MOST Japanese firms want Bank of Japan Governor Kazuo Ueda to focus on financial market stability at his first policy meeting next week, with few seeing benefits from any easing of its ultra-loose monetary policy, a Reuters monthly poll showed.
HSBC on Wednesday reached out to shareholders, urging them to vote down a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business.
LENDING declined in many parts of the United States over recent weeks, the Federal Reserve announced on Wednesday, amid financial sector troubles unleashed by the rapid collapse of Silicon Valley Bank (SVB).
LAWYERS representing a group of Singaporean bondholders who bought Credit Suisse’s Additional Tier-1 (AT1) bonds are seeking a litigation funder to support a class-action suit against the Swiss government over the write-down of the lender’s AT1 debt.
RUSSIA’S International Investment Bank (IIB) will relocate its headquarters from Budapest back to Russia, according to a statement published on the bank’s website on Wednesday (Apr 19).
CREDIT Suisse Group formally filed its long-awaited US$440 million lawsuit against SoftBank Group stemming from the spectacular collapse of finance firm Greensill Capital.
BITCOIN dropped back below the closely watched US$30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates.
THE Swiss government reaffirmed that the state guarantees for the takeover of Credit Suisse Group by UBS Group are binding, even after parliament last week declined to approve them.
CITIGROUP raised its 2023 global economic growth forecast to 2.4 per cent, citing “solid” performance in the US, euro area and China, and also pushed out its expectation for a US recession to the fourth quarter of the year.
