Yellen says US banking rules need to be re-examined after failures WASHINGTON: US Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need... Published 30 Mar, 2023 05:58pm
Markets Australia, NZ dollars ease but hold most gains on yen as banking fears ease SYDNEY: The Australian and New Zealand dollars eased on Thursday but held on to most of their hefty gains on the yen... Published 30 Mar, 2023 09:58am
Opinion Preparing for the ‘petroyuan’? I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ... Published 30 Mar, 2023 06:35am
Business & Finance US regulator cites ‘terrible’ risk management for Silicon Valley Bank failure WASHINGTON: A top US regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of... Published 30 Mar, 2023 06:35am
Business & Finance US Fed accepts SVB regulatory failings in second day of hearings WASHINGTON: US regulators charged with overseeing Silicon Valley Bank before its collapse this month said Wednesday... Published 29 Mar, 2023 08:49pm
World UK’s Hunt: will not do anything that compromises financial stability LONDON: British finance minister Jeremy Hunt said that he would not do anything that compromises financial stability... Published 29 Mar, 2023 03:14pm
Markets Euro zone bond yields tread water as bank worries cool LONDON: Euro zone government bond yields were little changed on Wednesday, after two days of increases, as worries... Published 29 Mar, 2023 01:07pm
Business & Finance US bank regulators say system is sound, but rules need review WASHINGTON: Top US banking regulators plan to tell Congress that the overall financial system remains on solid... Published 29 Mar, 2023 06:27am
Markets S&P 500 slips after recent bounce, banks in focus The S&P 500 index slipped on Tuesday after a three-day rally fueled by support measures for the banking sector... Published 28 Mar, 2023 08:15pm
Markets Asian currencies strengthen as global banking concerns ease Asian currencies firmed on Tuesday, with the Malaysian ringgit rising to a five-week high, as confidence in the... Published 28 Mar, 2023 12:40pm
Markets Wall St cuts gains as investors weigh bank risks after SVB deal NEW YORK: Wall Street’s main indexes cut gains on Monday as investors assessed risks to the banking sector... Published 28 Mar, 2023 06:21am
Business & Finance First Citizens to acquire collapsed SVB NEW YORK: First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking... Published 28 Mar, 2023 06:21am
Business & Finance SVB collapse 'textbook case of mismanagement': top Fed official WASHINGTON: The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher... Published 27 Mar, 2023 11:10pm
Markets European equities rebound on SVB sale LONDON: European stock markets rebounded slightly Monday after US lender First Citizens bought most of collapsed... Updated 27 Mar, 2023 05:13pm
Markets Asian FX tumbles after turmoil in global banking system returns Asian currencies slipped at the start of the week, with the dollar standing firm on Monday after Germany’s largest... Published 27 Mar, 2023 11:19am
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 Asia shares skittish, US and Europe futures edge higher SYDNEY: Asian shares struggled on Monday while US and European stock futures edged higher on hopes authorities were... Published 27 Mar, 2023 10:30am
Markets Indian shares open higher as SVB acquisition hopes aid sentiment BENGALURU: Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed... Published 27 Mar, 2023 10:01am
Markets US Fed mulls more rate hikes amid banking uncertainty WASHINGTON: American banks will be paying especially close attention to the Federal Reserve’s interest-rate decision... Published 22 Mar, 2023 01:30pm
Business & Finance US banking sector ‘stabilizing’ after recent turmoil: Yellen WASHINGTON: The US banking sector is “stabilizing” after the recent failures of Silicon Valley Bank and Signature... Published 21 Mar, 2023 05:43pm
Markets Cryptoverse: Bitcoin passes the bank stress test As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The... Published 21 Mar, 2023 12:41pm
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 US regulator sells failed Signature Bank assets to another lender SAN FRANCISCO: The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to... Published 20 Mar, 2023 12:04pm
Markets Credit Suisse takeover, central bank action calm jittery markets Moves by authorities to avert a global banking crisis lifted market confidence on Monday as investors welcomed a... Updated 20 Mar, 2023 12:35pm
World US Senator Warren calls for investigation into SVB and Signature Bank failures US Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the... Published 19 Mar, 2023 04:31pm
Markets US Fed to balance banking woes, inflation in next rate decision WASHINGTON: US central bankers face an unenviable task when they gather in Washington next week: tackling persistent... Updated 19 Mar, 2023 12:19pm
Markets JGB market steady as banking crisis jitters ebb SINGAPORE: Japanese government bond yields edged higher on Friday, after financial support for Credit Suisse and... Published 17 Mar, 2023 12:44pm
Markets Indian startups have deposits of about $1 billion in SVB, minister says MUMBAI: Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country’s... Published 17 Mar, 2023 12:39pm
Markets Wall Street giants move to rescue First Republic Bank NEW YORK: America’s largest banks moved Thursday to shore up First Republic, easing fears that the regional lender... Published 17 Mar, 2023 11:34am
Business & Finance ECB raises rates as planned despite banking turmoil FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring... Published 17 Mar, 2023 07:09am