Maybank CFO's Departure May Damp Investors' Confidence -- Market Talk

Dow Jones

02/18

While no regulatory action is required, and corrective measures have been taken, recent fines for prolonged service disruptions and the CFO's departure could collectively raise Maybank's reputational risk and hurt investors' confidence, TA Securities analyst Li Hsia Wong says. "Maybank CFO's Departure May Damp Investors' Confidence -- Market Talk," at 0432 GMT, incorrectly said that no corrective measures have been taken.

(END) Dow Jones Newswires

February 18, 2025 01:40 ET (06:40 GMT)

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Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Maybank CFO's Departure May Damp Investors' Confidence -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512926188","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512926188","pubTimestamp":1739853120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0432 GMT - The sudden departure of Malayan Banking's CFO could raise governance concerns, particularly as the lender faces reputational challenges, including previous regulatory fines, TA Securities says in a research note. Analyst Li Hsia Wong notes the management's comments that the finance chief's departure is an isolated case, won't result in any financial losses and wasn't prompted by law-enforcement agencies. While no regulatory action is required and no corrective measures have been taken, recent fines for prolonged service disruptions and the CFO's departure could collectively raise Maybank's reputational risk and hurt investors' confidence, she adds. TA Securities maintains its buy rating on Maybank with a target price of MYR12.15. Shares are 0.8% lower at MYR10.48. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6512":"房地产股","BK6045":"建筑与工程","BK4211":"区域性银行","ISBC":"投资者银行","PA3.SI":"长益"},"translate_title":"马来亚银行首席财务官的离职可能会打击投资者的信心——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"PA3.SI":0.72},"content_text":"While no regulatory action is required, and corrective measures have been taken, recent fines for prolonged service disruptions and the CFO's departure could collectively raise Maybank's reputational risk and hurt investors' confidence, TA Securities analyst Li Hsia Wong says. \"Maybank CFO's Departure May Damp Investors' Confidence -- Market Talk,\" at 0432 GMT, incorrectly said that no corrective measures have been taken. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2025 01:40 ET (06:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}