THE unwinding of pandemic-induced precautionary buffers has made Singapore’s companies, households and banks more financially vulnerable this year, said the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Friday (Nov 25).
THE unwinding of pandemic-induced precautionary buffers has made Singapore’s companies, households and banks more financially vulnerable this year, said the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Friday (Nov 25).
FINANCIAL stability in Germany, Europe’s largest economy, has taken a substantial turn for the worse this year, triggering warnings from the Bundesbank.
THE Bank of Korea (BOK) needs to see “strong” signs that inflation is under control before discussing any prospect of a pivot away from policy tightening, governor Rhee Chang-yong said on Friday (Nov 25).
MANULIFE Financial is eliminating about 50 jobs in the US and Canada as part of a plan to outsource some real estate operations and focus more on investing.
THE main lobbying group for Canada’s banking industry invoked the collapse of FTX and Celsius Network in warning that the government needs to establish better consumer protections for the country’s payments systems.
CREDIT Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs (S$3.68) per share, the bank said on Thursday (Nov 24), confirming the final terms of its 4 billion franc capital hike.
CREDIT Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs (S$3.68) per share, the bank said on Thursday (Nov 24), confirming the final terms of its 4 billion franc capital hike.
THE pool of funds available for reinsurance will decline as rising interest rates and a volatile market put heightened pressure on the sector. In the long run, climate change is likely to also raise the cost of capital for reinsurers.
THE US dollar held onto losses on Thursday (Nov 24), after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting.












