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THE global banking sector will likely remain resilient in the face of next year’s macroeconomic risks, thanks to strong capitalisation and asset quality across most banks, analysts said. Singapore banks, in particular, are well positioned as they have strong fundamentals and net interest margins (NIMs).

THE US dollar retreated on Tuesday (Nov 22) after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s Covid flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin.

CLAUDIO de Sanctis is targeting markets far from home as Deutsche Bank seeks to become Europe’s go-to wealth manager.

TWO men have been arrested in Estonia on suspicion of defrauding US$575 million from hundreds of thousands of people in a cryptocurrency scheme, Estonian police said on Monday. Sergei Potapenko and Ivan Turogin were arrested on Sunday in a joint operation by Estonian police and the FBI and Washington has...

TWO men have been arrested in Estonia on suspicion of defrauding US$575 million from hundreds of thousands of people in a cryptocurrency scheme, Estonian police said on Monday. Sergei Potapenko and Ivan Turogin were arrested on Sunday in a joint operation by Estonian police and the FBI and Washington has...

COINBASE Global shares hit an all-time low amid rising investor skittishness over how far the fallout from rival exchange FTX’s insolvency might spread.

THE Federal Reserve isn’t the only one tightening credit. Commercial banks are too.

DEFAULT rates on US leveraged loans will hit a near-record high of 11.3 per cent in 2024, while defaults on euro leveraged loans will hit 7.1 per cent, as the global economic outlook deteriorates, Deutsche Bank said on Monday (Nov 21).

EQUITY investors hoping for a better year in 2023 will be disappointed, say Goldman Sachs Group Inc strategists, who said the bear market phase is not over yet.

THE US dollar rallied against major currencies on Monday (Nov 21), as rising Covid-19 cases in China led to new restrictions there and weighed on global investor sentiment.