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…
Category: Banking
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…
HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says
LONDON: HSBC's European chief is betting on rising regional wealth and overseas expansion by Asian corporate clients to boost his…
MBSB Bank discontinues e-Wallet platform
KUALA LUMPUR: MBSB Bank Bhd today announced the discontinuation of its e-wallet platform effective from May 31, 2024.
BoJ governor lauded for smooth policy change
TOKYO: Tomorrow will mark one year since Bank of Japan (BoJ) governor Kazuo Ueda took office.