INTERNATIONAL Monetary Fund chief Kristalina Georgieva warned on Sunday (Mar 26) that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector.
CREDIT Suisse Group (CS) faces the threat of a possible probe and disciplinary action over how top managers ran the bank in the lead-up to its collapse and takeover by UBS Group, Switzerland’s banking regulator told NZZ am Sonntag.
STANDARD Chartered said on Sunday (Mar 26) that it plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East.
UBS Group’s emergency buyout of Credit Suisse Group threatens to drastically shrink the financing options for small and mid-sized companies, after the demise of a 166-year-old champion of Swiss entrepreneurship.
UBS Group’s abrupt takeover of Credit Suisse may mark the beginning of the end for one of the industry’s more notorious franchises.
THE multi-regulator US Financial Stability Oversight Council agreed on Friday (Mar 24) that the US banking system remains “sound and resilient” despite stress on some institutions, the US Treasury said in its latest statement to calm jittery markets and bank depositors.
FORMER Goldman Sachs banker Roger Ng, who was sentenced to 10 years in prison for his role in the global 1MDB fraud, was ordered to forfeit US$35.1 million by a judge who rejected his claims that Malaysia already took all of his money.
DEPOSITS at small US banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday (Mar 24) by the Federal Reserve showed.
UNICREDIT is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, in a move to show it has ample capital while keeping funding costs in check as markets reel from a crisis of confidence.
DEUTSCHE Bank shares plunged the most in three years on Friday (Mar 24), suggesting that a week of soothing words from central bankers and politicians have failed to calm broad worries about the financial sector.











