections explored in Hong Kong News Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44991/guernsey-connections-explored-in-hong-kong Trident Trust launched the Guernsey element of its global fund administration business in 2004, after it received a request from its Hong Kong office to administer a Cayman fund structure. Legal, Regulation & Compliance Leading offshore law firm advises Singapore family office on £180m London property deal News Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44984/leading-offshore-law-firm-advises-singapore-family-office-on-amppound180m-london-property-deal Working alongside onshore counsel Clifford Chance, the firm advised on all Jersey legal and regulatory aspects of the purchase, which was completed by way of acquisition of a Jersey Property Unit Trust (JPUT). Legal, Regulation & Compliance SFC bans a former relationship manager of HSBC for 12 months News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44994/sfc-bans-a-former-relationship-manager-of-hsbc-for-12-months The customer data leakage was immediately detected by HSBC’s email monitoring system before Ngo joined another bank in a similar capacity the following day. Legal, Regulation & Compliance Few countries are pricing carbon high enough to meet climate targets News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44936/few-countries-are-pricing-carbon-high-enough-to-meet-climate-targets New carbon pricing initiatives in some countries, such as China’s emissions trading scheme and renewed efforts in Canada and France to price carbon, could significantly reduce these gaps. Legal, Regulation & Compliance Politician arrested in London for ‘money laundering’ News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44937/politician-arrested-in-london-for-amplsquomoney-launderingamprsquo The couple allegedly controls a UK property portfolio with more than 8 million pound for which they appear to have no legitimate source of income. Legal, Regulation & Compliance Singapore’s new investment fund structure gets thumbs up News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44938/singaporeamprsquos-new-investment-fund-structure-gets-thumbs-up The move comes a year-and-a-half after MAS, the city state’s central bank and capital market regulator, held a month-long public consultation on the plan in March 2017. Legal, Regulation & Compliance Indonesia woos millennials with 7.3t rupiah of online retail savings bonds News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44953/indonesia-woos-millennials-with-73t-rupiah-of-online-retail-savings-bonds Nearly 80 per cent of the 21,672 investors were new, with about 41 per cent of them aged 18 to 38 years, which the ministry categorised as "millennials". Legal, Regulation & Compliance Former Macquarie advisers banned News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44952/former-macquarie-advisers-banned The corporate regulator's new Financial Services and Credit Panel found Landau and Campbell had deliberately engaged in conduct that was dishonest and involved knowing and willful contraventions of law. Legal, Regulation & Compliance Trade wars step up, more to come News Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44931/trade-wars-step-up-more-to-come China may bide its time, but we expect they will follow with tariffs on a further $60 billion of imports from the US. Legal, Regulation & Compliance Ping An to cast tech spotlight on Singapore’s wealth market News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44992/ping-an-to-cast-tech-spotlight-on-singaporeamprsquos-wealth-market Its mobile application ‘Lu Global’ is being opened to Singapore-based clients with an minimum of US$1,000 to invest FinTech Investree to be first P2P distributor of upcoming Indonesia gov’t sukuk issue - CEO News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44944/investree-to-be-first-p2p-distributor-of-upcoming-indonesia-govamprsquot-sukuk-issue-ceo Details of the upcoming sukuk have not been revealed but Gunadi is optimistic of its size based on the success of the conventional bond issuance. FinTech China Cybersecurity and Data Protection: What you need to know about China's own GDPR News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44956/china-cybersecurity-and-data-protection-what-you-need-to-know-about-chinaamp039s-own-gdpr The Standards are the first set of national standards on personal information protection and are a key step to implementing the personal information protection provisions in the Cyber Security Law. FinTech FS firms admit spending £1m on wasted digital transformation News Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44958/fs-firms-admit-spending-amppound1m-on-wasted-digital-transformation These findings suggest that right now many organisations are failing to follow through on these important projects, leaving organisations heavily out of pocket and at a digital