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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.
Call for more incentives to promote large-scale use of EVs
COPENHAGEN: Major central banks in Europe and Asia are scaling back their offers of dollars to lenders in a sign of confidence that the pandemic’s grip on markets is loosening, even if the economic pain persists.