CLSA plans to double the number of investment banking staff it has in South-east Asia over the next five years, according to a senior executive, as the arm of one of China’s largest state-owned conglomerates, Citic Group, seeks to tap into the region’s rapid growth.
A RISING number of companies in the digital-asset sector are reaching out to asset managers such as Fidelity Investments to invest their cash in products like Treasuries in the aftermath of the recent collapse of several crypto friendly US banks.
WHEN acquiring a bank over a weekend, certain details might slip. In the case of HSBC Holdings snapping up Silicon Valley Bank’s (SVB) UK arm that includes the specifics of what was bought.
REGIONAL bank leaders are snapping up shares of their companies’ stocks, taking advantage of a sell-off fuelled by the fallout from Silicon Valley Bank’s (SVB) collapse.
Crypto’s most ardent supporters present it as the future alternative to regular money. What they sometimes fail to mention is that, for now, most digital currencies still rely on old-fashioned banks for their existence.
DEMOCRATIC US Senator Elizabeth Warren on Tuesday (Mar 14) called on Federal Reserve Chair Jerome Powell to recuse himself from an internal review of recent bank failures, saying his actions “directly contributed” to them.
THE chief executive officer of Sweden’s biggest pension fund, Alecta, admitted its US$2.1 billion bet on three niche US banks tied to the fallout of Silicon Valley Bank was “a big failure”.
THE dollar edged higher in calmer trading on Tuesday (Mar 14), after tumbling on Monday following the collapse of Silicon Valley Bank (SVB).
CONSTRUCTION on The Kelsey Civic Center, a 112-unit affordable housing project across from San Francisco City Hall, was supposed to begin this week.
A BIG majority of the Bank of Korea’s board members voted to hold interest rates steady at the Feb 23 meeting, but agreed that it was premature to declare an end to its tightening campaign, meeting minutes showed on Tuesday (Mar 14).











