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Business 06 May 2019 | 7:36 AM

Maybank first local bank to launch SWIFT GPI service

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has become the first local bank to implement the SWIFT global payments innovation (gpi) service that will enable customers to enjoy speedier, more convenient and secure cross-border remittances.

Business 02 May 2019 | 12:00 AM

JPMorgan the latest bank to boycott Brunei

By Elisa Martinuzzi

Business 17 Apr 2019 | 4:56 AM

Singapore's OCBC seeks partner for China securities business

SINGAPORE: Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening.

TECH 11 Mar 2019 | 6:22 AM

To lure young talent, banks mimic tech workspaces

Tattooed models in mustard robes replaced the usual grey-suited bankers at Nordea Bank's Copenhagen headquarters recently, as the Danish bank strutted out its latest attempt to woo young talent.

Corporate News 10 Mar 2019 | 10:44 PM

Berlin backs Deutsche Bank merger despite risk of shortfall

FRANKFURT: Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters.

Business 05 Jan 2019 | 12:00 AM

US seeks extradition of 3 ex-Credit Suisse bankers

NEW YORK: Three former Credit Suisse Group AG bankers were charged here with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fund-raising scandal involving a developing nation.

Banking 04 Jan 2019 | 9:21 AM

US seeks extradition of ex-Credit Suisse bankers charged in US$2bil loan fraud

DELAWARE (Bloomberg): Three former Credit Suisse Group AG bankers were charged in New York with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fundraising scandal involving a developing nation.

Banking 17 Dec 2018 | 12:00 AM

An outlandish banking merger idea

HERE lies an outlandish idea: Malaysia should embark on its biggest-ever banking merger to create Asean’s largest bank, nudging out Singapore’s DBS from that position. I’m talking about a mega merger anchored by Maybank to glue together CIMB, RHB, Ambank and Affin Bank.

TECH 23 Nov 2018 | 8:00 AM

Drones, data and digital tools lauded as new ways to fight human rights abuses

From “citizen science” identifying slavery to drones mapping degraded land, technology and data can help create a “search bar for the planet” and detect and fight all manner of human rights abuses, experts told a conference.

Business 21 Nov 2018 | 12:00 AM

Hedge fund bear vindicated with 10% gain shorting Japan stocks

HONG KONG: After cutting a sometimes lonely figure as a staunch bear amid Japan’s stock-market rally, Shannon McConaghy has been vindicated.