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2019-08-15 14:13 | Report Abuse
Just google <RHB Scandals>
Below are all the search results.
RHB Bank has been embroiled with a string of scandals in the last few years. Many senior managements at its Investment Bank division left in the last two years. RHB Bank mobile app is also significantly lag behind its peers like Maybank and CIMB.
CIMB has a JV with Ant Financial (holdings company of Alipay). If you ask me to choose a bank in Malaysia, i would definitely go for either CIMB for its digital banking or Maybank for its most extensive ATM network that gives convenience to all its customers.
RHB Investment Bank Profit Before Tax collapsed to RM20m+ in FY2018, from the peak of RM 340m back in FY2014. The sharp declined in earnings is due mainly to OVEREXTENDING DEBTS AND CREDITS TO oil and gas sector before oil price collapsed in 2H14.
Don't waste time looking to invest in RHB Bank. Aabar, subsidiary of UAE sovereign wealth fund (with US$1 trillion in assets) had ceased to be a substantial shareholder in the bank. That tells a lot.
Spate of RHB resignations sets tongues wagging
https://www.theedgemarkets.com/article/spate-rhb-resignations-sets-tongues-wagging
RHB denies there is an investigation of its asset arm selling certain stocks
Read more at https://www.thestar.com.my/business/business-news/2016/08/25/no-selldown#1fX2TISjxKLboiqV.99
Aabar putting up for sale remaining 9.9% stake in RHB Bank
Read more at https://www.thestar.com.my/business/business-news/2019/06/17/aabar-putting-up-for-sale-remaining-9pt9pct-stake-in-rhb-bank#lU2QwfigPQLj3gYs.99
RHB refutes allegation of involvement in financial scandal
https://www.theedgemarkets.com/article/rhb-refutes-allegation-involvement-financial-scandal
RHB also refute Sarawak Report's baseless allegations
https://www.nst.com.my/business/2018/03/340366/rhb-also-refute-sarawak-reports-baseless-allegations
Stock: [RHBBANK]: RHB BANK BERHAD
2019-08-15 17:00 | Report Abuse
Just google <RHB Scandals>
Below are all the search results.
RHB Bank has been embroiled with a string of scandals in the last few years. Many senior managements at its Investment Bank division left in the last two years. RHB Bank mobile app is also significantly lag behind its peers like Maybank and CIMB.
CIMB has a JV with Ant Financial (holdings company of Alipay). If you ask me to choose a bank in Malaysia, i would definitely go for either CIMB for its digital banking or Maybank for its most extensive ATM network that gives convenience to all its customers.
RHB Investment Bank Profit Before Tax collapsed to RM20m+ in FY2018, from the peak of RM 340m back in FY2014. The sharp declined in earnings is due mainly to OVEREXTENDING DEBTS AND CREDITS TO oil and gas sector before oil price collapsed in 2H14.
Don't waste time looking to invest in RHB Bank. Aabar, subsidiary of UAE sovereign wealth fund (with US$1 trillion in assets) had ceased to be a substantial shareholder in the bank. That tells a lot.
Spate of RHB resignations sets tongues wagging
https://www.theedgemarkets.com/article/spate-rhb-resignations-sets-tongues-wagging
RHB denies there is an investigation of its asset arm selling certain stocks
Read more at https://www.thestar.com.my/business/business-news/2016/08/25/no-selldown#1fX2TISjxKLboiqV.99
Aabar putting up for sale remaining 9.9% stake in RHB Bank
Read more at https://www.thestar.com.my/business/business-news/2019/06/17/aabar-putting-up-for-sale-remaining-9pt9pct-stake-in-rhb-bank#lU2QwfigPQLj3gYs.99
RHB refutes allegation of involvement in financial scandal
https://www.theedgemarkets.com/article/rhb-refutes-allegation-involvement-financial-scandal
RHB also refute Sarawak Report's baseless allegations
https://www.nst.com.my/business/2018/03/340366/rhb-also-refute-sarawak-reports-baseless-allegations