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AS World Bank shareholders gather in Washington for their annual spring meeting that began on Monday (Apr 10), the global institution appears to be on the brink of significant change.

SOME smaller Chinese lenders cut interest rates for time deposits over the weekend, following a similar move by their larger rivals last year, after several lending rate reductions by policymakers started to squeeze their margins.

KAZUO Ueda took over the reins at the Bank of Japan (BOJ), replacing Haruhiko Kuroda, whose decade-long aggressive easing efforts made the central bank capable of jolting global financial markets with just a small tweak to its policy.

FAILED crypto exchange FTX Trading lacked fundamental financial and accounting controls, stifled dissent within the company and joked internally about their tendency to lose track of millions of dollars in assets, according to a report by the company’s debtors.

SWISS Finance Minister Karin Keller-Sutter said that Switzerland’s economy would probably have collapsed had Credit Suisse gone bankrupt, in an interview published on Sunday (Apr 9).

JAPANESE companies are selling record amounts of short-term bonds, a sign that they are bracing for the likelihood that the central bank will dismantle its ultra-low interest rate policy.

DEPOSITS at US commercial banks rose near the end of March for the first time in about a month, showing signs of stabilising after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors.

FOR months, consumers have clamoured for banks to pay out more for deposits as the Federal Reserve (Fed) raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers’ cash parked in their accounts...

THE US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase chief executive officer Jamie Dimon said.

ABU Dhabi Commercial Bank (ADCB) is not in talks with funds to sell 13.5 billion dirham (S$4.9 billion) of bad loans, it said late on Thursday in response to a Bloomberg report citing unnamed sources.