DEPOSITS at small US banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday (Mar 24) by the Federal Reserve showed.
UNICREDIT is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, in a move to show it has ample capital while keeping funding costs in check as markets reel from a crisis of confidence.
DEUTSCHE Bank shares plunged the most in three years on Friday (Mar 24), suggesting that a week of soothing words from central bankers and politicians have failed to calm broad worries about the financial sector.
DEUTSCHE Bank shares plunged the most in three years on Friday (Mar 24), suggesting that a week of soothing words from central bankers and politicians have failed to calm broad worries about the financial sector.
GLOBAL banking regulators will step up scrutiny of how risks from systemically important shadow banks could destabilise lenders, a top banking regulator said on Friday (Mar 24) as central bankers home in on the huge funds industry.
EUROPEAN Central Bank head Christine Lagarde told EU leaders eurozone banks were resilient because they have strong capital and liquidity positions, but that the ECB could provide liquidity if needed, EU officials said on Friday (Mar 24).
CRYPTOCURRENCY exchange Binance has paused deposits and withdrawals on its platform due to issues affecting its spot trading, its chief executive Changpeng Zhao said in a tweet on Friday (Mar 24).
GLOBAL stocks came under pressure on Friday (Mar 24) from lingering concerns about the stability of the banking system, while safe-haven buying supported government bonds.
DEUTSCHE Bank became the latest focus of the banking turmoil in Europe as ongoing concern about the industry sent its shares slumping the most in three years and the cost of insuring against default rising.
ASIA-PACIFIC banks’ additional Tier 1 bonds contain the same clause invoked by a Swiss regulator to fully write down such debt issued by Credit Suisse, according to research firm CreditSights.