disadvantage. FinTech Avaloq upgrades open software architecture designed to make banks more agile News Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44909/avaloq-upgrades-open-software-architecture-designed-to-make-banks-more-agile The upgrade to Avaloq’s open software architecture allows financial institutions to consolidate IT operations onto a single platform. FinTech Fintech firms to get access to Singapore's real-time payment system News Aggregation Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44913/fintech-firms-to-get-access-to-singaporeamp039s-real-time-payment-system Singapore will form a Direct FAST industry working group FinTech SBI Nears Launch Ripple Blockchain Payments App ‘MoneyTap’ in Japan News Aggregation Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44916/sbi-nears-launch-ripple-blockchain-payments-app-amplsquomoneytapamprsquo-in-japan MoneyTap’s website does not provide a specific launch date for the mobile app but does reveal the user interface (UI) while confirming the proposed launch, in fall this year (September-December). FinTech Crypto Giant Huobi Invests in Lux Regtech Startup News Aggregation Team Friday, September 14, 2018 1:00 am http://apbankers.net/article/44885/crypto-giant-huobi-invests-in-lux-regtech-startup Huobi is the world’s third largest digital currency exchange by daily trading volume. FinTech Mobile app to offer free wealth management solutions News Aggregation Team Thursday, September 13, 2018 1:00 am http://apbankers.net/article/44843/mobile-app-to-offer-free-wealth-management-solutions The actions then form the basis of a masterplan for all future financial and investment decision making. FinTech Indian Government Approves Bank's Blockchain Research News Aggregation Team Thursday, September 13, 2018 1:00 am http://apbankers.net/article/44853/indian-government-approves-bankamp039s-blockchain-research The approval is ex-post facto, meaning that Exim Bank has already signed a Memorandum of Understanding under the BRICS Interbank Cooperation Mechanism FinTech China’s Hillhouse Capital Raises $10.6 Billion for a New Fund News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44960/chinaamprsquos-hillhouse-capital-raises-106-billion-for-a-new-fund The early backer of Tencent and Uber closed the largest-ever capital raise by a private-equity firm in Asia Alternative Investments Causeway Capital CEO eyes banks in the royal commission spotlight News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44962/causeway-capital-ceo-eyes-banks-in-the-royal-commission-spotlight The royal commission into the financial sector has unearthed a litany of woes, with multiple examples of systemic unethical behaviour unveiled in spectacular fashion. Alternative Investments NH Financial Group Pushes Globalization and Digitalization News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44971/nh-financial-group-pushes-globalization-and-digitalization The group aims to secure 10 percent of its net income from global operation by 2022 and set up digital finance with Big Data at center Alternative Investments Easton buys SMSF service provider News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44974/easton-buys-smsf-service-provider Accountants have been engaged with SMSFs in some form or the other for a long time, even if it was only to do their books Alternative Investments Pengana merger pays off for WHSP News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44981/pengana-merger-pays-off-for-whsp The total value of WHSP's financial services portfolio now sits at $414 million and contributed $16.4 million to the company's overall $331 million regular profit - its highest ever and 17.4% up on last year. Alternative Investments Indonesia woos millennials with 7.3t rupiah online retail savings bonds News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44939/indonesia-woos-millennials-with-73t-rupiah-online-retail-savings-bonds The government attached a floating rate to the bonds with a floor of 8.05 per cent. Alternative Investments Indonesian billionaire family reshuffles healthcare empire on currency rout News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44941/indonesian-billionaire-family-reshuffles-healthcare-empire-on-currency-rout Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout. Alternative Investments Growing prime-age population to boost PHL banks News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44942/growing-prime-age-population-to-boost-phl-banks The report added that the Philippines’ total dependency ratio, or the number of people below 15 and above 65 per 100 people, will shrink by two percentage points from last year to 2030. Alternative Investments Canada’s CDPQ acquires 40% stake in CLP India for 26.4 billion rupees News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44943/canadaamprsquos-cdpq-acquires-40-stake-in-clp-india-for-264-billion-rupees The move is