IT was Federal Reserve policy, not crypto, which was the primary culprit in the bankruptcies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.
FEARFUL Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions.
CREDIT Suisse Group, seeking to weather a collapse in market confidence, said it will borrow as much as 50 billion francs (S$72.6 billion) from a Swiss National Bank liquidity facility as it offers to repurchase debt.
CREDIT Suisse Group, seeking to weather a collapse in market confidence, said it will borrow as much as 50 billion francs (S$72.6 billion) from a Swiss National Bank liquidity facility as it offers to repurchase debt.
THE World Bank is evaluating a plan that would boost lending by US$50 billion over the next decade through changes to its rules, aiming to present it at the lender’s Spring Meetings next month, people familiar with the matter said.
SWITZERLAND’S central bank and financial regulator said Credit Suisse Group will receive a liquidity backstop if needed, seeking to restore confidence in the troubled lender after a record slump in its shares.
IN normal times, Chancellor of the Exchequer Jeremy Hunt’s decision to pump more than £20 billion (S$32.6 billion) a year into the UK economy might tip the Bank of England (BOE) towards raising interest rates again.
EUROPEAN Central Bank (ECB) officials are about to make one of the most consequential decisions in months as they judge whether market turmoil centring on Credit Suisse Group is bad enough to derail a long-touted interest-rate hike.
THE long-brewing troubles at Credit Suisse Group exploded into a full-blown crisis on Wednesday (Mar 15) as its stock and bonds cratered and some of the world’s biggest banks raced to shield their finances from the potential fallout.
THE long-brewing troubles at Credit Suisse Group exploded into a full-blown crisis on Wednesday (Mar 15) as its stock and bonds cratered and some of the world’s biggest banks raced to shield their finances from the potential fallout.
