SG

Stocks rise, US Treasury yields rise as bank fears ease

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HONG KONG, March 28 (Reuters) – Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy the failed Silicon Valley Bank allayed wider concerns about problems in the sector. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.3% by early morning in … Read more

Asian equities are skittish as banks face bankruptcy stress

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Asian Fairs: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits flow from banks to money market funds SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as US and European stock futures rose higher on hopes authorities sought to shield stress in the global banking … Read more

Analysis: The collapse of Credit Suisse threatens the Swiss crown on asset management

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ZURICH, March 22 (Reuters) – The fall of Credit Suisse (CSGN.S) has seriously damaged Switzerland’s credibility as the world’s leading wealth management center, experts warn, damaging Switzerland’s reputation for stability, regulation and corporate governance is questioned. Plagued by years of scandals and losses, Credit Suisse had been battling a crisis of confidence for months before … Read more

US authorities focused on stability, First Republic as Fed meets

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March 22 (Reuters) – US authorities will consider moves on Wednesday to further strengthen financial stability, along with scenarios to address the problems regional lender First Republic Bank continues to face. While the recent market turmoil has eased, the Federal Reserve meeting is now at the center of attention, with traders arguing over whether the … Read more

The quest for safety is easing as markets process Credit Suisse’s bailout

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Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday … Read more

Credit Suisse meets to weigh options, under pressure to merge with UBS

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March 18 (Reuters) – Credit Suisse Group AG (CSGN.S) embarked on an all-or-nothing weekend after some rivals became cautious in their dealings with the bank as regulators urged the bank to pursue a deal with Swiss rival UBS AG (UBSG. S). Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over … Read more

Asian markets are oozing with banking turmoil to end a tumultuous week

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Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally … Read more

Concerns about Indo-Pacific friction ‘alarming’, US admiral says

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SINGAPORE, March 16 (Reuters) – The current friction in the Indo-Pacific is alarming and “a trend in the wrong direction”, but the US presence was not an attempt to contain or eliminate conflict with China invite, a senior US admiral said Thursday. Admiral John Aquilino, commander of the US Indo-Pacific Command, said an “AUKUS” partnership … Read more