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Firms urged to focus on risk management
Over the last few months, a number of financial and securities firms and local branches of commercial banks have encountered bad debt. This has raised concerns over corporate management.
New Synovus executive Allen Gula Jr. puts focus on growth and expansion, not acquisition
As a banking industry executive, Allen Gula Jr. has followed the plight of Synovus Financial Corp. through the years. He knows the company has struggled mightily with loan losses, an anemic stock price...
Draft Microfinance Bill gives RBI total control and puts sector under strict watch
Draft Microfinance Bill gives RBI total control and puts sector under strict watchDraft Microfinance Bill gives RBI total control and puts sector under strict watch
Great Eastern’s Wei to focus on middle class in Southeast Asia
Christopher Brian Wei, group chief executive officer at Great Eastern Holdings, said he plans to focus on the “untapped” middle-class population in Vietnam, Malaysia and Indonesia, where the company...
New banking group to focus on senior citizens
Looking to capitalize on a growing population of older Americans, Synovus Financial Corp. said Thursday it is setting up a group to focus on lending in that area.
Lloyds Banking Cuts 15,000 Jobs, Unveils Stronger U.K. Focus
Lloyds Banking Group Plc, Britain’s biggest mortgage lender, will cut 15,000 jobs and reduce costs by an additional 1.5 billion pounds ($2.4 billion) as it withdraws from overseas units and increases...
Business : Lack Of Financial Awareness May Aggravate Quality Of Life On Retirement
PUTRAJAYA, June 28 (Bernama) -- The lack of financial awareness and of available investment products at an early age may aggravate the quality of life on retirement, said Deputy Finance Minister, Datuk...