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,…
Category: Banking
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…
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…
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…