SINCE taking on the role of chief digital officer for Asean at HSBC, Shayan Hazir finds himself spending a lot of time collaborating with key stakeholders in the region.
THE Federal Deposit Insurance Corporation (FDIC) on Monday (Mar 20) decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank, after failing to find a buyer for the failed lender last week.
BANK stocks slumped on Monday (Mar 20) as investors reeled from the historic takeover of Credit Suisse that will wipe out a class of bondholders, adding to this month’s US$1 trillion plunge in global financial shares.
SHARES in UBS plunged on Monday (Mar 20), heading for their biggest one-day fall since 2008, after its weekend rescue of ailing rival Credit Suisse ignited concerns among investors about the long-term benefits of the deal.
A FINANCIAL Services and Markets (Amendment) Bill was introduced in Parliament on Monday (Mar 20) to provide for information sharing when combating illicit financial activities.
EUROZONE government bond yields dropped on Monday (Mar 20) as risks of a banking crisis spooked investors. This came after UBS sealed a deal to buy Credit Suisse, and some of the world’s largest central banks teamed up to reassure markets.
SWITZERLAND awoke to a new era on Monday (Mar 20) after UBS swept up Credit Suisse in a government-brokered rescue that dented the country’s long-held pride in its banking expertise.
INDONESIA’S central bank governor Perry Warjiyo secured on Monday (Mar 20) approval from a key parliamentary body for his reappointment for a second term, after pledging to maintain a “pro-stability” monetary stance until 2024.
