Six major financial institutions roped in to support investment growth KUALA LUMPUR: Six major financial institutions – both local and international – have been roped in to support investment growth in the Johor-Singapore Special Economic Zone (JS-SEZ). The six are Bank of America, HSBC, Sumitomo Mitsui Banking Corporation, CGS International Securities, Maybank and CIMB. Economy
About five years ago this week, George Floyd, a Black man in Minneapolis, was murdered by a white police officer. After the murder and the nationwide movement it inspired, several big banks, including JP Morgan Chase, Citibank, Bank of America and Wells Fargo, announced that they’d invest millions of dollars in small, Black-owned banks across
Bank of America chair and CEO Brian Moynihan said in a statement that the bank’s clients “have been performing well, consumers have shown resilience, continuing to spend and maintaining healthy credit quality.” But he added that “[we] potentially face a changing economy in the future.” Speaking to analysts, Moynihan also said that “there’s a lot