ECB to hold rates and take baby steps towards first cut
FRANKFURT: The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps…
Category: Banking
Bank Negara’s international reserves down to US$114.3bil
KUALA LUMPUR: Bank Negara’s international reserves amounted to US$114.3bil as at Feb 29, down from US$115.4bil as at Feb 15.
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…
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…
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…
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…
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…