in line with the pension fund’s aim to boost its low-carbon investments, and also gives it exposure to a key Asian market. Alternative Investments Quicker and more effective solutions - for advisers and clients News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44949/quicker-and-more-effective-solutions-for-advisers-and-clients This is why Peh insists that the more than 200 advisers and wealth managers who work with him should continually upgrade their own knowledge base and skills. Alternative Investments China’s new income tax laws to bring ‘profound implications’ News Aggregation Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44919/chinaamprsquos-new-income-tax-laws-to-bring-amplsquoprofound-implicationsamprsquo In Mid-June this year, the Chinese Gpvernment announced changes to the country’s individual income tax laws, which will come into effect on January 1st, 2019. Tax NTS to expand probe into offshore tax evasion News Aggregation Team Thursday, September 13, 2018 1:00 am http://apbankers.net/article/44842/nts-to-expand-probe-into-offshore-tax-evasion The agency has conducted audits twice this year to collect an additional 541 billion won. Tax Expert: Joining CRS means a new era of tax transparency News Aggregation Team Sunday, September 09, 2018 1:00 am http://apbankers.net/article/44755/expert-joining-crs-means-a-new-era-of-tax-transparency The move is part of the Common Reporting Standards, or CRS – an international agreement on sharing tax information. Tax How New Treaties Will Affect Corporate Taxes In Japan News Aggregation Team Friday, September 07, 2018 1:00 am http://apbankers.net/article/44730/how-new-treaties-will-affect-corporate-taxes-in-japan This agreement will introduce various significant changes to many of Japan's bilateral Tax The Seventh Individual Income Tax Law Reform in China – A Breakthrough News Aggregation Team Friday, September 07, 2018 1:00 am http://apbankers.net/article/44748/the-seventh-individual-income-tax-law-reform-in-china-ampndash-a-breakthrough Companies and multinational corporations in China should be well-informed of the proposed changes to the income tax law so they can prepare themselves to comply with the new requirements. Tax China Starts Sharing Income Data to End Global Tax Loopholes News Aggregation Team Tuesday, September 04, 2018 1:00 am http://apbankers.net/article/44681/china-starts-sharing-income-data-to-end-global-tax-loopholes Policy makers in Beijing are working to reform the income tax system Tax India black money clampdown ‘not working’ News Aggregation Team Friday, August 31, 2018 1:00 am http://apbankers.net/article/44609/india-black-money-clampdown-amplsquonot-workingamprsquo Indian prime minister withdrew high value rupee notes from circulation in 2016 Tax Perpetual reports $140m profit, investments business dips News Aggregation Team Thursday, August 30, 2018 1:00 am http://apbankers.net/article/44573/perpetual-reports-140m-profit-investments-business-dips "Market conditions have been challenging for Perpetual Investments, although a number of product extensions are gaining traction and attracting inflows," Perpetual interim chief executive Chris Green said. Tax Former Oswal adviser hit with $34 million tax bill over offshore deposit News Aggregation Team Wednesday, August 29, 2018 1:00 am http://apbankers.net/article/44535/former-oswal-adviser-hit-with-34-million-tax-bill-over-offshore-deposit The tax office assessed the tax liability based on the transfer of $US21 million from Oswal-linked Maruti Holdings to the Luxembourg bank account of Virgin Islands-entity Sinclair Strategies in 2006-07. Tax Tax incentives on the way to help promote insurance sector, Financial Secretary says News Aggregation Team Wednesday, August 29, 2018 1:00 am http://apbankers.net/article/44536/tax-incentives-on-the-way-to-help-promote-insurance-sector-financial-secretary-says China’s reinsurance market was valued at HK$273 billion (US$34.78 billion) in 2013 and is expected to reach up to HK$1.54 trillion by 2020. Tax The Rise of Investment Migration News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44961/the-rise-of-investment-migration Demand for alternative residence and citizenship is now driving thousands of individuals to investment migration programs each year. Comment, Analysis & Research Impact banking: Putting the impact back into Islamic finance News Aggregation Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44983/impact-banking-putting-the-impact-back-into-islamic-finance Islamic finance has become too focused on getting arcane structures to be technically Shariah compliant, but a new initiative in Malaysia attempts to make Islamic finance socially positive once more – and to measure its success. Comment, Analysis & Research World Retail Banking Report 2018: Banks must respond to soaring customer expectations as non-traditional competition looms News Team Thursday, September 