Citigroup targets stronger profitability as CEO Fraser drives overhaul
NEW YORK: Citigroup laid out stronger profitability targets for the next two years at its investor day on Thursday, as CEO Jane Fraser spearheads a company-wide overhaul to drive growth.
Bank Negara's international reserves at US$129.7bil as at April 30, 2026
KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves stood at US$129.7 billion as at April 30, 2026.
Malaysia's economy remains resilient despite West Asia risks, says Bank Negara governor
KUALA LUMPUR: Malaysia's economy remains resilient despite mounting risks from the ongoing West Asia conflict, supported by strong domestic demand, sustained investment activity and robust exports linked to the global technology and artificial intelligence (AI) upcycle.
RHB unveils SME stabilisation relief facility
KUALA LUMPUR: RHB Bank Bhd has introduced a suite of financing and repayment relief measures to help small and medium enterprises (SMEs) manage the impact of global economic uncertainties and supply chain disruptions.
Singapore bank OCBC's Q1 profit rises 5%, beats estimates
SINGAPORE: Singapore's Oversea-Chinese Banking Corp (OCBC) beat first-quarter profit forecasts on Friday, but built additional precautionary buffers as the war in the Middle East and related energy shocks raised risks to growth in Southeast Asia.
CIMB debuts protection-linked salary account
CIMB Bank Bhd's newly launched salary account is set to support current and savings account (Casa) growth as the bank aims to strengthen its low-cost funding base.
China state banks to get major capital injection
China will roll out a fresh round of capital injections into its largest state-owned commercial banks through the issuance of special treasury bonds, a move set to significantly boost their lending capacity and strengthen support for the real economy.
Extended OPR pause signals confidence in Malaysia’s economic resilience
KUALA LUMPUR: Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent for a sixth consecutive Monetary Policy Committee (MPC) meeting reflects growing confidence in the resilience of Malaysia's domestic economy despite mounting global uncertainties, economists said.
RHB Bank appoints former CelcomDigi CEO Mohamad Idham Nawawi as independent director
KUALA LUMPUR: RHB Bank Bhd has appointed former CelcomDigi Bhd chief executive officer Datuk Mohamad Idham Nawawi as an independent non-executive director, effective May 7, 2026.
CIMB appoints Mak Joon Nien as CEO of growth markets and CEO of CIMB Singapore
PETALING JAYA: CIMB Group Holdings Bhd has appointed Mak Joon Nien as chief executive officer (CEO) of growth markets and CEO of CIMB Singapore, subject to regulatory approval.
