Malaysian banking group AMMB on Feb. 26 said that it will pay the government some 2.8 billion ringgit to settle claims linked to the financial scandal involving sovereign wealth fund 1MDB.
Last year former Prime Minister Najib Razak, who set up the fund in 2009, was found guilty of corruption and money laundering over the transfer of millions of dollars linked to a 1MDB unit into his AmBank accounts between 2014 and 2015. AmBank’s core equity Tier 1 capital ratio will fall from 13.5% to 11% after the settlement, the bank estimated in a statement. As a result, the bank said it did not plan to pay a final dividend for the year to March.
Australia and New Zealand Banking Group will take a A$212 million write-down on the carrying value of its 24% stake in AmBank. That will lower its earnings for the first half of fiscal 2021, Australia’s fourth-largest bank said in a statement to the Australian Securities Exchange.Source: REUTERS/Lim Huey Teng
A man wearing a protective mask walks past an Ambank branch, amid the coronavirus disease outbreak in Kuala Lumpur, Malaysia September 9, 2020.
Reuters ugalani Bu ne biçim banka lan.
Reuters ugalani wow
Reuters ugalani For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her lisaMakT Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
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.