BNM wants full explanation of root cause of service outage from two banks
KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation…
Category: Banking
HSBC takes US$1bil hit from Argentina sale as Asia pivot continues
LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said…
RBA’s policy highlights its inflation worries
SYDNEY: It’s been five months since Australia last raised interest rates and in the interim inflation has moderated and the…
ECB tipped to pause one last time before June rate cut
FRANKFURT: Buoyed by falling inflation, the European Central Bank (ECB) is expected to keep borrowing costs on hold one last…
Real wages likely to keep BoJ on hold for now
Tokyo: Japanese workers’ real wages fell in February for a 23rd consecutive month after consumer price growth accelerated, exerting a…
JPMorgan says CEO transition is a top priority, cites potential Dimon successors
JPMorgan Chase's board said an orderly CEO transition is a top priority for the largest U.S. bank in the medium…
OCBC Malaysia customers can activate the OCBC kill switch via the mobile banking app
KUALA LUMPUR: OCBC Bank (M) Bhd customers can now activate the OCBC Kill Switch via the bank’s mobile banking app…
Bank Negara: Coordinated efforts have strengthened the ringgit, no plans for capital controls
KUALA LUMPUR: Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), Malaysian corporates and businesses have strengthened the…
Philippine central bank keeps interest rates steady at 6.50%
MANILA: The Philippine central bank kept its benchmark rate unchanged at 6.50% for a fourth straight meeting on Monday, as…