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ECB quizzes banks on ties to Credit Suisse, sources say

THE European Central Bank has contacted banks on its watch to quiz them on their exposure to struggling Swiss lender Credit Suisse, two supervisory sources told Reuters.

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Stablecoin operator moves US$1 billion in reserves to Bahamas

THE operator of the world’s fifth-largest stablecoin has moved US$1 billion in reserves backing the token to a bank in the Bahamas, as digital-asset firms continue to seek alternative homes for their cash following the collapse of several crypto-friendly lenders in the US.

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Heritas hits S$20 million in first close of Asian impact fund; DBS is anchor investor

A NEW social enterprise-focused fund, managed by Singapore venture firm Heritas Capital, has hit its first close of more than US$20 million. DBS is its anchor investor.

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Heritas hits US$20 million in first close of Asian impact fund; DBS is anchor investor

A NEW social enterprise-focused fund, managed by Singapore venture firm Heritas Capital, has hit its first close of more than US$20 million. DBS is its anchor investor.

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Heritas, DBS tackle “severe underfunding” of social enterprises with new impact fund

SMALL and loss-making – these are some of the common perceptions about social enterprises. But of the over 3 million social enterprises in Asia, many are in fact profitable and anticipating growth, yet face “severe underfunding”, highlights venture capitalist Chik Wai Chiew.

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What the loss of Silicon Valley Bank means for Silicon Valley

SILICON Valley is a tough place to be a banker. Startup bosses call with references but no revenue. Loans can seldom be secured against physical assets. Many clients fail.

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Malaysia says its banks have limited exposure to Silicon Valley Bank crisis

MALAYSIA’S government on Wednesday (Mar 15) said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion.

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All Sibor retail loans to be converted to reference Sora in June 2024

ALL outstanding Singapore Interbank Offered Rates (Sibor) retail loans will automatically be converted to reference Singapore Overnight Rate Average (Sora) in June 2024, said the steering committee for Sor & Sibor transition to Sora (SC-STS) on Wednesday (Mar 15).

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Australia bad loans to rise, banks can take shocks: CFR

AUSTRALIA’S slowing economy and rising interest rates are likely to drive higher housing and business loan losses for banks, regulators said, while adding that lenders’ “unquestionably strong” capital requirements mean they can withstand any shock.

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Signature Bank faced criminal probe ahead of firm’s collapse

US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter.

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