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THE trend of rising provisions in the banking sector during this uncertain economic period is evident in the most recent banking statistics released by Bank Negara.
FOR 35-year-old Sam, who works as an engineer in the aviation sector, the past few months have been distressing to say the least.
Sector seen headed for recovery in second half of year
KUALA LUMPUR: CIMB Group Holdings Bhd will engage with borrowers from the hardest hit sectors to extend support and restructure terms, where necessary, said group chief executive officer Datuk Abdul Rahman Ahmad.
NEW YORK: Shares of U.S. banks dropped on Friday, with Wells Fargo's stock falling more than 6% and Goldman Sachs Group Inc down 7%, after the Federal Reserve capped dividend payments and barred share buybacks until at least the fourth quarter after its annual stress test
Maybank says it’s sufficient to restructure loans
NEW YORK: Asian stocks were set to gain on Friday, as global sentiment remained doggedly upbeat despite increased volatility and rising new coronavirus infections, with Wall Street pushed higher by a loosening in bank regulations.
New York: Wall Street's main indexes closed higher in choppy trading on Thursday, with bank stocks soaring ahead of annual stress test results and helping to offset investor jitters over alarming increases in new coronavirus cases.