Credit Suisse hires Southeast Asia wealth vice chairman
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice…
2023
China Evergrande’s EV Unit Warns It May Halt Production Amid Funds Shortage
HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group Ltd said on Thursday it may have to halt production of…
First Republic shares fall as Yellen says not considering ‘blanket insurance’ on bank deposits
By Tatiana Bautzer and Chris Prentice NEW YORK (Reuters) – A “bull case” scenario for the shares of beleaguered First…
Explainer-How safe is my money in a U.S. bank and what is insured?
By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a…
Citigroup CEO Says ‘this Is Not A Credit Crisis’ After U.S. Bank Failures
By Saeed Azhar and Lananh Nguyen (Reuters) -Citigroup Inc Chief Executive Officer Jane Fraser expressed confidence in the U.S. banking…
KB Home Expects Q2 Net Orders To Fall Amid Tough Year-ago Comparisons
(Reuters) – U.S. homebuilder KB Home said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second…
Yellen promise on community bank deposits sparks relief in small-town America
By David Lawder and Douglas Gillison WASHINGTON (Reuters) -The brewing U.S. banking crisis seems far removed from the northeastern Vermont…
Fed’s Powell: SVB Management ‘failed Badly,’ Need Changes To Bank Oversight
By Ann Saphir (Reuters) -The management of Silicon Valley Bank “failed badly,” Federal Reserve Chair Jerome Powell said on Wednesday,…
Marketmind: What Powell Giveth, Yellen Taketh
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Asian open…
Bank Deposits Have Stabilized In Last Week, Powell Says
(Reuters) – Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on…