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THE dollar edged higher in calmer trading on Tuesday (Mar 14), after tumbling on Monday following the collapse of Silicon Valley Bank (SVB).

CONSTRUCTION on The Kelsey Civic Center, a 112-unit affordable housing project across from San Francisco City Hall, was supposed to begin this week. 

A BIG majority of the Bank of Korea’s board members voted to hold interest rates steady at the Feb 23 meeting, but agreed that it was premature to declare an end to its tightening campaign, meeting minutes showed on Tuesday (Mar 14).

CHINESE Money brokers are preparing to suspend their data feed businesses in coming days after being told by Chinese regulators on Tuesday (Mar 14) that they needed to do so, six sources told Reuters.

SOME of the world’s top money managers are sitting on a windfall after the collapse of Silicon Valley Bank (SVB) spurred the biggest rally in US Treasuries since the early 1980s.

JAPANESE financial institutions have sufficient capital buffers to absorb losses caused by various external factors, including risks caused by the collapse of US lender Silicon Valley Bank, the Bank of Japan (BOJ) said on Tuesday (Mar 14).

US TREASURY yields swung wildly on Tuesday (Mar 14), a sign of traders’ heightened sensitivity to newsflow on the health of the banking system and bets on the outlook for US rate hikes. 

CREDIT Suisse said customer “outflows stabilised to much lower levels but had not yet reversed as of the date of this report” in its 2022 annual report published on Tuesday (Mar 14).

CRYPTO bros are quite literally becoming bankless and unbankable. By abruptly bundling crypto-friendly Signature Bank – one of the last of its kind – into receivership amid an extraordinary weekend operation to backstop the US banking system, regulators are sending a message that volatile tokens and decentralised finance need to be kept far...

HUOBI Global said on Tuesday (Mar 14) it had withdrawn all its funds out of failed New York-based Signature Bank and crypto-focused bank Silvergate Capital, and the exchange’s customers funds remain unaffected.