20, 2018 1:00 am http://apbankers.net/article/44989/world-retail-banking-report-2018-banks-must-respond-to-soaring-customer-expectations-as-non-traditional-competition-looms The report also surveyed banking executives about the main causes of industry disruption. Comment, Analysis & Research Why Hong Kong should pause before cheering ‘ultra-rich’ win over New York News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44945/why-hong-kong-should-pause-before-cheering-amplsquoultra-richamprsquo-win-over-new-york The government might believe that healthy economic development should be able to narrow the glaring wealth gap. Comment, Analysis & Research Flying taxis? Bell Helicopter sees such a service taking off in Singapore News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44946/flying-taxis-bell-helicopter-sees-such-a-service-taking-off-in-singapore With its latest and most lightweight chopper, the highly manoeuvrable Bell 505, said to have been well-received in Asia since the aircraft’s entry into the region this year Comment, Analysis & Research The value of offshore M&A deals in the first half of 2018 nearly matched the total recorded for the entirety of 2017 News Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44955/the-value-of-offshore-mampampa-deals-in-the-first-half-of-2018-nearly-matched-the-total-recorded-for-the-entirety-of-2017 Last year saw new highs for offshore IPOs and that momentum has continued into 2018, with 180 companies announcing their intention to go public in the first half of the year. Comment, Analysis & Research GUERNSEY: International, China and Asia Pacific report News Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44957/guernsey-international-china-and-asia-pacific-report More than 100 people attended our China Update at the OGH on 6 September, and we are pleased that interest is growing in this exciting market. Comment, Analysis & Research HSBC to Bolster Asia Private Banking, Double Client Assets News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44920/hsbc-to-bolster-asia-private-banking-double-client-assets On September 11, 2011 HSBC displayed its logo at its headquarter in HONG KONG china, the private banking plan for expansion Comment, Analysis & Research China's tech boom leaves wide rich-poor chasm News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44930/chinaamp039s-tech-boom-leaves-wide-rich-poor-chasm Wealthy grow wealthier while millions are trapped in low-level jobs Comment, Analysis & Research Deutsche Loses North Asia COO News Aggregation Team Tuesday, September 18, 2018 1:00 am http://apbankers.net/article/44934/deutsche-loses-north-asia-coo Deutsche Bank has lost the operating chief for its wealth management business in north Asia, finews.asia can reveal exclusively. Comment, Analysis & Research HSBC Singapore beefing up commercial banking division News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44940/hsbc-singapore-beefing-up-commercial-banking-division It's hiring to support international companies here and across Asean Retail Banking New Silk Road Finance Awards 2018 Middle East & Africa: Best Chinese bank in the region for BRI News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44947/new-silk-road-finance-awards-2018-middle-east-ampamp-africa-best-chinese-bank-in-the-region-for-bri Agricultural Bank of China Retail Banking NAB cuts bonuses for executives News Aggregation Team Wednesday, September 19, 2018 1:00 am http://apbankers.net/article/44950/nab-cuts-bonuses-for-executives This variable reward will be paid 40% in cash at the end of the financial year. Retail Banking NAB keeps mortgage rates on hold at 5.24% 'to rebuild customer trust' News Aggregation Team Monday, September 10, 2018 1:00 am http://apbankers.net/article/44767/nab-keeps-mortgage-rates-on-hold-at-524-amp039to-rebuild-customer-trustamp039 Bank to leave standard variable rate unchanged despite lift in rates by Westpac, Commonwealth and ANZ Retail Banking BDO bags multiple honors at Asian Banking and Finance Awards 2018 News Aggregation Team Sunday, September 09, 2018 1:00 am http://apbankers.net/article/44757/bdo-bags-multiple-honors-at-asian-banking-and-finance-awards-2018 Bank through wholly-owned BDO Capital & Investment Corporation also won a string of awards at the newly-created category Retail Banking RHB grows Q2 net profit by 12.2% News Aggregation Team Friday, August 31, 2018 1:00 am http://apbankers.net/article/44620/rhb-grows-q2-net-profit-by-122 The group made a net profit of RM570.3 million, compared with RM501.0 million for the same quarter in the preceding year. Retail Banking Alliance Bank posts highest quarterly net profit in three years News Aggregation Team Friday, August 31, 2018 1:00 am http://apbankers.net/article/44621/alliance-bank-posts-highest-quarterly-net-profit-in-three-years Return on equity improved to 10.2%, a ratio in line with guidance," said its