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A CLUTCH of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector.

CREDIT Suisse appointed Kwong Kin Mun, the former South-east Asia wealth management head at Deutsche Bank, as its new vice chairman for the region.

CREDIT Suisse appointed Kwong Kin Mun, the former South-east Asia wealth management head at Deutsche Bank, as its new vice chairman for the region.

MARKET analysts expressed fresh concerns about uncertainties in US’ banking system, following US Treasury Secretary Janet Yellen’s comments about not considering any plans to insure all US bank deposits. Yellen’s comments overshadowed a dovish 25-basis-point rate hike by the Federal Open Market Committee (FOMC), sending riskier assets down.

THE general insurance sector recorded a 15 per cent increase in gross written premiums to S$9.3 billion across both the offshore and domestic segments, with underwriting performance rising 20.3 per cent.

Australian cryptocurrency exchange Independent Reserve plans to look more closely at opportunities in Hong Kong as the city pursues a regulatory revamp to create a hub for digital-asset businesses.

THE Bank of England is expected to raise interest rates for the 11th time in a row on Thursday after a surprise jump in inflation dashed speculation that it might have been about to go on pause.

THE Hong Kong Monetary Authority (HKMA) raised its benchmark interest rate by 25 basis points on Thursday (Mar 23), following the lead of the Federal Reserve which hiked rates even as the unfolding bank crisis sent jitters through financial markets.

ACTRESS Lindsay Lohan, YouTuber Jake Paul and six other celebrities were charged by the US Securities and Exchange Commission for touting cryptocurrencies on social media without disclosing that they were paid to do so.

COINBASE Global said it received a notice from the Securities and Exchange Commission (SEC) formally declaring the securities regulator’s plans to bring an enforcement action against the largest US crypto exchange, the latest development in a long-running dispute between the watchdog and the digital-asset company.