Banks

Swiss banks seek most dollars since 2008 in bid for easy profit

Banks in Switzerland sought the most dollars since 2008 using an emergency dollar swap facility provided by the Federal Reserve…

1 month ago

iPay88 resolves data breach, but remains under watchful BNM eye

BANK Negara Malaysia (BNM) has instructed online payment provider iPay88 (M) Sdn Bhd to undertake additional measures to strengthen its cyber…

2 months ago

I can’t be the only one who doesn’t want to WFH

by PAUL J DAVIES (Bloomberg Opinion) IT’S time to come clean. Maybe it’s an age thing, a lack of imagination,…

3 months ago

China firms from pharma to tools join Swiss GDR frenzy, sources say

Chinese companies are doling out mandates to investment banks for share sales in Switzerland, encouraged by the relative success of…

4 months ago

Turkish banks are adopting Russian payments system, Erdogan says

Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said on his return from talks…

4 months ago

Moody’s: “Buy now, pay later” poses no threat to traditional banks

by FAYYADH JAAFAR / pic credit Fave THE emergence of buy now, pay later (BNPL) services in South-East Asia is unlikely…

4 months ago

CGS-CIMB expects another 25bps OPR before year-end

We expect the OPR hike to be positive for banks as their total floating-rate loans are larger than their total…

5 months ago

Saudi Arabia injects $13b in liquidity-starved banks

The Saudi Central Bank placed about 50 billion riyals ($13 billion) as time deposits with commercial lenders, according to people…

5 months ago

BOE says UK’s biggest lenders are no longer too big to fail

THE Bank of England has concluded that emergency planning at the UK’s biggest banks means none should require a public…

6 months ago

Loan growth up to 5% in 2022 despite rising interest rates, says RAM Ratings

RAM Ratings Services Bhd projects full-year loan growth at 4.5%-5% in 2022 despite rising interest rates, driven by the gradual reopening…

6 months ago

Credit Suisse CEO Says We’ll Never Go Back to Office Full Time

Credit Suisse Group AG Chief Executive Officer Thomas Gottstein doesn’t think banks will ever return to working full-time from the…

6 months ago

Banks brace for tech experts’ outflow as digital banks set to move in

by MOHAMAD AZLAN JAAFAR / pic by BERNAMA LOCAL banks are already preparing for the possible exodus of programmers and backend technical…

7 months ago

New digital banks unlikely to compete with traditional banks

This is due to the regulatory limits placed on their activities by BNM by S BIRRUNTHA / pic by TMR FILE…

7 months ago