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Axiata, YTL unlikely to see material contributions from digital banks in near term: Maybank

MALAYSIA telco Axiata Group and utilities provider YTL Power are unlikely to see material contributions from their digital banking units in the initial years, although their new digital bank licences should offer them another value creation avenue, Maybank said on Thursday (Apr 5).

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Grab may have advantage over other players in Malaysia digital bank space: Maybank

GRAB likely has an advantage over its other digital bank competitors in Malaysia given its e-wallet share in the country, Maybank said on Sunday (May 1).

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Brokers’ take: RHB downgrades UOB to ‘neutral’, expects headwinds to moderate FY2022 growth

RHB on Wednesday (May 4) downgraded UOB to “neutral” from “buy” and lowered its target price to S$32.70 from S$38.10 as it expects headwinds to moderate growth for the bank’s FY2022.

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National Australia Bank agrees to rectify money laundering concerns by 2024

National Australia Bank (NAB) said on Monday (May 2) that it had entered into an agreement with Australia’s financial crime regulator to address concerns around suspected serious breaches of anti-money laundering and counter-terrorism laws at the lender.

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Berkshire Hathaway reports drop in earnings, driven by investment losses

Berkshire Hathaway, an insurance and investing conglomerate run by billionaire and investment legend Warren Buffett, reported Saturday a significant drop in earnings in the first quarter.

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After 10% dip in Q1 profits, local lenders bank on rising rates to boost margins

Singapore’s banking trio logged declines in net profits for the first quarter. But their loans and net interest income rose, offering hopes of increasing profitability in the coming quarters.

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Hot stocks: Shares of DBS, OCBC rise over 3% after announcing Q1 results, UOB down 3.1%

SHARES of the 3 local banks saw active trading on Friday (Apr 29) morning after they all announced a 10 per cent drop in their net profit for the first quarter ended Mar 31, 2022.

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OCBC Q1 earnings 10% lower at S$1.36b

OCBC reported S$1.36 billion in net profit for the quarter to March, 10 per cent lower than the record earnings of S$1.5 billion a year ago, as the local bank's wealth management fees, trading income and life insurance profit slipped.

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OCBC flags volatile investing climate as headwind; Q1 earnings dip 10% on lower wealth management, trading income

OCBC chief executive has flagged a volatile investing environment as a headwind, and expects customers to be “not as active as last year”. This comes as the bank reported a 10 per cent dip in quarterly earnings, partly due to lower wealth management fees and trading income.

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OCBC flags volatile investing climate as headwind; Q1 earnings dip 10%

OCBC chief executive Helen Wong has flagged a volatile investing environment as a headwind, and expects customers to be “not as active as last year”. This comes as the bank reported a 10 per cent dip in quarterly earnings, partly due to lower wealth management fees and trading...

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