KUALA LUMPUR, July 28 — Asia-Pacific (APAC) banks’ profitability is expected to deteriorate over the next few years as the Covid-19 pandemic accelerates structural changes in their markets, said Moody’s Investors Service. In a statement today, Moody’s said banks in the region are all facing...
Tuesday, 28 Jul 2020 07:11 PM MYT
In a statement today, Moody’s said banks in the region are all facing a growing need to change their business models to overcome these challenges. Additionally, deflationary pressure from a reduction in aggregate demand and low oil prices will keep interest rates low for a prolonged period. “To reduce their dependence on NII from domestic markets, banks will increasingly pursue other revenue sources or expand overseas while continuing with digitisation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19: WHO advises against keeping borders closed | New Straits TimesGENEVA: Keeping borders closed to halt the spread of Covid-19 is unsustainable, the World Health Organisation said on Monday, urging countries to adopt comprehensive strategies based on local knowledge of where the virus is spreading.
Read more »
Emergent signs US$174m deal to make AstraZeneca’s potential Covid-19 vaccine | Malay MailLONDON, July 27 — Emergent BioSolutions Inc said today it signed a US$174 million (RM739.9 million) agreement with AstraZeneca to develop and manufacture the British drugmaker’s Covid-19 vaccine candidate. AstraZeneca in June picked Emergent to help produce 300 million doses of its potential...
Read more »
Selangor kemas kini SOP susulan peningkatan kes Covid-19 | The Malaysian InsightMenteri besar akan mengadakan pertemuan dengan pasukan petugas pencegahan Covid-19 negeri dalam masa terdekat.
Read more »
Health DG: Third wave of Covid-19 infections possible if people continue to flout SOPPUTRAJAYA: The government is concerned that a third wave of Covid-19 infections could occur if people continue to flout standard operating procedures (SOP) in place, says Health director-general Datuk Dr Noor Hisham Abdullah.
Read more »
Bollywood’s Aishwarya Rai, daughter, recover from Covid-19Her husband Abhishek Bachchan and his father, renowned actor Amitabh Bachchan, 77, are still recovering from the disease. FMTNews Covid19
Read more »