AUSTRALIA’S biggest lenders said on Tuesday (Mar 28) the domestic financial sector was unlikely to be caught in turmoil engulfing rivals in the US and Europe, but warned that raging competition to sell home loans and attract deposits was hitting margins.
“I’M not an anarchist,” Changpeng Zhao (CZ) once said. “I don’t believe human civilization is advanced enough to live in a world with no rules.”
HONG Kong regulators are convening a meeting between crypto firms and bankers in a bid to ease financing for the sector as the city seeks to establish itself as a hub for virtual assets.
IN the battle for the biggest prize in China’s trillion-dollar pension market, BlackRock and other global firms have little chance of attracting clients like Judy Deng.
THE Federal Deposit Insurance Corporation (FDIC) stuck to its guns and didn’t offer bailouts to keep two lenders from collapsing. Instead, it struck deals that included millions of dollars of sweeteners to the acquiring banks.
MASTERCARD and Visa are among the firms negotiating to acquire Pismo, which provides cloud-based payment and banking platforms, said people familiar with the matter.
MASTERCARD and Visa are among the firms negotiating to acquire Pismo, which provides cloud-based payment and banking platforms, said people familiar with the matter.
BONDS designed to insure Credit Suisse Group against disaster could outlive the bank.
BANK customers shifted their deposits to large US firms from smaller ones amid a banking crisis that led regulators to seize two regional lenders in quick succession.
THE largest of Switzerland’s state-owned cantonal banks expects a boost in growth from the planned merger of UBS and Credit Suisse, its chief executive has told Reuters.













