by Nehad Kenanie | Feb 22, 2017 | Asia, Financial Results, Hong Kong, Uncategorised
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.In 2016, net profit fell 41 percent to HK$16.21 billion (A$2.7 billion). The decline would be more moderate, at four percent, if discounting...
by Nehad Kenanie | Feb 22, 2017 | Asia, Australia, Executive Changes, Uncategorised
(22 February 2017 – Australia) HSBC has appointed a new chief of its Australian operations. The bank said Martin Tricaud will replace Tony Cripps, from 3 April 2017.The announcement comes just three months after the bank’s board signed off on Cripps’...
by Nehad Kenanie | Feb 21, 2017 | Asia, Business Development & Expansion, Investment, Payments, South Korea, Uncategorised
(21 February 2017 – Asia) Alibaba’s finance arm, Ant Financial has revealed yet another deal. The firm will invest US$200 million (A$260 billion) into a fintech project belonging to Kakao, Korea’s dominant messaging service. As...
