German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters shows.
U.S. Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures to ensure that they address current banking system risks.
Spain's Sareb said on Thursday its losses dropped by 7.4% to 1.5 billion euros ($1.6 billion) in 2022 compared to a year earlier thanks to higher revenues from asset sales.
China's Big Five lenders posted above 3.5% annual net profit growth this week, but warned that the foundations of the country's recovery were "not yet solid".
Switzerland's authorities revealed the interest rates Credit Suisse and UBS will pay for the 250 billion Swiss franc ($273.31 billion) emergency lifeline the Swiss banks have been offered.
The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the role they have played in the recent bout of global banking turmoil.
The European Securities and Markets Authority (ESMA) said it is scrutinising recent market movements, including the credit default swaps (CDS) market, after recent trading volatility.
Raiffeisen Bank International (RBI) took aim on Thursday at "morally arrogant" critics of its dealings in Russia, though said it was considering spinning off its business there anyway amid mounting pressure.
BlackRock's liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year.
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