It may look like ANZ has been downsizing Asia operations with its recent asset sales, but the CEO said it's merely "tweaking our strategy."
Moody’s raised the outlook for Singapore banks to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions.
Parwati Surjaudaja, Bank OCBC NISP, says the bank's decision was driven by more than just the Indonesian government's tax amnesty program.
Singapore's second largest lender by assets OCBC said Monday its Indonesian subsidiary will start a private banking unit.
Most Asian indexes closed higher on Thursday, following a mixed close stateside.
OCBC announced Thursday it is buying NAB's private wealth business in Singapore and Hong Kong – the latest sign of consolidation in Asia's wealth industry.
Markets in Asia were subdued in Tuesday trade, with investors focused on the South Korean election and Australian federal budget.
Singapore's second-largest listed lender said first quarter earnings were aided by wealth management and insurance.
Asian markets were mixed on Wednesday, as Wall Street's rise was offset by disappointment with Apple earnings, as traders eyed the Fed.
Asia markets closed mixed as traders parsed the RBA decision's to hold steady, key bank earnings in Australia and Singapore, and the dollar.
Singapore's top lender, DBS Group Holdings reported first quarter earnings.
Shares of Singapore banks led gains in the city state's benchmark index in early trade Friday after UOB reported better than expected financial results.
Asian equities were mixed on Monday as investors mulled headlines out of the G-20 finance ministers meeting in Germany at the weekend.
Singapore-listed Ezra Holdings has filed for Chapter 11 Bankruptcy Protection in the United States.
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday.
A firm tied to Singapore's Ezra Holdings, EMAS Chiyoda Subsea, filed for bankruptcy protection in the U.S. after it said it ran out of money to repay debt.
Troubles in the oil and gas sector may be over for Singapore banks, but economic uncertainties expected to persist through 2017 may hinder growth.
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 percent on-year to S$739 million.
Singapore's top lender said net profit in the fourth quarter of 2016 fell nearly 9 percent from a year ago to S$913 million.
Asian markets were mostly lower on Tuesday, as pussyfoot investors look to the Federal Reserve chair's two-day congressional testimony.