Fed’s Kashkari sees two rate cuts at most this year
MINNEAPOLIS Federal Reserve Bank President Neel Kashkari on Wednesday signaled that stronger economic data since the start of the year…
Category: Banking
Banks expect net interest margins to face pressure
Some banks are expecting net interest margins (NIMs) to face some pressure as deposit rates may take time to normalise…
Singaporean bank DBS CEO Gupta’s total pay dropped 27% to US$8.3mil in 2023
SINGAPORE: Piyush Gupta, CEO of Singapore's biggest bank DBS Group and one of the highest paid CEOs in the city-state,…
StanChart expects Bank Negara to maintain OPR at 3%
PETALING JAYA: Standard Chartered Research expects Bank Negara to keep the overnight policy rate (OPR) unchanged at 3% at its…
SME Bank approved RM30.6bil financing since inception to 17,380 Bumiputera MSMEs
KUALA LUMPUR: SME Bank has approved more than RM30.6 billion in financing to 17,380 Bumiputera micro, small, and medium enterprises…
ANZ sells 16.5% of shareholding in AmBank
KUALA LUMPUR: Australia's fourth-largest bank, ANZ Group, has upsized its initial plan, opting to divest a larger 16.5% stake in…
Affin Bank records improved 4Q net profit of RM39.35mil
KUALA LUMPUR: Affin Bank Bhd said 2023 was a challenging year as the industry was faced with margin compression, which…
Public Bank’s FY23 net profit rises to RM6.65bil
KUALA LUMPUR: The local banking sector is expected remain resilient with healthy capital and liquidity buffers, coupled with the sufficient…
Maybank records jump in FY23 net profit to RM9.35bil
KUALA LUMPUR: Malayan Banking Bhd (Maybank) chalked up better results in the financial year ended Dec 31, 2023, amid improved…