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THE spotlight is on the country’s smallest lender, Alliance Bank Malaysia Bhd, which could be looking at paring down its stake in its wholly-owned subsidiary, Alliance Investment Bank Bhd (AIBB).
TWO decades since the 1997/98 Asian Financial Crisis (AFC), the regional banking landscape has changed much, especially in the last few years with the emergence of online and mobile banks, as well as peer-to-peer lending and payment practices.
IT IS safe to say that markets will tread in uncharted waters with Malaysia having a change in government for the first time in history,
PETALING JAYA: With scale being an increasingly important factor in the local banking industry, talk has now emerged that Alliance Financial Group Bhd (AFG) could be looking to merge with Hong Leong Bank Bhd (HLB)
KUALA LUMPUR: Alliance Financial Group Bhd (AFG), the smallest financial institution in terms of asset size, has dismissed speculation that it is the subject of a merger. The bank, which has seen some changes in shareholding, said it was financially sound and looking to lift its returns to shareholders.
After the RHB-AMMB proposed merger, talk of more M&As in the sector has resurfaced
SINGAPORE: Singapore does not want to host an annual Formula One (F1) grand prix anymore, F1 CEO Bernie Ecclestone told German magazine Auto Motor und Sport, casting doubt on the future of Formula One in South-East Asia as Malaysia is also considering pulling out.
THE recent changes at the shareholding in Langkah Bahagia Sdn Bhd, the single largest shareholder in Alliance Financial Group Bhd (AFG), marks the end of the Tun Daim Zainuddin era in the local banking scene.
THE major shareholding change that recently took place at Alliance Financial Group Bhd (AFG) could pave the way for big changes in the group’s ownership structure. There are a few reasons for this.
Tun Daim Zainuddin is a man in love with the banking business – that’s how the former Finance Minister of Malaysia has been described by some of his close associates.