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HSBC has appointed Patrick George as head of markets and securities services, according to a memo seen by Reuters on Thursday (Mar 23) , amid a wider reshuffle of the leadership of its investment bank aimed at streamlining decision making.

BATTLING inflation and a crisis of banking confidence, the Federal Reserve is fighting a war on two fronts. 

UBS Group will likely shrink Credit Suisse Group’s US$10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday (Mar 19), the Wall Street Journal (WSJ) reported on Wednesday.

A CLUTCH of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector.

CREDIT Suisse appointed Kwong Kin Mun, the former South-east Asia wealth management head at Deutsche Bank, as its new vice chairman for the region.

CREDIT Suisse appointed Kwong Kin Mun, the former South-east Asia wealth management head at Deutsche Bank, as its new vice chairman for the region.

MARKET analysts expressed fresh concerns about uncertainties in US’ banking system, following US Treasury Secretary Janet Yellen’s comments about not considering any plans to insure all US bank deposits. Yellen’s comments overshadowed a dovish 25-basis-point rate hike by the Federal Open Market Committee (FOMC), sending riskier assets down.

THE general insurance sector recorded a 15 per cent increase in gross written premiums to S$9.3 billion across both the offshore and domestic segments, with underwriting performance rising 20.3 per cent.

Australian cryptocurrency exchange Independent Reserve plans to look more closely at opportunities in Hong Kong as the city pursues a regulatory revamp to create a hub for digital-asset businesses.

THE Bank of England is expected to raise interest rates for the 11th time in a row on Thursday after a surprise jump in inflation dashed speculation that it might have been about to go on pause.