ANZ takes $212m profit hit after Malaysian corruption
ANZ takes $212m profit hit after Malaysian corruption settlement 10 minutes ago 2 ANZ’s Malaysian bank has been fined $900 million fine for failing to prevent one of the largest global corruption scandals, causing a hit to profits for the big four bank.


ANZ talks to sell stake in Malaysia’s AmBank scrapped -sources
ANZ has been seeking to sell its AmBank stake since early last year as it divests of minority stakes in Asia, and after the Malaysian bank featured in investigations into alleged corruption at …


ANZ in profit rebound but warns of murky outlook for …
Australia and New Zealand Banking Group Ltd <ANZ.AX> booked an 18 percent jump in annual cash profit on lower bad debts and cost cuts, but warned that finding revenue growth was getting harder. The divestments also come amid a broader trend of Australian banks quitting scandal-hit divisions to boost capital. Rhett Kessler, a senior fund manager at Pengana Capital, a long term ANZ investor …


ASX treads water as investors focus on US presidential …
The provisions and impairment will take around $640 million before tax off second-half profit. Its shares rose 0.6 per cent, ANZ shares rose 1.4 per cent, Commonwealth Bank gained 0.8 per cent …


Trading Day: live markets coverage July 4, 2018
ANZ to come under focus following the arrest of former Malaysian prime minister Najib Razak who was last night arrested by the country’s powerful anti-­corruption agency over his alleged role …


PM Najib — China-Malaysia, Malaysia Political-Economy, and …
Malaysia’s 1MDB Decoded – How Millions Went Missing, A Malaysian government investment fund is embroiled in a corruption scandal that is roiling an important U.S. ally. Government investigators say nearly $700 million was deposited into Malaysian Prime Minister Najib Razak’s bank account.


Khor Yu Leng research
ANZ quizzed over AmBank link to Malaysia’s 1MDB corruption scandal THE AUSTRALIAN APRIL 4, 2016….. With ANZ holding almost a 25 per cent shareholding in the Malaysian bank, ANZ has three permanent positions on AmBank’s board, which will soon include Mr Hodges himself and, formally, ANZ’s chief executive Shayne Elliott…..


Argentina’s two-year market honeymoon ends in separation
Just two years after regaining access to markets, ending more than a decade as a financial pariah, Argentina has once again found itself shut off from global capital after a new financial crisis hit the country, forcing it to ask for help from the International Monetary Fund. The crisis, which has been brewing since the Banco Central de la Republica Argentina ditched inflation targets in …


Archive for 2019 | Sarawak Report
Najib and Goldman reckoned without Malaysian unity against corruption and now both the ex-PM and the entire bank, which is now being criminally prosecuted by the new Malaysian Attorney General and sued by Malaysia for US$7.5 billion in lost funds, should face the justice they deserve…..


Frank White — China-Malaysia, Malaysia Political-Economy …
Archive of Khor Yu Leng’s blogspot that covers China-Malaysia, Singapore-Malaysia, and other Malaysia political-economy topics.