KUALA LUMPUR, March 16 — Malaysia’s banks have no direct exposure to the recent failed US banks and have very limited indirect exposure, central bank Bank Negara Malaysia (BNM)...
KUALA LUMPUR, March 16 — Malaysia’s banks have no direct exposure to the recent failed US banks and have very limited indirect exposure, central bank Bank Negara Malaysia reportedly said.
“Any indirect exposure from counter-parties or borrowers with linkages to the US banks is also very limited,” BNM was quoted as saying by Bloomberg News. Bloomberg News noted that the US had earlier this week faced a “mid-sized banking stress”, and also pointed out Switzerland’s second-biggest bank Credit Suisse Group AG’s woes which it said had sent shock waves across the global financial system.
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