Banking
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Pandora Papers Exposé Remains Largest in ICIJ History One Year Later
One year after the International Consortium of Investigative Journalists dropped the Pandora Papers into the world’s lap, the…
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AmBank, PUMM Sign Deal to Lend RM400M to SMEs
AmBank and the Persatuan Usahawan Maju Malaysia (PUMM) signed a two-year strategic agreement on 16 September 2022 that…
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Standard Chartered Malaysia Launches SmartStocks Platform
It has been a long, expensive slog for Malaysian retail investors who wanted to buy shares outside the…
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Credit Suisse Fined $475 Million in Mozambique Tuna Bond Scandal
Regulators in the United States and the United Kingdom imposed a combined fine of $475 million on Credit…
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Malaysia Digital Banking License Rush Hits Bank Negara
Malaysia’s banking sector is bracing for a shake-up. By the end of June 2021, a flood of applications…
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Maybank IB Wins Six Top Industry Awards
Pandemic lockdowns and volatile capital markets did not stop Maybank Investment Bank from closing deals that judges at…
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SEA Ltd and Petronas Among Firms Seeking Malaysia Digital Bank License
As Malaysia prepared to modernize its financial sector, a wave of corporate interest emerged in the country’s digital…
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Maybank IB wins six top investment banking awards in Malaysia
Maybank Investment Bank (Maybank IB) has emerged as the leading force in Malaysian investment banking after securing six…
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Maybank IB clinches top awards at FinanceAsia Country Awards, Alpha SEA
Kuala Lumpur, 23 June 2021 – Maybank Investment Bank (Maybank IB) swept six top-tier honours at the 2021…
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Bank Negara, Bank of Thailand Launch Cross-Border QR Payments
A New Chapter for Cross-Border Trade Between Malaysia and Thailand Kuala Lumpur: Bank Negara Malaysia and The Bank…
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Malaysia’s Banks Face Challenges Despite Diversified Economy Ratings
Malaysia’s banking industry continues to operate under the shadow of high household debt, which currently stands at 93.3…
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Malaysia’s Banks Remain Profitable Despite Pandemic Recession Says Moody’s
Kuala Lumpur, 22 May 2021 – In a sector report released on Friday, Moody’s Investors Service highlighted that…
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ABN AMRO’s €480M Settlement Reveals Decade of Banking Chaos
The €480 million settlement that ABN AMRO agreed to with Dutch authorities in April 2021 represents more than…
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ABN AMRO Faces Scrutiny After Anti-Money Laundering Settlement
ABN AMRO, the third-largest bank in the Netherlands, is under heightened scrutiny following a €480 million settlement related…
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BBVA’s Reputation at Risk in Spanish Domestic-Spying Probe
Spain’s second‑largest bank, BBVA, is under a criminal investigation that began on 2 November 2020, focusing on a…
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Spanish Bank BBVA Faces Investigation Over Domestic Spying Contract Allegations
A criminal investigation in Spain is examining BBVA, the multinational financial services company, over a contract with Cenyt…
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Goldman Sachs Pays $2.9B in 1MDB Deferred Prosecution
On October 22, 2020, it was reported that Goldman Sachs had agreed to a $2.9 billion U.S. deferred…
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European banks allow delays in mortgage payments to soften coronavirus impact
On March 12, 2020, European banks, particularly those in Italy and the United Kingdom, announced measures to ease…
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European Banks Pause Mortgage Payments in COVID-19 Crisis
On March 12, 2020, a quiet shift began in European banking. It was not a bailout. No government…
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Wells Fargo Pays $3 Billion Over Fake Account Scandal Settlement
A settlement announced February 21, 2020, requires Wells Fargo to pay $3 billion to resolve criminal and civil…
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Wells Fargo Reaches $3 Billion Settlement Over Fake Accounts Scandal
On February 21, 2020, Wells Fargo agreed to a combined settlement worth approximately $3 billion with the U.S.…
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China to destroy banknotes from coronavirus-hit areas
China’s central bank will shred every banknote that has passed through hospitals, fresh-food markets, or buses in the…
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Philippines Central Bank Warns of Fake Banknote Designs
The Central Bank of the Philippines, also known as Bangko Sentral ng Pilipinas, warned the public on January…
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UK’s Clydesdale and Yorkshire Banks hit due to customers’ wage delays
Clydesdale and Yorkshire Banks left thousands of customers without expected wages on 6 January 2020 after overnight payment…
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McKinsey: Pilot and Aircraft Shortages Now Cap Business Aviation Growth
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Real Estate Price Cuts Signal Buyer Power in Stagnant U.S. Housing Market
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NAHB CEO: 7.4% Mortgage Rates ‘Eating Up’ Housing News as Index Hits 14-Year Low
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How Federal National Mortgage Association Generates Billions Amid Market Risks
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Fannie Mae Faces Market Volatility as Housing Distress and Equity Risks Mount
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How Rising Crude Oil Prices Trigger Global Inflation and Market Volatility
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El Niño and Iran War Drive Agricultural Commodity Prices to New Highs
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ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High
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How Agricultural Policy Uses Uniform Formulas to Distribute $8B in Farm Relief
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Donald Trump Announces $8 Billion Harvest Fuel Relief Program for U.S. Farmers