Stocks Extend Rally As Bank Panic Eases
Stock markets extended gains on Tuesday, with bank shares rallying as fears of a financial crisis eased after authoritie... Read more
US Banking Sector 'stabilising' After Turmoil: Yellen
The US banking sector is "stabilising" after the recent failures of Silicon Valley Bank and Signature Bank rattled the i... Read more
Credit Suisse Fallout Won't Hit HK Too Hard, Says CE
Chief Executive John Lee said on Tuesday that he is confident Hong Kong will not be affected significantly by the fallou... Read more
US Stocks End Higher On Relief Over Credit Suisse
US stocks ended higher on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in ... Read more
Credit Suisse AT1 Bondholders Consider Legal Action
Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond... Read more
HK SFC: Buyers Of Credit Suisse Bonds Knew The Risks
Hong Kong’s Securities and Futures Commission on Monday played down the likely impact of a decision by Swiss regulator... Read more
SAR's Exposure To Credit Suisse 'insignificant': HKMA
Hong Kong’s financial regulators on Monday reassured Credit Suisse customers that it would be business as usual after ... Read more
Credit Suisse Bondholders To Lose Billions In Sale
Credit Suisse said 16 billion Swiss francs (US$17.24 billion) of its Additional Tier 1 debt will be written down to zero... Read more
Authorities Announce UBS Takeover Of Credit Suisse
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs (US$3.23 billion) and agreed to assume up to... Read more
UBS In Talks To Save Credit Suisse
Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest ... Read more
US Stocks End Lower As Banking Shares Resume Sell-off
US stocks ended lower on Friday as banking shares resumed their selloff, with embattled First Republic Bank closing down... Read more
Credit Suisse At A Crossroads As Stocks Slide Again
Credit Suisse shares fell again on Friday despite being bolstered by the Swiss central bank as investors worry about whi... Read more
PBOC Cuts Reserve Ratio For Banks To Boost Liquidity
China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the first time ... Read more
Latest Bank Rescue Plan Lifts US Markets
A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the co... Read more
Yellen Allays Fears Over US Banking System
The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank (SVB) and Signature ... Read more