HONG Kong’s banking sector has “insignificant” exposure to troubled Swiss banking giant Credit Suisse, the city’s monetary authority said on Monday.
CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) indicated.
CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) said. Meanwhile, a spokesperson from the Swiss bank said it does not expect any disruptions to client services.
CREDIT Suisse Group will “continue operating in Singapore with no interruptions or restrictions” following its announced takeover by UBS, the Monetary Authority of Singapore (MAS) said. Meanwhile, a spokesperson from the Swiss bank said it does not expect any disruptions to client services.
BANK of Japan (BOJ) must be ready to work further towards improving market functions if needed, a central bank policymaker was quoted as saying at a March meeting, underscoring the bank’s concern over the rising cost of its bond yield control policy.
FIRST Republic Bank was downgraded again on Sunday (Mar 19) by S&P Global, days after the ratings firm cut the lender to junk.
NEW York Community Bancorp (NYCB) is pursuing a deal to acquire failed Signature Bank, according to people familiar with the matter.
NEW York Community Bancorp (NYCB) is pursuing a deal to acquire failed Signature Bank, according to people familiar with the matter.
CREDIT Suisse said 16 billion Swiss francs (S$23.1 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday.
AUSTRALIAN banks are “unquestionably strong” with solid capital and liquidity buffers, a senior Reserve Bank of Australia (RBA) official said, alleviating fears that stresses in the global financial system could hurt the nation’s big four lenders.
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