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CREDIT Suisse Group bankers are trying to entice rich clients with higher-yield notes and bonus deposit rates in a bid to quickly recoup as much as possible of the almost US$90 billion recently pulled from the bank.

MORGAN Stanley will reduce its global workforce by about 2 per cent as Wall Street seeks to tame costs ahead of a potential US recession.

MORGAN Stanley is embarking on a fresh round of job cuts as rival banks sounded caution that a looming US recession will dampen hiring.

DEUTSCHE Bank and Rabobank received formal complaints from the European Union’s antitrust watchdog for their alleged roles in a cartel for euro-denominated bonds, setting them up for potential fines from the regulator.

CONTAGION from the collapse of crypto exchange FTX is spreading into the world of decentralised finance, as lending protocol Maple Finance severed ties with a hedge fund that defaulted on almost US$36 million worth of crypto loans on its platform.

PENSION funds and other ‘non-bank’ financial firms have more than US$80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.

FOREIGN investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country’s largest lenders.

INDONESIA is setting out its plans and concept for the digital rupiah, a blockchain-based currency, starting with transactions between local banks.

AUSTRALIA’S central bank on Tuesday delivered a widely expected interest rate hike at its last policy decision of 2022 and said more hikes are still needed ahead as policymakers seek to rein in inflation. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate...

SIGNS of a potential slowdown in the Federal Reserve’s pace of its rate hikes have led CGS-CIMB to downgrade its sector call to “neutral” from “overweight”.