Tag: financial

Retail Asia22/08/2023
index-stock-trade-indonesia-ihsg.jpg
2min0
Vietnam’s benchmark VN-Index rose 0.15% to 1,179.76 points Monday. The index closed 1.77 points higher after losing 55.49 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 38.49% to VND22.17 trillion ($930.73 million). CTG of state-owned lender VietinBank led with a 4.2% rise, followed by BID of state-owned lender BIDV, […]

Retail Asia18/07/2023
ey-1280x854.jpg
3min0
UBS selects EY as its auditor for the expanded bank following its takeover of Credit Suisse in March. PwC will audit Credit Suisse’s books for 2023. EY will have lots more work to do at UBS starting next year, having been retained to audit the merged entity starting next. The Big Four firm has been […]

Retail Asia30/06/2023
Hsbc-logo-1280x720.jpeg
3min0
HSBC’s Swiss private banking unit is hiring a whole range of new staff from major banks and Geneva-based competitors like Lombard Odier. HSBC Private Bank (Switzerland) has been busy recruiting and strengthening its offshore business from Switzerland in the first half of the year, according to a statement on Thursday. Juan Antonio Roche is appointed the […]

Retail Asia15/05/2023
techcombank-vietnam-1280x962.jpg
7min0
Techcombank has set a CASA (current account savings account) target of 55% by 2025 by investing in digitalization and increasing lending to retail customers and SMEs. At its recent annual general meeting, CEO Jens Lottner said he was optimistic about the bank’s ability to achieve the targets despite market volatility. Lottner said though Vietnam’s economy […]

Retail Asia04/04/2023
Asia-Commercial-Bank.jpeg
1min0
More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new customers increased by 45% during the year, and overall premiums at by 16%. Military Bank led with more than VND2.1 […]

Retail Asia26/03/2023
blockchain-1280x658.jpg
4min0
DTS Group and GMO have established a blockchain technology application and development center with the goal of promoting blockchain technology in Vietnam. The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated technology-based physical products and high technology projects. The unit will research, apply, deploy, and transfer blockchain technology in […]

Retail Asia08/02/2023
rabbank.webp
2min0
Nine-month interbank rate has climbed from 9.61% to 13% annually as of February 2, according to the central bank’s latest data. On February 2 banks borrowed VND225.7 trillion ($9.6 billion) from each other overnight at the rate of 6.26% per year, up 1.7% points from the end of last year. Other terms such as two […]

Retail Asia11/01/2023
UBS-Bank-1280x853.jpeg
3min0
Capital Group sees new investment opportunities in fixed-income bonds and is entering into a partnership with the asset management division of UBS to that end. Fund manager Capital Group is entering into a partnership with the asset management division of UBS. According to a statement Tuesday, the investment firm has launched the Capital Group multi-sector income […]

Retail Asia15/12/2022
Barclays-Bank-1024x682.jpg
1min0
British Bank Barclays is the latest private bank moving to Verbier to catch a crowd of international holidaymakers. Barclays Private bank is opening a temporary office in Verbier for the 2022/2023 ski season, it said in an emailed statement Wednesday. The new pop-up office aims to cater to clients’ needs during their holidays and is […]

Retail Asia24/11/2022
bond-1024x683.jpg
4min0
Only one private bond issuance was recorded in October, indicating that companies remain reluctant to mobilize cash using this channel after recent arrests of alleged fraudsters. Nui Phao Mining Company under the Masan Group was the only corporate bond issuer last month with a batch of VND210 billion ($8.45 million) with a five-year maturity. This […]

Retail Asia26/10/2022
UBS-Bank-1280x853.jpeg
6min0
At UBS, the focus on wealth management was born out of necessity during the financial crisis. One global crisis later, that strategy is helping it leave global competitors behind. Lower profits, less money invested by clients money, and fewer bonuses for advisors. At first blush, the third quarter has not been very promising for UBS’s […]

Retail Asia23/09/2022
UBS.jpeg
2min0
UBS is teaming up with a network of alternative investment firms in the US that manages more than $300 billion in institutional assets. The US National Association of Investment Companies (NAIC), the nation’s largest network of diversely owned alternative investment firms, has signed up UBS as a partner. UBS will become a platinum sponsor of […]

Retail Asia06/09/2022
google-sign-3253-1024x657.jpg
7min0
Sometimes seemingly mundane insights can help in the digital age, especially since most Swiss banks are «knotty colossi,» as Google Maps co-creator Samuel Widmann finds. Can banks learn something from the US tech giant Google? A seminar at the School of Banking (FSB) in Zurich explored this question last week with  Samuel Widmann, co-inventor of Google Maps. […]

Retail Asia02/09/2022
UBS.jpeg
3min0
Digitalization in banking is placing new demands on telephone advice. UBS is restructuring its Swiss call centers under new management. UBS Switzerland is realigning its Swiss contact center (CCS), according to an internal letter to employees, as the bank responds to the strong increase of remote services in the banking business. According to the memo, […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X