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CNA - SINGAPORE: DBS suffered an outage in its digital services on Wednesday (Mar 29), with customers being unable to log in to online platforms such as the bank's PayLah! app.
Reports of service outages began surging at about 8.30am, according to the website Downdetector, with more than 300 repo…
CNA - SINGAPORE: DBS suffered an outage in its digital services on Wednesday (Mar 29), with customers being unable to log in to online platforms such as the bank's PayLah! app.
Reports of service o…
March 29, 2023
Mon, Mar 27, 2023 - UBS Group AG’s emergency buyout of Credit Suisse Group AG threatens to drastically shrink the financing options for small and mid-sized companies, after the demise of a 166-year-ol…
March 28, 2023
DUBAI (Reuters) - Standard Chartered (STAN.L) plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB) (AJIB.AM), the two parties said on Sunday, as the emerging markets-focused lend…
March 28, 2023
26 March 2023 - The head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the turbulence in the banking sector.
Kristalina Georg…
March 27, 2023
March 24 (Reuters) - A steep sell-off in banking stocks hit European indexes on Friday as worries about the stability of the financial sector intensified, with Deutsche Bank tumbling as cost of insuri…
March 25, 2023
March 17, 2023 - America's largest banks moved Thursday to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank…
March 17, 2023
Sky News has learnt that HSBC was on Sunday night exploring a bid for the British arm of the stricken technology-focused lender, joining a slew of smaller rivals in the emergency sale process triggere…
March 13, 2023
NEW YORK: Global markets took a beating on Friday (Mar 10) as US jobs data boosted the likelihood of further aggressive interest rate hikes, while bank shares wobbled amid the collapse of Silicon Vall…
March 11, 2023
By David James and Olivier Kyc
While interest rates have risen in recent years, bank valuations have stayed critically low with a 56% discount to the broader market[1]. As a result, some incumbents…
March 2, 2023
BBC - Banking giant HSBC says its quarterly profit has almost doubled, boosted by rising interest rates around the world.
The London-based firm reported profit before tax of $5.2bn (£4.3bn) for t…
February 22, 2023
