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Corporate News 09 May 2018 | 12:00 AM

Goldman, Wells Fargo look at credit cards for bigger returns

NEW YORK: Two of the biggest US banks, Goldman Sachs Group Inc and Wells Fargo & Co, are on the brink of piling into credit-card lending, seeking a share of the US$183bil in fees and interest tied to the product.

Corporate News 05 Apr 2018 | 8:47 AM

Malaysian banks have resilient capital, earnings buffers: Moody's

KUALA LUMPUR: Malaysian banks have resilient capital and earnings buffers in severe macroeconomic and financial stress, which is a credit positive, says Moody's Investors Service.

Banking 13 Mar 2018 | 12:00 AM

Ant Financial consumer lending reaches US$95bil

HONG KONG: Ant Financial’s consumer lending has reached at least 600 billion yuan (US$95bil) despite the affiliate of Alibaba Group Holding Ltd facing a tougher environment for securitising its loans, people familiar with the matter said.

Banking 03 Mar 2018 | 12:00 AM

Banks take cautious stance

They see challenging times ahead after ending financial year 2017 on strong note

Economy 15 Feb 2018 | 4:00 AM

Chinese consumers may need to learn to save again

BEIJING: For years, economists and policymakers have hailed the propensity of Chinese to save.

Markets 10 Feb 2018 | 12:00 AM

China banks’ stealth meltdown is just getting started

CHINA’S banks are in trouble again.

Business 03 Feb 2018 | 12:00 AM

Thriving in a disrupted world

Comment by NAZIR RAZAK
“CIMB is in good shape for the future, but, unfortunately, the future is not in good shape.”

Business 03 Feb 2018 | 12:00 AM

Better loan growth this year

SLUGGISH loan growth was a major drag on banks’ performance last year.

Corporate News 10 Jan 2018 | 12:00 AM

Jack Ma’s debt giant grinds to a halt

SHANGHAI: After selling billions of dollars of debt backed by consumer loans last year, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the government steps up curbs on micro lending.

Banking 04 Jan 2018 | 12:00 AM

MoneyGram deal collapse may force a rethink at Ant Financial

SAN FRANCISCO: Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition.