Forint, crown edge down with rate meetings in focus PRAGUE: The Hungarian forint and Czech crown edged down on Monday, as markets turned to central bank meetings due... Published 28 Mar, 2023 06:21am
Markets Saudi National Bank chair resigns after Credit Suisse buyout RIYADH: The chairman of Saudi National Bank, which was the main shareholder of troubled lender Credit Suisse before... Published 27 Mar, 2023 01:53pm
Markets A buyer for SVB soothes broader markets, but default stress haunts banks A buyer for Silicon Valley Bank’s deposits and loans helped cast an uneasy calm over fragile markets on Monday,... Published 27 Mar, 2023 11:02am
Markets Dollar steady as banking crisis fears keep investors jittery SINGAPORE: The dollar was firm on Monday, while the yen hovered near its seven-week peak as investors assessed moves... Published 27 Mar, 2023 10:13am
Business & Finance Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 27 Mar, 2023 07:28am
Business & Finance Credit Suisse could face disciplinary action, Swiss regulator says ZURICH: Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit... Published 27 Mar, 2023 07:26am
Business & Finance UBS-Credit Suisse deal may not lead to Swiss bliss GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown — but ... Published 27 Mar, 2023 06:15am
Business & Finance Credit Suisse could face disciplinary action, Swiss regulator says ZURICH: Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit... Updated 26 Mar, 2023 10:27pm
Print Banking stocks slide NEW YORK: Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that... Published 25 Mar, 2023 06:25am
Markets Swiss franc grapples with safe-haven identity crisis after Credit Suisse LONDON: The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors... Published 24 Mar, 2023 02:07pm
Business & Finance Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 23 Mar, 2023 06:05pm
Markets Swiss sweat over size of new superbank ZURICH: The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with... Published 22 Mar, 2023 11:21am
Markets Wall Street gains as bank contagion fears subside NEW YORK: Wall Street’s main indexes climbed on Tuesday after the rescue of Credit Suisse calmed nerves about a... Published 22 Mar, 2023 06:24am
Markets China, HK stocks rise SHANGHAI: China and Hong Kong shares rose on Tuesday, as fears of a global banking crisis eased after investors... Published 22 Mar, 2023 06:24am
Markets Gasoil margins driven by volatile oil SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were driven by volatile oil futures and continuous tight prompt... Published 22 Mar, 2023 06:24am
Markets Oil prices rebound from 15-month low HOUSTON: Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit... Published 22 Mar, 2023 06:24am
Markets Hong Kong stocks end on a strong note HONG KONG: Hong Kong stocks finished with healthy gains Tuesday, clawing back some of the previous day’s rout, as... Updated 21 Mar, 2023 01:43pm
Markets Switzerland’s secretive Credit Suisse rescue rocks global finance ZURICH: Days before a hastily convened press conference late on Sunday that would make the world’s front pages,... Published 21 Mar, 2023 10:48am
Markets Dollar languishes as bank crisis fears ebb on Credit Suisse rescue SINGAPORE: The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back... Published 21 Mar, 2023 10:11am
Markets Indian shares fall as banking contagion fears sour mood BENGALURU: Indian shares closed lower on Monday with investors fretting about contagion risks in the global banking... Published 21 Mar, 2023 06:29am
Markets European stocks end turbulent day up as markets assess Credit Suisse rescue PARIS: European stocks reversed sharp early losses and rose on Monday as banking stocks rebounded from three-month... Published 21 Mar, 2023 06:29am
Markets S&P, Dow gain as bank fears ease ahead of Fed meeting NEW YORK: The S&P 500 and the Dow Jones gained on Monday as a state-backed rescue of embattled lender Credit... Published 21 Mar, 2023 06:29am
Business & Finance Dollar slides as investors digest Credit Suisse rescue WASHINGTON: The dollar slid on Monday as investors reacted nervously to UBS’ cut-price takeover of its beleaguered... Published 21 Mar, 2023 06:29am
Markets Oil prices rebound after hitting lowest since 2021 on banking fears NEW YORK: Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the... Published 20 Mar, 2023 11:36pm
Business & Finance Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign... Published 20 Mar, 2023 09:07pm
Business & Finance UBS mulls sweeteners to keep Credit Suisse wealth bankers LONDON: UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it... Published 20 Mar, 2023 07:37pm
Business & Finance Two weeks of banking turbulence PARIS: After three US regional lenders collapsed and UBS swooped to buyout troubled Credit Suisse to avoid a wider... Published 20 Mar, 2023 06:58pm
Markets First Republic shares fall as private placement report stirs fresh liquidity fears Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a... Published 20 Mar, 2023 03:36pm
Markets Credit Suisse shares slump over 61% in premarket trading after UBS deal LONDON/ZURICH: Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS... Published 20 Mar, 2023 01:35pm
Markets French banks stable, Credit Suisse takeover deal welcome PARIS: Bank of France head Francois Villeroy de Galhau said French banks were stable and profitable and had good... Published 20 Mar, 2023 01:32pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?