S&P affirms Public Bank’s ‘A-’ rating with stable outlook
KUALA LUMPUR: S&P Global Ratings has affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on Public Bank Bhd. The outlook on the long-term rating is stable.
Standard Chartered Malaysia backs SMEs through Bank Negara relief facility
KUALA LUMPUR: Standard Chartered Malaysia is supporting eligible small and medium enterprises (SMEs), including micro-enterprises, through Bank Negara Malaysia's SME Stabilisation Relief Facility (SME SRF).
HSBC says AI will destroy and create new jobs
HSBC chief executive Georges Elhedery says artificial intelligence (AI) will destroy and create certain jobs in the financial industry, and the bank is focused on retraining its workforce.
Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall
JAKARTA: Indonesia's central bank raised its policy interest rates for the first time in two years at a policy review on Wednesday, as it works to support the rupiah currency which has fallen to a series of record lows in recent days.
Wall Street watchdogs pause some cyber exams after Mythos shock
US regulators are pausing some cyber-related examinations of the largest banks, giving the lenders more breathing room as the firms dig into the risks exposed by Anthropic PBC's new Mythos AI model.
StanChart to cut more than 7,000 jobs as bank steps up AI adoption
HONG KONG: Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence while targeting growth.
Bancassurance income to bolster RHB Bank showing
PETALING JAYA: RHB Bank Bhd's potential re-rating catalysts include an improvement in net interest margin in financial year ending Dec 31, 2026 (FY26), additional cost reduction in FY26 to FY27, and a projection of return on equity (ROE) expansion from 10.1% in FY25 to 10.8% in FY28.
Affin Bank quarterly bottom line increases
PETALING JAYA: Despite being supported by enough capital and liquidity buffers, Affin Bank Bhd will need to remain cautious while focusing on a disciplined approach this year.
GX Bank, CGC Digital to offer credit access up to RM150,000 to MSMEs
KUALA LUMPUR: Digital bank GX Bank Bhd and CGC Digital have formed a strategic collaboration to offer micro, small and medium enterprises (MSMEs) digital guarantees for credit access of up to RM150,000.
Affin Bank records higher 1Q net profit of RM135.5mil
KUALA LUMPUR: Affin Bank Bhd maintained a steady performance in the first quarter of its financial year as the domestic banking sector adapted to persistent global supply and demand pressured, said president and group CEO Datuk Wan Razly Abdullah in his review of the bank's results.
