Maybank Singapore is using JP Morgan for all USD remittance when they have their own Maybank NY branch which can process the USD. Why are they paying money to a 3rd party unnecessarily? Where is the shareholder value in that? Despite asking many line managers no one can answer my question directly.
Stock: [MAYBANK]: MALAYAN BANKING BHD
2017-02-08 16:06 | Report Abuse
Maybank Singapore is using JP Morgan for all USD remittance when they have their own Maybank NY branch which can process the USD. Why are they paying money to a 3rd party unnecessarily? Where is the shareholder value in that? Despite asking many line managers no one can answer my question directly.