NEW Zealand’s central bank said on Friday all banks in the country were currently operating above its minimum regulatory requirements and that it was closely monitoring the turmoil in global financial markets.
REGULATORY reaction to Silicon Valley Bank (SVB)’s troubles has revived fears of moral hazards and may have permanently expanded the government’s role in the pricey business of deposit insurance. Those are reasons for markets to be worried.
CRYPTOCURRENCIES market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.
JAPAN’S government is closely coordinating with the Bank of Japan and financial authorities overseas to prevent fallout from the crisis of confidence engulfing banks in the West, Finance Minister Shunichi Suzuki said on Friday.
THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.
THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.
A DEAL to deposit US$30 billion into First Republic Bank, announced on Thursday was put together by top power brokers from the US Treasury, Federal Reserve and banks including JPMorgan Chase & Co after a steep decline in the lender’s shares.
LARGE US banks injected US$30 billion into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size US lenders over the past week.
REGULATORS at the US Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by Mar 17, people familiar with the matter said on Wednesday (Mar 15).
THE trio of Singapore banks’ exposures to Credit Suisse are insignificant, the Monetary Authority of Singapore (MAS) said on Thursday (Mar 16), in response to media queries on the local fallout of the embattled Swiss lender’s crisis.
