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.
THE pain in the US banking sector may turn out to be a blessing for incoming Bank of Japan (BOJ) governor Kazuo Ueda.
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.
BITCOIN jumped the most of almost a month after US authorities sought to stem concern about the health of the nation’s financial system.
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.
CRYPTOCURRENCY firm Circle’s boss on Sunday said the firm would no longer be able to process minting and redemption through Signature Bank after it was shut by New York state and would handle settlements through BNY Mellon.
THE digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups. Now, two shutdowns in the banking industry — SVB Financial Group’s Silicon Valley Bank and Silvergate Capital — have set off a fresh set of stresses.
SILICON Valley Bank’s customers will be able to access all their money Monday (Mar 13) — both insured and uninsured deposits — in a major relief for wide swathes of the tech industry that had made SVB their go-to bank.
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