A US$30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday (Mar 17), but a late tumble in the troubled US lender’s shares showed investors were still worried about cracks in the sector.
THE global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.
NEW Zealand’s central bank said on Friday all banks in the country were currently operating above its minimum regulatory requirements and that it was closely monitoring the turmoil in global financial markets.
REGULATORY reaction to Silicon Valley Bank (SVB)’s troubles has revived fears of moral hazards and may have permanently expanded the government’s role in the pricey business of deposit insurance. Those are reasons for markets to be worried.
CRYPTOCURRENCIES market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.
JAPAN’S government is closely coordinating with the Bank of Japan and financial authorities overseas to prevent fallout from the crisis of confidence engulfing banks in the West, Finance Minister Shunichi Suzuki said on Friday.
THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.
THE Federal Reserve has lent US banks nearly US$12 billion under a new one-year lending programme unveiled on Sunday, as authorities moved to ease stress on the financial system after Silicon Valley Bank’s collapse.
A DEAL to deposit US$30 billion into First Republic Bank, announced on Thursday was put together by top power brokers from the US Treasury, Federal Reserve and banks including JPMorgan Chase & Co after a steep decline in the lender’s shares.
LARGE US banks injected US$30 billion into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size US lenders over the past week.
