By Tetsushi Kajimoto TOKYO (Reuters) – Japan and Germany agreed on Saturday to coordinate closely on financial jitters stemming from problems among Western banks while carefully monitoring globa[...]
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March 18, 2023
Explainer-Credit Suisse: How did it get to crisis point?
By Anshuman Daga (Reuters) – Credit Suisse Group AG Chief Financial Officer Dixit Joshi and his team will hold meetings over the weekend to assess strategic scenarios for the embattled Swiss ban[...]
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How Credit Suisse has evolved over 167 years
ZURICH (Reuters) – Following is a timeline outlining the 167-year history of Credit Suisse Group, the Zurich-based bank that is in the middle of a restructuring to rebuild after a string of scan[...]
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China’s central bank warns SVB failure shows impact of rapid global rate hikes- state media
(Reuters) – A senior official at the People’s Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects[...]
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Beijing may allow foreign financial firms to list in China – ex-finance minister
SHANGHAI (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 “cond[...]
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China cuts reserve ratio given domestic pressures, overseas risks – state media
SHANGHAI (Reuters) – China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and[...]
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Sam Bankman-Fried, U.S. prosecutors near new bail agreement
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange foun[...]
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China fines Deloitte $31 million for auditing negligence
BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, th[...]
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UAW presidential challenger holds lead as rival campaign files protest
By David Shepardson WASHINGTON (Reuters) -Challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election for leadership of the powerful union, as Curry[...]
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