BSN appoints Zukri Samat as new chairman
KUALA LUMPUR: Bank Simpanan Nasional (BSN) has appointed Datuk Seri Dr Zukri Samat as its new chairman, effective Oct 12, 2026, succeeding Datuk Seri Dr Awang Adek Hussin.
Banks tap investors for US$7bil on hot economy
Vietnamese banks are planning nearly US$7bil in share sales as the country's fast-growing economy fuels demand for capital, opening a window for foreign investors to expand in the tightly controlled sector.
AmBank strengthens affluent banking, wealth management with Kelawei flagship branch
GEORGE TOWN: AmBank Group is strengthening its commitment to the affluent segment and wealth management by launching its Kelawei flagship branch, bringing together AmBank Signature Priority Banking (AmSPB) and AmPrivate Banking.
IMF chief warns energy shock, growing debt and AI risks threaten global growth
SINGAPORE: The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund Managing Director Kristalina Georgieva warned on Wednesday, urging governments to implement protective fiscal and monetary policy measures.
HSBC plans job cuts across UK wealth business in AI push, FT reports
HSBC is planning sweeping job cuts across its UK wealth management business, including a sharp reduction in financial advisers and specialist staff, as part of a broader push to integrate AI, the Financial Times reported on Wednesday.
Ryt Bank customers can now use Apple Pay with Ryt Card
KUALA LUMPUR: Ryt Bank has added Apple Pay support for its Ryt Card, allowing customers to make payments using compatible Apple devices.
Maybank, CIMB launch credit cards for everyday living costs
KUALA LUMPUR: Two of the country's largest banks have launched credit cards that are aimed at offering more affordable credit facilities to ease the cost of living.
CIMB is said to consider selling Philippines business
CIMB Group Holdings Bhd. is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter.
Emerging Asia banks have buffers to withstand strong El Niño, says S&P
KUALA LUMPUR: Emerging Asia's banking sectors are well positioned to weather the financial fallout from a strong El Niño, supported by robust earnings and strong capital buffers, S&P Global Ratings said in a report.
Financial sector prevents RM1.9bil in attempted fraudulent transactions in 1H26
KUALA LUMPUR: The financial sector has prevented approximately RM1.9 billion in attempted fraudulent transactions in the first half of 2026, surpassing the RM1.2 billion prevented throughout 2025.
