Banks (Finance)
Bank Negara Malaysia (BNM) has issued an administrative monetary penalty (AMP) of RM3,264,000 to HSBC Bank Malaysia Berhad (HBMY) for non-compliance with customer due diligence (CDD) and sanctions screening requirements. The penalty is in addition to a separate AMP of RM3,264,000 imposed on HSBC Amanah Malaysia
Banks (Finance)
As the Canadian banking sector faces increasing economic uncertainty due to U.S. trade and fiscal policy, both Bank of Montreal and National Bank of Canada are taking a cautious approach by setting aside provisions for potential loan defaults. Although their second-quarter earnings exceeded analysts' expectations, the lenders are
Banks (Finance)
Key Private Bank has partnered with The Bonadio Group to share expert insights for local non-profit organizations navigating the current charitable giving landscape. The panel, "The Art and Science of Charitable Giving: A Guide for Donors and Nonprofits," will be held on June 4 at the Community Folk
Banks (Finance)
The Bombay High Court has taken a significant step by suspending the Look Out Circular (LOC) issued by the CBI against Manish Mandhana, a former director of Mandhana Industries Ltd, who has been accused in a bank loan fraud case. The court's decision comes after Mandhana's
Banks (Finance)
Qatar Islamic Bank, a major entity in the Banks and Financial Services section of the Qatar Stock Exchange, saw its share price drop at the end of trading on May 28, 2025. The bank's shares closed at 21.50, down from the previous day's close of
Banks (Finance)
Bangladesh Bank Governor Dr Ahsan H Mansur has announced plans to merge several crisis-prone Islami banks into one under state ownership to safeguard depositors' interests. This move comes as part of the central bank's efforts to strengthen the financial sector and prevent further instability. The decision follows
Banks (Finance)
FirstRand Bank Limited has declared a cash distribution for holders of its dollar custodial certificates (DCCUSD), as per the terms outlined in the Offering Circular dated January 6, 2017. The distribution, set at 1,252.83 cents per unit, will be executed in the exchange traded funds sector of the
Banks (Finance)
The rating affirmation reflects Bank of the Philippine Islands' (BPI) adequate capital, healthy liquidity, and good profitability, which are balanced against the bank's deteriorating asset quality, driven by rapid loan growth into higher-risk consumer segments. Key Takeaways: * BPI's Baa2 long-term deposit ratings, senior unsecured ratings,
Banks (Finance)
Federal Reserve Chair Jerome Powell called on students at a Princeton University pre-graduation ceremony to see the value in public service and to do whatever it takes to defend democracy. Powell's speech was a thinly veiled rebuke to President Donald Trump, who has often threatened to fire the
Banks (Finance)
As a result of the Bank of England's announcement on May 8 to cut the base rate from 4.5 per cent to 4.25 per cent, most high-street banks have warned that interest rates on some savings accounts will be reduced in the coming weeks. While the
Banks (Finance)
Affin Bank Berhad, a Malaysian bank, has successfully launched a USD2 billion euro medium-term note (EMTN) programme, with Moody's Investors Service assigning a (P)A3 long-term foreign currency senior unsecured rating to the programme. The rating reflects the bank's good standalone creditworthiness, supported by its baa3
Banks (Finance)
Deutsche Bank and IBM have extended their long-standing relationship with a new license agreement that grants Deutsche Bank increased access to IBM's innovative software solutions. This strategic agreement will enable Deutsche Bank to accelerate innovation, optimize operations, and enhance its customer experience. The partnership aims to replace legacy
