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UBS tops Asia private banking league

SINGAPORE: UBS Group AG topped the list of the 20 largest wealth firms in Asia for the sixth consecutive year even as assets under management declined in the region, Asian Private Banker (APB) said.





Lower assets: The logo of Swiss bank UBS is seen in Zurich, Switzerland. UBS saw assets under management decline about 7% last year. — Reuters

Bank Islam eyes investment funds growth of RM800mil for 2019

KUALA LUMPUR: Bank Islam Malaysia Bhd aims to achieve an investment funds growth of RM800mil this year, driven by the launch of its enhanced Al-Awfar product, which includes new features and attractive offers for customers.

Mohd Muazzam: Over the last decade, Al-Awfar has produced 23 millionaires.

Bank Islam targets investment funds growth of RM800m

KUALA LUMPUR: Bank Islam Malaysia Bhd aims to achieve an investment funds growth of RM800 million this year, driven by the launch of its enhanced Al-Awfar product, which includes new features and attractive offers for customers.

Affin Hwang downgrades Maybank to Hold, TP cut to RM9

KUALA LUMPUR: Reports of Hyflux Ltd's plan to restart talks with creditor to avoid liquidation could be a positive development for Malayan Banking Bhd although the deadline for the former's debt moratorium in fast approaching.

Analyst report

CIMB Research is maintaining its add recommendation for RHB Bank following the bank’s base-rate hike of 10 basis points to 4% as the interest income earned will be raised from its loan portfolio.

Draghi sounds concern over Fed’s independence

Frankfurt: European Central Bank (ECB) President Mario Draghi (pic) took the rare step of weighing in on the hot debate over whether President Donald Trump is undermining the independence of the Federal Reserve.

Exim Bank appoints Feizal as chairman

KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) has appointed Datuk Feizal Mustapha (pic) as its new chairman with effect from April 9. He succeeds Datuk Mat Noor Nawi who retired from the bank on Sept 30 last year.