CRYPTOCURRENCY exchange Binance has paused deposits and withdrawals on its platform due to issues affecting its spot trading, its chief executive Changpeng Zhao said in a tweet on Friday (Mar 24).
GLOBAL stocks came under pressure on Friday (Mar 24) from lingering concerns about the stability of the banking system, while safe-haven buying supported government bonds.
DEUTSCHE Bank became the latest focus of the banking turmoil in Europe as ongoing concern about the industry sent its shares slumping the most in three years and the cost of insuring against default rising.
ASIA-PACIFIC banks’ additional Tier 1 bonds contain the same clause invoked by a Swiss regulator to fully write down such debt issued by Credit Suisse, according to research firm CreditSights.
HSBC has moved its head of markets in Greater China, Justin Chan, to become an adviser to its co-CEOs in Asia Pacific, according to an internal memo seen by Reuters on Friday (Mar 24).
BANKING stocks fell again on Friday (Mar 24) after a tumultuous week, with investors worried that the worst problems in the sector since the 2008 financial crisis were not yet contained.
MIDDLE Eastern investors are becoming more cautious of making fresh investments in global banks, after emerging as some of the hardest hit by the Credit Suisse Group crisis.
UBS promised retention packages to wealth-management staff in Asia at Credit Suisse, two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival.
BANKING stocks were among the least shorted ahead of the Silicon Valley Bank (SVB) failure, based on February 2023 data published by S&P Global Market Intelligence on Thursday (Mar 23).
