Central banks keep hiking rates amid banking turmoil

[ad_1] March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in hiking interest rates, as policymakers ploughed on with their…

Fed in spotlight as US authorities focus on stability, First Republic

[ad_1] March 22 (Reuters) – U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks…

Beijing may allow foreign financial firms to list in China – ex-finance minister

[ad_1] SHANGHAI, March 18 (Reuters) – China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when…

Credit Suisse lifeline, First Republic rescue: What you need to know

[ad_1] March 17 (Reuters) – Credit Suisse and First Republic Bank shares came under renewed pressure on Friday despite multi-billion dollar support deals, while a source said European Central Bank…

Credit Suisse managed funds’ net outflows top $450 mln -Morningstar

[ad_1] Net outflows seen March 14,15 Data for March 16 yet to compiled -Morningstar LONDON, March 17 (Reuters) – Credit Suisse <CSGN.S> saw more than $450 million in net outflows…

Manulife latest financial firm to postpone back to office plans amid COVID spread

[ad_1] Dec 17 (Reuters) – Manulife Financial Corp (MFC.TO), Canada’s biggest life insurer, on Friday became the latest financial company to delay its return-to-office plans for its North American staff…

Exclusive: California bank PacWest Corp in talks to get liquidity boost -sources

[ad_1] NEW YORK, March 16 (Reuters) – PacWest Corp (PACW.O) is in talks about a liquidity boost with Atlas SP Partners and other investment firms, people familiar with the matter…

Credit Suisse $54 bln lifeline offers limited respite to global banks

[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank,…

Bain Capital’s Connaughton says SVB fallout will weigh on banks

[ad_1] NEW YORK, March 15 (Reuters) – Bain Capital’s co-managing partner, John Connaughton, told Reuters on Wednesday that the fallout from SVB Financial Group’s (SIVB.O) collapse will weigh on banks…

Credit risk surges as investors fear bank failures threaten markets

[ad_1] NEW YORK, March 13 (Reuters) – Credit risk indicators flashed red on Monday, as investors worried about contagion risks across corporate debt markets after the collapse of Silicon Valley…