Trial starts in breach of director's duties suit against Goh Jin Hian over US$156m in losses
Dr Goh says the suit is a “blatant attempt to scapegoat him”. Read more at straitstimes.com.
Source: straitstimes.com
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Analysts positive on banking sector following BNM's confidence in domestic financial system
KUALA LUMPUR: Research houses have maintained their positive stance on the banking sector following Bank Negara Malaysia's (BNM) optimism about the overall standing of the Malaysian economy and financial system.
Kuala Lumpur Group Holdings Bhd Public Bank Bhd Hong Leong Investment Bank Holdings Bhd Bank Islam Malaysia Bhd
Source: thestar.com.my
Bursa Malaysia ends lower in line with regional peers
PETALING JAYA: Bursa Malaysia ended trading lower yesterday in tandem with the heavy selldown in regional bourses.
Source: thestar.com.my
China Unexpectedly Cuts Reserve Ratio For Banks, Injecting $73BN To Stimulate Economy
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Maybank introduces financing solution for EV, hybrid users
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has introduced a first-of-its-kind integrated automobile financing solution for electric vehicle (EV) and hybrid customers covering various aspects of owning such a vehicle.
Source: thestar.com.my
Maybank FY22 earnings at RM8.2b
KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects the country’s growth to moderate, going further into 2023, as external trade softens in tandem with a slowdown in domestic demand, which will put the brakes on loan take-up rates for the banking industry.
Source: thestar.com.my
Maybank posts higher earnings of RM8.23bil in 2022, announces higher sustainability targets
KUALA LUMPUR: Malayan Banking Bhd (Maybank) said it will raise the target of its sustainable financing to RM80bil and commit to improving the lives of two million households in Asean.
Kuala Lumpur Datuk Khairussaleh Ramli Zamzamzairani Mohd Isa Financial Services Malayan Banking Southeast Asia
Source: thestar.com.my
How Citigroup helped lift the lid on Trafigura's nickel nightmare
As Trafigura Group's metal traders were partying in London at last year's LME Week jamboree, Citigroup was taking a step that would end up shaking their world.
United Kingdom United Arab Emirates City Of Prateek Gupta Socrates Economou Singapore United Overseas Bank
Source: americanbanker.com
Support for upside in equities and ringgit seen
Revived appetite for risk assets amid expectations of the US Federal Reserve (Fed) downsizing the magnitude of its rate rises should support the upside in equities and the ringgit in the short to medium term, MIDF Research says.
United States Malaysia General Hong Leong Bank Bhd Market Committee Federal Open Market Committee Bursa Malaysia
Source: thestar.com.my
Bursa extends Wednesday's losses to end lower
Bursa Malaysia extended Wednesday’s losses to end lower yesterday, weighed down by selling in selected heavyweights that was led by the financial services sector, says a dealer.
Source: thestar.com.my