Thursday, October 21, 2021

banks

The Panama law firm heavily implicated in ‘Pandora Papers’ revelations

The firm worked with figures in some of the most notorious financial scandals of the last decade, including the massive Latin American bribery plot involving Brazilian construction company Odebrecht and the soccer corruption case known as 'Fifagate,' according to the ICIJ.

Dire need for blanket loan moratorium, think tank warns as MCO extended

Emir Research makes its case for the government to announce an automatic loan moratorium, saying it would be a win-win situation even if some wealthy borrowers get a 'free ride'.

Zafrul must lose his banker’s hat

The Covid-19 crisis has given Tengku Zafrul Aziz an opportunity to show that he can use his knowledge of banks to help the people.

Govt has the power to compel banks on moratorium, lawyer questions Zafrul’s claim

The government can either 'politely' ask banks or flex its muscles on renewing licences or even invoke its emergency powers, says Derek Fernandez.

It’s not about us, experts say on Citi exit from consumer banking market

They say foreign banks are moving towards consolidation in order to maximise their profits.

Citigroup to exit Malaysia, 12 other consumer banking markets

This is part of its policy shift towards expanding wealth management operations in 'wealth centres' where the company has best scaling opportunities.

Can banks sustain another blanket moratorium?

When banks' profitability is challenged, their capacity to lend is affected.

‘Extra cautious’ banks point borrowers at govt aid as pandemic rages on

New loan applicants should make use of the various programmes under initiatives like Penjana, they say.

FinCEN expose cuts deep into Singapore’s claim to financial transparency

The city-state can ill-afford to be named in such a damning expose.

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