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…
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…
Maybank aims to disburse about RM18bil of SME financing this year
KUALA LUMPUR: Malayan Banking Bhd (Maybank) aims to disburse around RM18 billion of small and medium enterprises (SME) financing in…
China central bank leaves key policy rate unchanged
SHANGHAI: China’s central bank has left a key policy rate unchanged as expected when rolling over maturing medium-term loans, with…
Rate hike may be Fed’s next move
NEW YORK: The Federal Reserve’s (Fed) next interest-rate move could be a hike –rather than a cut – if the…
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…