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Blackstone’s SVB deal that got away shows private equity sidelined in crisis

SILICON Valley Bank (SVB) had just collapsed and Blackstone’s dealmakers saw an opportunity. One problem: The firm didn’t want to look like a vulture.

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Bank of Japan’s holdings of JGBs hit record in March: data

THE Bank of Japan’s (BOJ) holdings of Japanese government bonds (JGBs) hit a record at the end of March, the central bank’s data showed on Friday (Apr 7).

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China’s interbank repo turnover hits record, PBOC drains cash

THE volume of repurchase agreements (repos) traded in China’s interbank market surged to a record high this week, as loosened liquidity conditions at the start of the month prompted investors to build up leverage to amplify profit.

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UBS CEO tells Credit Suisse staff to stay focused on clients and the business

UBS chief executive Sergio Ermotti has told Credit Suisse staff it is “critical” to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an internal memo seen by Reuters.

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Schwab reveals US$53 billion in new client assets in March, seeking to calm investors

CHARLES Schwab’s top executives said core net new client assets hit US$53 billion in March, a month that rocked the company as turmoil engulfed the broader banking sector.

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IMF chief calls on central banks to continue inflation fight

CENTRAL banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund (IMF) told AFP on Thursday (Apr 6).

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Abu Dhabi Commercial Bank in talks to sell US$3.7 billion bad debt

ABU Dhabi Commercial Bank (ADCB) is in talks with funds to sell 13.5 billion dirhams (S$4.9 billion) worth of soured loans, as the emirate’s second-largest lender steps up efforts to clean up its books.

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Abu Dhabi Commercial Bank in talks to sell 13.5 billion dirhams bad debt

ABU Dhabi Commercial Bank (ADCB) is in talks with funds to sell 13.5 billion dirhams (S$4.9 billion) worth of soured loans, as the emirate’s second-largest lender steps up efforts to clean up its books.

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India pauses rate hikes in surprise decision, but door open for more

THE RESERVE Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday (Apr 6) after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence on the economy.

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RBA says banks are strong, households resilient to higher rates

AUSTRALIA’S lenders are “unquestionably strong” and its households and firms are well placed to cope with higher interest rates and inflation, the Reserve Bank said, seeking to alleviate concerns about potential fallout from global financial turmoil.

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