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For Goldman Sachs, SVB’s botched stock sale had a silver lining

AS SILICON Valley Bank (SVB) Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group and worked out an unusual two-part plan, according to people familiar with the discussions.

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A net US$3 billion was redeemed from crypto’s USDC stablecoin this week

A NET US$3 billion was redeemed from USD Coin, crypto’s second-largest stablecoin, from Monday (Mar 13) morning through Wednesday in the aftermath of US banking turmoil that buffeted issuer Circle Internet Financial.

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China cash squeeze returns as traders look for PBOC response

CHINA’S short-term borrowing costs are climbing back toward a two-year-high, fuelling expectations the central bank will respond with increased cash injections amid global market volatility and difficulties in domestic bond trading.

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US regulators to visit Hong Kong for fresh round of audit inspections: sources

OFFICIALS from the US audit watchdog will start a new round of inspections in Hong Kong on Chinese companies’ auditors as soon as next week, sources said, as part of a deal with Beijing to prevent delistings of the firms from the New York bourse.

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Credit Suisse shares jump 30% after securing US$54 billion lifeline

CREDIT Suisse shares soared by at least 30 per cent in premarket trading on Thursday (Mar 16) after the company secured a US$54 billion lifeline from the Swiss National Bank to shore up liquidity and investor confidence that sent its stock to record lows the day before.

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Credit Suisse surges 40% on lifeline, fuelling bank-stock rally

CREDIT Suisse Group shares surged as much as 40 per cent after Switzerland’s central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm’s troubles would trigger a global banking crisis.

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Credit Suisse shares leap in delicate truce with doubters

CREDIT Suisse shares jumped over 20 per cent on Thursday (Mar 16) after the company secured a lifeline from the Swiss central bank to shore up investor confidence, though some analysts said the market relief could be shortlived.

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SVB collapse: A timeline

A summary of events leading up to the implosion of Silicon Valley Bank (SVB) and its aftermath.

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Cut-off yield on latest six-month Singapore Treasury bill drops to 3.65%

AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when auctioned closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.

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Cut-off yield on latest six-month Singapore Treasury bill drops amid lower Fed rate hike expectations

AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when the auction closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.

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