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Tuesday, June 18, 2019

Tag: banks

Why the Overnight Policy Rate affects Malaysians’ pockets

How does a change in the Overnight Policy Rate (OPR) affect your financial standing?

Give more loans to small businesses, Guan Eng urges banks

Lending active businesses key in negating effects of US-China trade war, says finance minister.

Forgers are forcing a US$9 trln business into digital age

Forgers have become so adept at faking documents used by banks that going paperless has become a necessity for the industry.

IDEAS says windfall tax bad, but an economist disagrees

Think tank says Putrajaya should minimise compliance costs if it wants to encourage banks to lend more to the private sector while Ramon Navaratnam says windfall tax means better income distribution.

Uber adds several banks to IPO underwriters lineup

Uber’s public offering could be one of the five largest of all time in the US and is expected to be the biggest listing this year.

Saudi stocks advance most in mideast as banks recover

Stocks in Saudi Arabia climbed the highest, boosted by banking shares amid plans by the govt to not increase an Islamic levy on local lenders.

US sanctions against Venezuela scaring off banks

Bankers say they are shying away from doing even a legitimate business with the crisis-wracked oil-producing country.

As appetite for Asia improves, cautious investors leave banks till last

Although positive signs from the US-China trade talks have encouraged investment in several Asian sectors, investors are still reluctant to pour money into banks.

Credit cards, car loans why house loans denied, says expert

See Kok Loong says many people already have a lot of financial commitments.

Banks should give priority to potential B40 home buyers

Minister advises banks to consider an applicant's income from part-time jobs when considering whether to give the individual a housing loan.

Reducing humans in finance will cut risks

The CEO of Nordea Bank makes a bold statement where roughly in a decade, many people won't be needed in finance, and that's a good thing.

Egyptian bank EFG-Hermes weighs Southeast Asian acquisition

CEO Karim Awad said the investment won’t be 'too big' and would involve 'building market share from the ground up.'

Singapore dollar bulls look to CPI to keep MAS on hawkish...

A gauge of the country’s nominal effective exchange rate is showing signs of weakness amid continued global trade tensions and a slowdown in China.

6 banks step forward to help SMEs

Entrepreneur Development Minister Redzuan Yusof says it shows the banks are confident of the government's plans for SMEs.

Woman tells minister how banks rejected her home loan 15 times...

Hafiza Abdul Rahman says her right under the B40 category has been denied.

British and US banks said to be deeply divided on Brexit...

British lenders and their Wall Street rivals are pushing widely different views on Brexit.

D-Day for Australian banks as govt to release inquiry report

Australian big banks, insurers, pension funds and regulators who oversee the financial industry are bracing for a brutal summary of their misdeeds and weaknesses.

Upheaval coming for Australian Banks as misconduct probe reports

The fallout has also hit investors, with the big-four banks losing a combined US$46.4 billion in market value since the inquiry was announced.

Goldman suffers most as analysts slash earnings expectations

Goldman Sachs Group Inc. has been the hardest hit among the six biggest banks.

Saudi banks set for most growth in 4 years as rates...

Financial-institutions analysts expect the Fed to go for two rate hikes in 2019.

China curbs banks’ unlicensed operations outside home base

Lenders, including rural cooperatives and policy banks, will need to apply for a license to operate units outside their home base or will have to wind down the businesses.

Indian banks may take more than US$3 billion hit from PNB...

Banks had extended loans and guarantees worth US$2.74 billion to companies tied to billionaire jeweller Nirav Modi and his uncle Mehul Choksi.

Huawei CFO charged with conspiracy to defraud banks

The US alleges that Huawei used an unofficial subsidiary called Skycom to do business in Iran for Iranian telecom companies.

Egyptian tax change could spur banks to step up private lending

This will potentially bring in more foreign investors.