ECB’s Lagarde says digital euro has key role in payment autonomy
A DIGITAL euro has a key role to play in safeguarding European payment autonomy, according to European Central Bank President Christine Lagarde.
Credit Suisse’s Singapore assets represent 1.6% of local banking sector: MAS
THE Singapore branch of Credit Suisse has total assets amounting to about S$38 billion as of Feb 28, 2023, representing 1.6 per cent of the… Read More »Credit Suisse’s Singapore assets represent 1.6% of local banking sector: MAS
Yellen vows to safeguard US bank deposits, may need more interventions
THE US banking system is stabilising after strong actions from regulators, but further steps to protect bank depositors may be needed if smaller institutions suffer… Read More »Yellen vows to safeguard US bank deposits, may need more interventions
Credit Suisse shareholder group flags override of vote in UBS merger
ONE of Credit Suisse Group’s biggest shareholder groups said the rushed merger of its bank with UBS Group over the weekend is an unprecedented breach… Read More »Credit Suisse shareholder group flags override of vote in UBS merger
Credit Suisse collapse likely to tarnish Switzerland’s reputation as a safe place to invest
The shocking demise of Credit Suisse may well sully Switzerland’s banking reputation for years, possibly decades, to come. Earlier this week, Swiss President Alain Berset… Read More »Credit Suisse collapse likely to tarnish Switzerland’s reputation as a safe place to invest
Banking turmoil pounding investor confidence
THIS month’s US banking system turmoil and renewed recession worries have left global investor confidence at one of the lowest levels in the last 20… Read More »Banking turmoil pounding investor confidence
Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks
INVESTORS stepped cautiously into bank stocks on Tuesday (Mar 21), emboldened by the rescue of Credit Suisse, with share prices tentatively rising in Europe and… Read More »Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks
To avert a financial crisis, the Fed seems poised to keep interest rates unchanged
THE US Federal Reserve could try to shock the banking system back to life and avert a burgeoning financial crisis by holding interest rates steady… Read More »To avert a financial crisis, the Fed seems poised to keep interest rates unchanged
Punch-drunk Credit Suisse was fated to fall
AN EXTRAORDINARY weekend in Switzerland culminated in the collapse of Credit Suisse into the wary embrace of its great rival, UBS. The latter did not… Read More »Punch-drunk Credit Suisse was fated to fall
Asian banks preferred on lower-risk, limited contagion from recent banking fallout: analysts
AMID the banking fallout in the US and the European Union(EU), Asian banks are seen as relatively low-risk given their lower exposure to US and… Read More »Asian banks preferred on lower-risk, limited contagion from recent banking fallout: analysts