The predicament of banking doyens


Clear direction: Nor Shamsiah at the second-quarter gross domestic product briefing. She made it clear that the ‘grandfather rule’ will not be extended to other individuals.

THE unwritten “grandfather rule” in the local banking scene, which was first applied to three seasoned bankers, may be the push for the next banking sector consolidation.

The three are Tan Sri Teh Hong Piow of Public Bank Bhd, Tan Sri Azman Hashim of AMMB Holdings Bhd (AmBank) and Tan Sri Quek Leng Chan of Hong Leong Bank Bhd (HLB).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 31
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Wall Street opens lower on rate-hike, recession fears
LTKM signs agreements to dispose of six subsidiaries for RM158.8mil
Microlink wins RM48.55mil contract from Koperasi Co-opbank Pertama
Favelle Favco’s subsidiaries receive contracts totalling RM130.8mil
Sapura Energy 2Q net loss narrows to RM2.59mil
Ringgit falls to new 24-year low as it touches 4.60 to US dollar
Paramount sells remaining education ops for RM120mil
Astro 2Q net profit rises 13% to RM98mil
CFM, Energy Absolute form JV to distribute EV products in Malaysia
Two directors of Pertama Digital resign

Others Also Read