After the most tumultuous month since the 2008 financial crisis, banks are finding themselves in an impossible position.Keeping interest rates on deposits near zero is becoming increasingly untenable...
The world urgently needs faster and more efficient processes for restructuring debts of vulnerable countries, the International Monetary Fund’s chief said on a visit to China, a nation that many...
30/03/2023
In a statement issued today, concerning a top US regulator’s case against it, Binance Holdings notes that the filing is “unexpected and disappointing as we have been working collaboratively with the...
29/03/2023
A top US regulator’s case against Binance Holdings Ltd. is mushrooming well beyond Changpeng Zhao’s company and rattling American firms that officials say worked with the exchange to trade crypto....
29/03/2023
China has significantly expanded its bailout lending as its Belt and Road Initiative blows up following a series of debt write-offs, scandal-ridden projects and allegations of corruption.Source: ...
28/03/2023
Global financial markets are poised for another week of volatility, as traders close out a dizzying month in which worries about US and European lenders dominated sentiment and complicated central...
27/03/2023
As Jay Powell fielded questions from journalists on Wednesday following the US Federal Reserve’s decision to plough forward with another interest rate rise, he quipped that it had been “quite an...
24/03/2023
The Federal Reserve pressed ahead with a quarter-point rate rise on Wednesday despite the recent turmoil in the banking sector but signalled it may soon call time on its monetary tightening campaign....
23/03/2023
First Republic has hired investment bank Lazard to help it explore strategic options after the lender’s shares collapsed in the wake of the shuttering of Silicon Valley Bank.Source: Financial Times
22/03/2023
Wall Street bank chief executives are trying to come up with a new plan for First Republic after a $30bn lifeline failed to arrest a sharp sell-off in the lender’s shares.Source: Financial Times
21/03/2023