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Business 26 Nov 2008 | 12:00 AM

Massive new US programmes aimed at loosening credit

WASHINGTON (AP) - Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total bailout commitments neared a staggering $7 trillion.

Business 06 Jul 2015 | 12:00 AM

Not so rosy outlook for banking sector

PETALING JAYA: Although the banking sector loan growth inched up in May despite the implementation of the goods and services tax (GST) on April 1, analysts on the whole are not bullish of the attractiveness of the sector.

Business 18 Feb 2009 | 12:00 AM

Banks brace for hard times

Competition is heating up in the home loans segment as banks try to defend, as well as expand, their turf on expectation of prolonged hard times and a further drop in consumer spending amid worsening economic conditions, analysts said.

Business 27 Aug 2005 | 12:00 AM

Maybank declares huge final dividend

Malayan Banking Bhd (Maybank) reported a drop in its fourth quarter net profit as a result of writing down long-standing non-performing loans but declared a huge final dividend of 60 sen a share that, together with its interim payouts, exceeded the bank's net profit for the whole year.

Business 21 Apr 2012 | 12:00 AM

Affin – seeking fresh perception

Affin banking group has improved much since the days of high NPLs. The onus is now on the bank to shake off its poor market impression.

Business 09 Feb 2011 | 12:00 AM

Corporate loans growth to continue

PETALING JAYA: Corporate loans growth fuelled by working capital loans is expected to continue its upward trend this year supported by the multitude of projects under the Economic Transformation Programme (ETP) and the 10th Malaysian Plan (10MP).