Tag: Banking

ECB hawks from Austria and Belgium support further rate hikes to control persistent eurozone inflation, which stands at 8.5%. Despite recent banking sector turbulence, the central bank raised rates by 50 basis points last week, signaling commitment to fighting price increases.

RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.

Silicon Valley Bank's parent company filed for bankruptcy protection, marking the largest bank collapse since 2008. The move follows regulatory takeover and aims to manage asset sales amid industry uncertainty.

The failure of Silicon Valley Bank exposed deep rifts in the venture capital world, with investors publicly criticizing each other's actions during the bank run. Many VCs urged their portfolio companies to withdraw funds, potentially contributing to the bank's rapid collapse and highlighting internal industry tensions.

Singapore bank stocks dropped as global markets reacted to Credit Suisse's financial turmoil and consecutive US bank failures. The Swiss bank's stock plummeted 30% after its largest shareholder declined additional investment, raising concerns about wider financial sector risks and potential systemic instability.

Maybank introduces an integrated financing solution for electric and hybrid vehicle owners, covering comprehensive financing, insurance, and charging station access. The initiative aligns with the bank's sustainability objectives and supports the government's vision to increase EV market share to 38% by 2040.

PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest. Despite the fact that financial...

The European Union is proposing additional sanctions against Russia, targeting over 200 politicians, military officers, and key figures responsible for missile attacks and actions in Ukraine. The European Commission's recommendations include travel bans and asset freezes, pending approval from member nations.

RHB Bank is on track to meet most of its 2022 financial targets, including a 9.3% return on equity, 4-5% loan growth, and maintaining a low gross impaired loan ratio. Group CEO Mohd Rashid Mohamad reports progress across multiple key performance indicators.

S&P Global Ratings predicts Malaysian banks will maintain loan growth between 5-6% in 2023, supported by a stable economy. The banking sector shows resilience with strong capitalization, 1.8% provisioning buffers, and a 14.3% common equity Tier 1 ratio, enabling banks to withstand potential asset quality pressures.