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What sets Singapore banks apart from Credit Suisse: Phillip Securities

PHILLIP Securities said it remains positive on Singapore banks despite the recent collapse of Swiss banking giant Credit Suisse, resulting in a government-brokered takeover by rival UBS.

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Banking crisis in US, Europe has no direct impact on Singapore’s monetary policy: Alvin Tan

NEAR-TERM shocks, such as the ongoing banking crisis in the United States and Europe, have no direct impact on Singapore’s monetary policy, which is focused on the medium term, said Minister of State for Trade and Industry Alvin Tan in Parliament on Monday (Mar 20).

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UBS CEO warns staff Credit Suisse ‘is still our competitor’

UBS Group chief executive officer Ralph Hamers has warned staff not to talk about business matters with counterparts at Credit Suisse Group, following the announcement of their government-brokered combination.

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Credit Suisse’s 9,000 job cuts are foretaste of UBS takeover

EVEN before Credit Suisse Group’s government-brokered takeover, the Swiss lender was in the process of cutting 9,000 jobs in an effort to save itself.

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Credit Suisse tells staff bonuses will still be paid, go to work

CREDIT Suisse Group told staff that promised bonuses and pay increases will still be paid as the bank seeks to keep “business as usual” after a tumultuous week that ended in a takeover by its fiercest Swiss rival.

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Hong Kong banking sector exposure to Credit Suisse ‘insignificant’: monetary authority

HONG Kong’s banking sector has “insignificant” exposure to troubled Swiss banking giant Credit Suisse, the city’s monetary authority said on Monday.

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MAS says Credit Suisse’s Singapore operations unaffected, local banking stability to remain intact

CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) indicated.

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MAS, banks seek to calm investors, as markets worry about potential credit crunch, increased recession risk

CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) said. Meanwhile, a spokesperson from the Swiss bank said it does not expect any disruptions to client services.

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MAS, banks seek to calm investors amid potential credit crunch, heightened recession risk

CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) said. Meanwhile, a spokesperson from the Swiss bank said it does not expect any disruptions to client services.

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Bank of Japan debated side-effects of easy policy, room for more steps: March meeting summary

BANK of Japan (BOJ) must be ready to work further towards improving market functions if needed, a central bank policymaker was quoted as saying at a March meeting, underscoring the bank’s concern over the rising cost of its bond yield control policy.

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