Featured Archives • Page 934 of 1435 • Financial News

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Silvergate is in talks with FDIC officials on ways to salvage bank

US regulators have been sent to the headquarters of Silvergate Capital, as the troubled crypto-friendly bank looks for a way to stay in business.

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Australia’s central bank says it is closer to pausing on rate hikes

THE head of Australia’s central bank on Wednesday said it was closer to pausing its aggressive cycle of rate increases as policy was now in restrictive territory and there were signs the economy was responding.

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PayPal CFO Jorgensen to step down following leave of absence

PAYPAL Holdings said chief financial officer (CFO) Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.

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Bespoke services and broader range of targeted solutions: Helping HNWIs secure their wealth and legacy

UOB Private Bank is going from strength to strength with an experienced management team in place to propel greater growth and expansion in Singapore and the region.

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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

FOR investors living on the digital edge, Bitcoin is starting to look a little old-fashioned.

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New China Fund plans 30% job cuts after US$4.2 billion outflows

NEW China Fund Management plans to cut as many as 30 per cent of employees as its new shareholder seeks to revive growth following an asset slump, according to people familiar with the matter.

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HSBC China says it’s unaware of remittance curbs after Mobius’ claims

HSBC’s China unit said on Tuesday (Mar 7) it has not been told by regulators to restrict outbound remittances and was unaware of recent capital outflow curbs, after billionaire Mark Mobius, its client, said he could not take money out of the country.

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Australia’s central bank raises rates 25 bps to over 10-yr high at 3.60%

AUSTRALIA’S central bank raised its cash rate 25 basis points to the highest in more than a decade at 3.60 per cent on Tuesday and said it expects further tightening will be needed to curb inflation.

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Australia central bank tempers hawkish outlook after hiking rates to over decade high

AUSTRALIA’S central bank raised its cash rate to the highest in more than a decade on Tuesday (Mar 7), but suggested it might be nearly done tightening as consumer spending was slowing and there was less risk of a wages-driven inflation blow-out.

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Dominance of dollar in crypto market wanes as drawbacks mount

IT is becoming a lot harder for crypto companies to access dollars to buy digital assets as the network of payment providers shrink in the US.

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