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Latest 6-month T-bill offers 3.85% yield amid market volatility

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.85 per cent on Thursday (Mar 30).

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Latest 6-month T-bill offers 3.85% yield; demand falls as banking crisis weighs on rate hike expectations

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.85 per cent on Thursday (Mar 30). This was higher than the last auction, but demand was lower as investors factored in the impact of the banking crisis on interest rates and expressed a preference...

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Citadel to resume hedge fund business in Japan with Tokyo office

KEN Griffin’s hedge fund firm Citadel is planning to set up a team in Tokyo, returning to Japan more than a decade after it shuttered operations there during the global financial crisis, according to a person familiar with the matter.

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Credit Suisse accused of aiding more tax evasion during broader tumult

CREDIT Suisse Group continues to help rich Americans hide assets from the IRS almost a decade after a unit pleaded guilty to a tax evasion conspiracy, the US Senate Finance Committee said, as the bank’s woes mount amid broader tumult in the industry.

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Fed official tells US Congress many to blame for Silicon Valley Bank failure

THE scope of blame for Silicon Valley Bank’s (SVB) failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday (Mar 29) told US lawmakers demanding answers for the lender’s swift collapse.

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Bank of America’s financial planning app draws US$55 billion over two-plus years

BANK of America Corp’s (BofA) digital personal finance tool, Life Plan, has attracted more than US$55 billion in new money since its launch in late 2020, as customers use technology to set financial goals.

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FDIC hires Newmark to sell US$60 billion of Signature Bank loans

THE Federal Deposit Insurance Corporation (FDIC) hired real estate advisory firm Newmark Group to sell about US$60 billion of Signature Bank loans, after the bank’s collapse into receivership amid turmoil that engulfed regional lenders.

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JPMorgan, Goldman plan to start trading private credit loans

WALL Street banks are looking to start trading private credit loans as they seek to make inroads into the lucrative world of direct lending, a potential first step that could ultimately reshape the largely buy-and-hold market.

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Partners in Singapore unite on cleaner shipping

The shipping industry drives global trade and has long helped to accelerate the growth of maritime hubs like Singapore. The Lion City is the busiest container transhipment port globally and is consistently ranked as the world’s leading port, and top maritime centre, by the Xinhua-Baltic index.

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China Life profit falls 37% on stock market slump, Covid impacts

CHINA Life Insurance said profit fell 37 per cent last year as a stock-market rout eroded investment returns while Covid lockdowns and outbreaks hampered sales.

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