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JAPAN’S government is closely coordinating with the Bank of Japan and financial authorities overseas to prevent fallout from the crisis of confidence engulfing banks in the West, Finance Minister Shunichi Suzuki said on Friday.

THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.

THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.

A DEAL to deposit US$30 billion into First Republic Bank, announced on Thursday was put together by top power brokers from the US Treasury, Federal Reserve and banks including JPMorgan Chase & Co after a steep decline in the lender’s shares.

LARGE US banks injected US$30 billion into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size US lenders over the past week.

REGULATORS at the US Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by Mar 17, people familiar with the matter said on Wednesday (Mar 15).

THE trio of Singapore banks’ exposures to Credit Suisse are insignificant, the Monetary Authority of Singapore (MAS) said on Thursday (Mar 16), in response to media queries on the local fallout of the embattled Swiss lender’s crisis.

MANY of the companies that make up the UK’s burgeoning payments scene lack proper controls and some pose an “unacceptable risk” to customers and the integrity of the financial system, according to the markets watchdog.

WESTERN visitors returning to China for face-to-face meetings – as the Official Monetary and Financial Institutions Forum (OMFIF) did last week – will find a country as keen to attract outside investment as it is to develop a self-sufficient financial and technological ecosystem. Hong Kong’s role in this complex...

WESTERN visitors returning to China for face-to-face meetings – as the Official Monetary and Financial Institutions Forum (OMFIF) did last week – will find a country as keen to attract outside investment as it is to develop a self-sufficient financial and technological ecosystem. Hong Kong’s role in this complex...