Tag: banks

European Central Bank directors from Austria and Belgium support further interest rate increases to control inflation, currently at 8.5%. Despite recent banking sector uncertainties, the ECB raised rates by 50 basis points last Thursday, signaling continued commitment to price stability.

RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.

Silicon Valley Bank (SVB) Financial Group filed for Chapter 11 bankruptcy protection after its subsidiary was seized by US regulators. The move follows the bank's collapse, which marks the largest banking failure since Washington Mutual in 2008. Market uncertainty continues as major bank stocks experience declines.

SAN FRANCISCO: The failure of Silicon Valley Bank (SVB) has exposed differences within the typically close-knit venture capital (VC) industry. With some investors blaming...

Singapore bank stocks fell as concerns spread about Credit Suisse's financial stability. The Swiss bank's stock dropped 30% after its largest shareholder declined additional investment, triggering market anxiety about potential global banking sector risks.

Maybank introduces an integrated auto finance solution for electric and hybrid vehicle owners, offering comprehensive financing, insurance, and charging station access. The initiative aligns with the bank's sustainability goals and supports the government's vision of expanding the EV market in Malaysia.

Malaysian banks are poised for robust performance, with Kenanga Research maintaining an overweight rating after Q4 2022 earnings. Despite potential challenges in loan growth and interest margins, non-interest income is expected to provide support, making banking stocks attractive to investors seeking stable returns.