Investment Banking

NAB joins Australian exodus from wealth management business

The bank’s MLC subsidiary will be sold by the end of 2019.

Bank of Singapore bullish on Middle East prospects

AUM in Dubai grew about 30% from its launch in 2016.

India's private banks profit from demonetisation drive

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

PT Bank Mandiri teams up with Lombard Odier to boost offshore business

The bank’s subsidiary will offer a more diversified portfolio to lure asset repatriation.

China's RRR cut cushions lenders against impact of shadow banking crackdown

The cut aims to encourage banks to move from WMPs to deposit funding.

Credit Suisse gets go-signal for Philippine wealth management business

It has received a license from the country’s regulator and central bank.

ICBC Singapore unveils investment banking services

Property owners and developers are the initial target clientele.

China relaxes informal deposit rate ceiling for commercial banks

This may help Beijing curb growing shadow banking activity.

Chinese private banks lead Asia's wealth management business

The assets of top Chinese onshore private banks grew 25.5% whilst Asia rose by a mere 7.4% in 2013-2017.

Asian private banking assets hit $2.01t in 2017

The world’s wealthy are increasingly turning to Asia.

Global asset managers in China: Opportunities arising from structural reform

This is now an inflection point for foreign asset managers as China vows to allow foreign players to take controlling stakes and operate domestically...

HDFC Bank appoints Rahul Shukla as head of corporate and business banking

He will report to Kaizad Bharucha, wholsesale banking executive director.

Siam Commercial Bank ties up with Julius Baer for wealth management venture

SCB’s high net worth clients can tap on on the Swiss private bank’s expertise and advising services.

China's “matryoshka” approach for debt-to-equity swaps could be good for banks, but bad for investors

Chinese banks seem to have made meaningful progress in the resolution of problem loans. The aggregate amount of the announced debt-to-equity (D/E)...