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Business 26 Feb 2020 | 7:00 AM

UBS, Credit Suisse emergency plans deemed effective

ZURICH: The emergency plans of UBS and Credit Suisse to deal with a financial crisis are effective, Switzerland’s regulator FINMA said.

Corporate News 18 Apr 2018 | 10:29 AM

PIDM: MFRS 9 to result in comprehensive provisioning methods

KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) expects the Malaysian Financial Reporting Standards 9 (MFRS 9), which was implemented on Jan 1, 2018, to result in comprehensive provisioning methods.

Banking 12 May 2017 | 3:54 AM

Prospects for bad loan clean-up at Indian banks improving, says Fitch

MUMBAI/SINGAPORE: Recent regulatory actions in India suggest the authorities are making a more concerted push to tackle banks' bad loan problems, says Fitch Ratings.

Business 27 Jan 2017 | 12:00 AM

PIDM expects RM585mil revenue for fiscal 2017

KUALA LUMPUR: The Malaysia Deposit Insurance Corporation (PIDM) expects revenue of RM585 mil in its financial year (FY) 2017 and has budgeted operating expenses of RM120mil, with a projected net surplus of RM465mil.

Corporate News 26 Jan 2017 | 6:22 AM

PIDM expects RM585m revenue for FY17

KUALA LUMPUR: Malaysia Deposit Insurance Corp (PIDM) expects revenue of RM585 million for financial year 2017 and has budgeted operating expenses of RM120 million, with a projected net surplus of RM465 million.

Corporate News 03 Aug 2016 | 10:34 AM

Bank Negara limits tenure for banks' independent directors not exceeding 9 yrs

KUALA LUMPUR: Bank Negara Malaysia wants the boards of financial institutions to limit the tenure for independent directors to not more than nine years as it seeks to raise the bar for corporate governance.

Business 16 Jul 2014 | 8:56 AM

Yellen defends loose Fed policy, says job market still too weak

WASHINGTON: Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."

Business 11 Aug 2012 | 12:00 AM

US banks told to take steps to prevent collapse

CHARLOTTE: US regulators directed five of the countrys biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasising that the banks could not count on government help.

World 22 Jun 2011 | 12:00 AM

China praises Libya rebels as important political force

BEIJING (Reuters) - China's foreign minister lavished praise on Libya's rebel National Transitional Council on Wednesday, calling it an