DBS Group Projects Impressive Annual Profits
DBS Group, Singapore’s largest bank, is set to achieve an impressive milestone as it projects annual profits exceeding S$10 billion…
US Bank Deposits Increase for First Time in Almost One Month
Deposits at US commercial banks increased for the first time in almost a month at the end of March, indicating stabilization…
Barclays Shareholders Advised to Vote Against Executive Compensation
Glass Lewis, an investor advisory firm, has advised Barclays shareholders to vote against the bank’s executive compensation because of long-term…
French Authorities Raid Paris Offices of Five Banks
French authorities have raided the Paris offices of five banks, including Societe Generale, BNP Paribas, and HSBC, on suspicion of fiscal…
USB Agrees Deal to Take Over Credit Suisse
UBS has agreed a deal to take over Credit Suisse, paying 3.23 billion Swiss francs ($3.23 billion) in stock and…
ECB Hawks Play Up Need for Further Rate Hikes
The European Central Bank (ECB) is likely to need to hike interest rates further, according to two prominent hawks on…
Dollar Experiences Downturn Following $30bn Rescue Package
The dollar has experienced a downturn, with risk sentiment improving as authorities and banks attempt to alleviate pressure on the financial system in…
Bank Stocks Tumble Despite Biden Vow of Action
Bank stocks tumbled across global markets today, despite as President Joe Biden’s vow to take action to ensure the safety…
Hedge Funds Offer to Purchase SVB Deposits
Hedge funds have offered to purchase startup deposits trapped at Silicon Valley Bank (SVB) for as little as $0.60 per…
Silvergate Capital to Wind Down Following FTX Losses
Silvergate Capital Corp has announced that it will cease operations and voluntarily liquidate after suffering losses from the spectacular collapse of…