Cash Management

Bankers reveal trend of decentralizing financing decisions in Asia

HSBC’s Laurens and Citi’s Saxena concur that the need for decentralization increases as financial centers move from West to East. Read ››

Asian banks step in as EU banks exit trade finance

DBS’ Ken Stratton and Citi’s Ravi Saxena concur that Asian banks are taking up the slack, resulting in greater opportunities and increasing margins. Read ››

Will RMB soon beat USD as the main currency for cross border trade?

The internationalisation of RMB is providing banks with opportunities to enhance their cash management structures in the face of a USD liquidity shortage - but does a shortage really exist till now? Read ››

Why the war on cash is doomed to fail

Every time a new way of paying for something has arrived – credit and debit cards, internet payments, contactless cards, mobile phone payments – the imminent death of cash has been announced. Read ››

Integration of cash and trade key for greater efficiency in Asian banks

As clients look for enhanced services, banks will have to strive for better cash and trade product sets - find out what HSBC’s John Laurens, Citi’s Ravi Saxena, and DBS’ Ken Stratton have to say. Read ››

State Bank of India posts profit but plagued by costly NPAs

Government-owned State Bank of India reported a welcome 15% rise in new profit during the quarter up to December 2011. Read ››

ICBC rolls out bill poll service for corporate customers

ICBC launch of bill pool service nationwide specially for corporate clients who demand for cash management service. Read ››

Don’t waste money on FATCA

The FATCA (Foreign Account Tax Compliance Act) legislation was enacted into US law on 18 March 2010 as part of the HIRE Act (Hiring Incentives to Restore Employment). Read ››

Got your bonus and looking for your next step? Revisit these top tips for career success

As the banking industry moves through bonus season, more and more professionals are expected to test their worth on the job market and seek their next career opportunity. Read ››

Will cash survive beyond the 21st century?

Whenever I read about the apparently imminent arrival of the cashless society, I smile quietly to myself, knowing that the global facts tell a completely different story, one which should see cash surviving beyond the 21st century. Read ››

HSBC custodian unit appoints Aaron Ng as Asian senior product manager

Former NAB banker will be tasked to develop market and product strategy for the region. Read ››

Liquidity risk management for Chinese banks to be enhanced

China's banking regulator has begun soliciting public opinions on a new draft in a bid to improve banks' liquidity risk management and safeguard the safety and stability of China's banking system, reports Xinhua News. Read ››

What you need to know about Lombard Odier’s new hires in AsiaPac

Lombard Odier has expanded its institutional sales team with the appointment of three new members in Asia-Pacific. Read ››

HSBC Global Asset Management appoints Elizabeth Allen as director and head of credit research

She will head the Asia-Pacific operations, effective immediately. In a release, HSBC Global Asset Management announced the appointment of Elizabeth Allen as Director and Head of Credit Research, Asia-Pacific, with immediate effect.  Based in Hong Kong, Ms Allen leads the credit research team which is responsible for providing credit analysis and supporting bond selection for the Asian bond portfolios. Read ››

Nikko Asset Management acquires DBSAM Singapore for SGD 137m

DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM. Read ››

ICBC cash canagement customers exceed 600,000

ICBC secured more than 600,000 cash management customers by end of June,  an increase of nearly 20% over the end of previous year. Read ››

ICBC personal pension accounts exceed 9.5 million

ICBC secured its leading market position by having 9,520,000 personal pension accounts under management, RMB 43.5 billion of pension fund under trust and RMB 174.3 billion of pension fund under custody by end of June. Read ››

GRG launches innovative cash management solution

GRG’s AutoDepot P2801L is an intelligent cash deposit machine that can automate transactions  by counting, identifying, sorting and saving independently. Read ››

Australians in looming debt spiral

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services. Read ››

Vietnam first in Asia Pacific for HSBC's receivables management solution

Vietnam is the first Asia Pacific market in which HSBC has launched the Integrated Receivables Solution service consisting of VirtualAccount, consolidated collection reporting and receivables advising. Read ››

Disaster in Japan: impact on Cash Investment Strategies

Almost a month since the 11 March 2011 earthquake in Japan, and we continue to examine its impact of the damage on industries. Read ››

Consumers spending remains strong

Retail sales value growth eased to 8.6% in February, due to  the Lunar New Year holidays. Read ››

BNP Paribas and Sacombank signed Service Agreement in Cash Management

Under the Agreement, BNP Paribas will offer cash management services to its local and multinational customers through Sacombank’s branch networks in Vietnam. Read ››

ICBC posts 500,000 cash management customers for 2010

ICBC secured the first place in the ranking of Chinese cash management banks by scoring more than 500,000 customers as of the end of 2010. Read ››

ABC finalizes cooperation agreement with shipbuilding firm

  ABC signed a Bank-enterprise Cooperation Agreement with China Shipbuilding Industry Corporation in Beijing. Read ››

Siam Commercial Bank selects Transoft Cash Management

The bank to maximize use of Transoft’s OptiCash applications suite for its next generation currency management The first Thai Bank, now operating the largest number of ATMs and branches across the kingdom, announced on Tuesday the selection of Transoft International, Inc. Read ››

PACRA upgrades Bank AL Habib rating

PACRA has upgraded the long-term rating of Bank AL Habib Limited to “AA+”. Read ››

GRG Banking to launch cassettes management solution

The cash processing & self-service solution provider has developed a new solution transforming cash management into cassettes management. Read ››

DBS forges new saving scheme for parents

DBS launches EduSmart to address concerns and uncertainties that parents face today on deciding how much they need to provide for their children’s future. Read ››

HSBC appoints Mark Troutman as Head of Sales, Southern Asia, Global Payments and Cash Management

Appointee leads regional team reinforcing commitment to expand Global Payments and Cash Management in South Asia. Read ››

Study reveals Generation Y worry about financial prospects

74% of Gen Ys have specific saving goals while only 27% have concrete saving plans. Read ››

Commonwealth Bank does not require immediate funding activities

Bank said it has no need for immediate additional wholesale funding amidst Greece and Portugal credit crisis. Read ››

StanChart Vietnam expands securities services

Global lender sees country as venue of exciting opportunities for local and international investors. Read ››

Affin Bank launches new fixed deposit product

Product enables customers with account in local currency to be converted to any foreign currency. Read ››

Bank of the Philippine Islands expects $5bln remittances

BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds. Read ››

Hong Leong Bank launches new online service

Important account management functions will be served online through lender's new banking innovation. Read ››

Celent publishes Cash Management in China report

Hua Zhang examined the rapidly developing cash management market China and trends in cash management services. Read ››

Cash management in China

Many Chinese companies are facing cash flow problems from the impact of the financial crisis. Read ››

Japanese bank lending plunges to all-time low since 2005

Japanese bank lending slumped to its lowest since 2005, with some firms deferring capital investments while others turned to bond markets in a bid to raise funds. Read ››

NAB's Moody's ratings unaffected by Axa bid

NAB's purchase agreement of AXA's wealth management business for US$4.2 billion has no impact on its ratings. Read ››