Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
FRANKFURT: Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and…
Category: Banking
Thai c.bank says intervenes to ease baht volatility, policy rate ‘robust’
BANGKOK: The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the…
Indonesia’s central bank delivers surprise rate rise to support rupiah
JAKARTA: Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against…
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
SINGAPORE: Citigroup said on Tuesday that it has appointed Amit Dhawan as the head of Citi Commercial Bank for Singapore,…
RHB expands sustainable financial services target to RM50bil by 2026
KUALA LUMPUR: RHB Bank Bhd has increased its 2026 sustainable financial services target to RM50 billion from RM20 billion previously…
Affin launches cashless initiative for Lembaga Muzium Negeri Terengganu
KUALA LUMPUR: Affin Group has launched a cashless initiative tailored for Lembaga Muzium Negeri Terengganu, aiming to digitalise the ticketing…
China to keep interest rates at appropriate levels
BEIJING: China will keep interest rates at appropriate levels but also prevent rates from becoming too low, said Zou Lan,…
Bank Islam manages to mitigate impact of static OPR in 2023
KUALA LUMPUR: Bank Islam Malaysia Bhd managed to mitigate the impact of the static overnight policy rate (OPR), leading to an…
US regional lenders step up loans to oil and gas
LONDON: A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share…