US FEDERAL Reserve officials will meet next week again as they chase persistent inflation, but now having to balance that against the first acute tremors from the aggressive interest-rate hikes that the central bank approved over the past year.
THE Singapore banking system remains “sound and resilient” amid the recent collapse of Silicon Valley Bank (SVB), said the Monetary Authority of Singapore (MAS) on Monday (Mar 13).
HSBC Holdings is buying the UK arm of Silicon Valley Bank (SVB), the culmination of a frantic weekend where ministers and bankers explored various ways to avert the SVB unit’s collapse.
MAYBANK Securities has downgraded its call on Singapore’s banks to “neutral” from “positive” as it thinks the sector’s risk-reward dynamics are now largely balanced, with limited upside catalysts and rising asset quality risks.
SILICON Valley Bank’s (SVB) sudden collapse last week continued to spook global markets worldwide, with banking stocks across the world facing considerable pressure amid contagion fears.
THE European Central Bank is all but certain to raise interest rates again on Thursday, shifting analysts’ attention to how much higher policymakers plan to go in the months ahead to tame inflation.
