Singapore bank OCBC fourth-quarter profit misses expectations, sees rates falling
SINGAPORE: Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) said it expected interest rates to trend downwards, likely from second half of…
Category: Banking
PBB acquires Vietnam firm from RHB Bank
PETALING JAYA: Public Bank Bhd (PBB) is acquiring the entire charter capital of RHB Securities Vietnam Co Ltd from RHB…
Maybank aims big in SME financing
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is eyeing mid double-digit growth in financing for its small and medium enterprise (SME)…
Cracks emerge in global banking system
SYDNEY: The four-year synchronisation among developed-world central banks might be about to weaken as domestic drivers take over from global…
Westpac sees monetary policy ‘less restrictive’ over the next year
SYDNEY: Westpac Banking Corp says it sees scope for monetary policy in Australia to become less restrictive within the next…
Vietnamese banks pour US$41bil into real estate market in 2023
HANOI: A total of 2.75 quadrillion dong (US$41bil) went into the property market in 2023, according to the State Bank…
Positive outlook for banking sector
PETALING JAYA: Despite enjoying an earnings recovery, valuations of local banks are currently hovering close to Covid-19 pandemic levels, which…
Public Bank buys Vietnam-based capital market firm for RM72.55mil
KUALA LUMPUR: Public Bank Bhd (PBB) is acquiring the entire charter capital of RHB Securities Vietnam Co Ltd from RHB…
PM Anwar: Banking industry needs to remain competitive in postnormal times
KUALA LUMPUR: The government has urged the country’s banking industry to remain competitive in dealing with the concurrent three Cs…