CREDIT Suisse Group shares surged as much as 40 per cent after Switzerland’s central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm’s troubles would trigger a global banking crisis.
CREDIT Suisse shares jumped over 20 per cent on Thursday (Mar 16) after the company secured a lifeline from the Swiss central bank to shore up investor confidence, though some analysts said the market relief could be shortlived.
AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when auctioned closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.
AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when the auction closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.
AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when the auction closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.
IT was Federal Reserve policy, not crypto, which was the primary culprit in the bankruptcies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.
FEARFUL Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions.
CREDIT Suisse Group, seeking to weather a collapse in market confidence, said it will borrow as much as 50 billion francs (S$72.6 billion) from a Swiss National Bank liquidity facility as it offers to repurchase debt.
CREDIT Suisse Group, seeking to weather a collapse in market confidence, said it will borrow as much as 50 billion francs (S$72.6 billion) from a Swiss National Bank liquidity facility as it offers to repurchase debt.