group chief executive officer Joel Kornreich in a statement today. Retail Banking Hong Leong Financial's quarterly net profit jumps 75.5% News Aggregation Team Wednesday, August 29, 2018 1:00 am http://apbankers.net/article/44545/hong-leong-financialamp039s-quarterly-net-profit-jumps-755 Higher non-interest income, lower tax, commercial banking drive earnings growth Retail Banking Bank of China posts 5 per cent rise in first-half profit News Aggregation Team Wednesday, August 29, 2018 1:00 am http://apbankers.net/article/44547/bank-of-china-posts-5-per-cent-rise-in-first-half-profit The improved interest margin was partially a result of three rounds of reserve requirement ratio (RRR) cuts by the central bank between January and June, which reduced the amount of cash banks are required to hold as reserves. Retail Banking Japan's regional banks struggling to survive, some eyeing realignment News Aggregation Team Thursday, August 23, 2018 1:00 am http://apbankers.net/article/44429/japanamp039s-regional-banks-struggling-to-survive-some-eyeing-realignment Special demand generated by the reconstruction of disaster-hit areas has shrunk, causing the local economy to slump. Retail Banking China UnionPay kicks off European expansion with UK launch News Aggregation Team Monday, September 17, 2018 1:00 am http://apbankers.net/article/44907/china-unionpay-kicks-off-european-expansion-with-uk-launch World’s biggest payment card issuer challenges US rivals Visa and Mastercard Investment Bank Ripple’s New MoneyTap App Could Dominate Japanese Bank Transfers News Aggregation Team Friday, September 14, 2018 1:00 am http://apbankers.net/article/44865/rippleamprsquos-new-moneytap-app-could-dominate-japanese-bank-transfers The page itself gives a projected launch date of autumn 2018. Investment Bank Morgan Stanley CEO James Gorman is the Australian fixing Wall St culture News Aggregation Team Friday, September 14, 2018 1:00 am http://apbankers.net/article/44872/morgan-stanley-ceo-james-gorman-is-the-australian-fixing-wall-st-culture But friends say he regularly opens doors for Australians in the United States, such as introducing Malcolm Turnbull to Wall Street heavyweights last year when the then prime minister visited to meet President Donald Trump. Investment Bank HSBC Singapore to relocate to Marina Bay Financial Centre in 2020 News Aggregation Team Thursday, September 13, 2018 1:00 am http://apbankers.net/article/44861/hsbc-singapore-to-relocate-to-marina-bay-financial-centre-in-2020 The total rent payable by HSBC for the extended term from April 30 next year is S$27.7 million. Investment Bank Raymond James Financial Services Advisors Inc. Acquires New Holdings in Sumitomo Mitsui Financial Grp, Inc. News Aggregation Team Monday, September 10, 2018 1:00 am http://apbankers.net/article/44770/raymond-james-financial-services-advisors-inc-acquires-new-holdings-in-sumitomo-mitsui-financial-grp-inc Several other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Sumitomo Mitsui Financial Grp by 8.8% during the 1st quarter. Investment Bank Chinese firms look to smaller foreign buys, UBS China boss says News Aggregation Team Friday, September 07, 2018 1:00 am http://apbankers.net/article/44729/chinese-firms-look-to-smaller-foreign-buys-ubs-china-boss-says Many Chinese companies are looking to partnerships and acquisitions abroad in order to sustain high growth rates and deliver the high quality foreign brand names sought out by China’s emerging middle class. Investment Bank National Australia Bank backs away from grandfathered commissions News Aggregation Team Tuesday, September 04, 2018 1:00 am http://apbankers.net/article/44679/national-australia-bank-backs-away-from-grandfathered-commissions The bank said that the move will benefit nearly 32,000 superannuation and investment clients, who will receive fee rebates and reductions worth around A$11m ($79,09,401.5) from January next year Investment Bank Fullerton, Bank of China acquire 27 community lenders for $235m News Aggregation Team Friday, August 31, 2018 1:00 am http://apbankers.net/article/44591/fullerton-bank-of-china-acquire-27-community-lenders-for-235m The firm acquired 15 community banks from China Development Bank in 2017. Investment Bank Malayan Banking's 2Q net profit rises 18.1% News Aggregation Team Friday, August 31, 2018 1:00 am http://apbankers.net/article/44592/malayan-bankingamp039s-2q-net-profit-rises-181 Islamic banking drives growth, lower provisioning also helps Investment Bank Fund managers mostly warm to Westpac interest rate hike News Aggregation Team Thursday, August 30, 2018 1:00 am http://apbankers.net/article/44576/fund-managers-mostly-warm-to-westpac-interest-rate-hike Banks have been struggling to grow profits as they have exited areas such as wealth management, credit growth has deteriorated and regulatory costs, capital requirements and offshore funding costs have risen. Investment Bank