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TOP US financial officials on Tuesday (Mar 28) outlined what’s likely to be the biggest regulatory overhaul of the banking sector in years, in an initiative aimed at addressing underlying issues that contributed to the collapse of Silicon Valley Bank (SVB) and other US regional lenders.

US officials alleged that former FTX chief Sam Bankman-Fried authorised bribes of at least US$40 million to Chinese officials, according to an updated indictment filed on Tuesday (Mar 28).

THE US dollar fell against a basket of currencies for a second straight day on Tuesday (Mar 28) as easing worries about a banking crisis revived investors’ appetite for riskier currencies.

THE US dollar fell against a basket of currencies for a second straight day on Tuesday (Mar 28) as easing worries about a banking crisis revived investors’ appetite for riskier currencies.

FURTHER relief from the US bank stocks rout may have to wait until lenders report quarterly results starting next month.

PHILIPPINES President Ferdinand Marcos Jr is pushing for the merger of two state-run banks, which will create the country’s largest lender by assets, his finance secretary said on Tuesday (Mar 28).

FRENCH banks including Societe Generale and BNP Paribas face collective fines of more than US$1.1 billion as part of a probe into tax fraud and money laundering related to dividend payments.

BULLISH bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings.

LAWYERS for Sam Bankman-Fried said they reached an agreement with US prosecutors on Monday (Mar 28) on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial.

THE crisis that has engulfted Credit Suisse has unfolded rapidly, with the latest milestone being the dramatic decision to write down all of the bank’s AT-1 (Additional Tier-1) bonds. Our global team supports clients affected by the AT-1 bond writedown and we share some key takeaways from the latest...