Indian central bank likely intervenes to defend rupee as oil prices climb, traders say
MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Friday to limit the rupee's fall as a run-up in oil prices and U.S. bond yields pressured the currency, three FX traders at banks and one at an FX brokerage told Reuters.
Maybank completes acquisition of remaining interest in Maybank Ageas
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has completed the proposed acquisition of the remaining 30.95 per cent interest in Maybank Ageas Holdings Bhd after signing a share purchase agreement with Ageas Insurance International NV (Ageas) on Sept 8, 2026.
Traders bet on two rate hikes by year-end before ECB meeting
Euro zone government bond yields hovered near multi-year highs on Wednesday before the European Central Bank meeting as traders priced in two rate hikes in 2026 and a deposit rate of 3% by late 2027.
Public Bank proposes to privatise Public Financial Holdings in RM379mil deal
KUALA LUMPUR: Public Bank Bhd (PBB) has proposed to privatise its 73.23%-owned Public Financial Holdings Ltd (PFHL) and withdraw the latter's listing from the Hong Kong Stock Exchange (HKSE).
Maybank launches Savings+ money market investment feature on MAE
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has launched Savings+, a money market investment feature on its MAE app that allows customers to invest from as little as RM10.
Maybank, Ageas Insurance ink SPA for RM4.83bil MAHB acquisition
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has entered into an unconditional share purchase agreement (SPA) with Belgium-based Ageas Insurance International NV to acquire the remaining 30.95 per cent equity interest in Maybank Ageas Holdings Bhd (MAHB) for RM4.83 billion.
Italy should tax banks like they do in Spain, says vice-premier Salvini
ROME: Italy's right-wing vice-premier Matteo Salvini says Spain's Socialist leader Pedro Sánchez has gotten it right when it comes to taxing banks.
Healthy loan growth likely for banks in 2026
PETALING JAYA: Malaysia's banking sector is expected to sustain healthy loan growth as resilient domestic demand and stronger regional lending momentum support credit expansion through 2026.
RHB completes five-year anti-corruption plan
KUALA LUMPUR: RHB Banking Group has completed all 27 initiatives under its five-year Organisational Anti-Corruption Plan (OACP) 2022-2026 as it moves to develop a new anti-corruption strategy.
China to pump US$54bil into state banks, insurers in capital-boosting push
BEIJING: China's finance ministry will lead a combined $54 billion capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.
