Goldman CEO says India has high growth trajectory Goldman Sachs Chief Executive Officer David Solomon said India now had a very high growth trajectory, with a... Published 28 Jun, 2023 11:50am
Markets Erdogan names Erkan to head Turkiye central bank, policy pivot expected ISTANBUL: President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States,... Published 09 Jun, 2023 01:32pm
Business & Finance JPMorgan to close 21 First Republic Bank branches NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it... Published 05 Jun, 2023 03:27am
Business & Finance JPMorgan to close 21 First Republic Bank branches NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it... Published 01 Jun, 2023 06:54pm
Business & Finance JPMorgan CEO says unlikely to acquire other struggling banks NEW YORK: JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any ... Published 22 May, 2023 06:23am
Markets Western Alliance says no unusual deposit outflows after First Republic sale Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of... Published 04 May, 2023 11:15am
Markets Banks, energy stocks lead Wall St slide ahead of Fed meeting NEW YORK: US stock indexes tumbled on Tuesday, led by banks and energy shares, as investors fretted about the impact... Published 03 May, 2023 06:35am
Markets Japan’s Suzuki: Will stay vigilant to fallout from US bank failure INCHEON: Japanese authorities will continue to watch “with a strong sense of alarm” the potential fallout from First... Published 02 May, 2023 10:47am
Markets Gold prices flat on caution ahead of Fed meeting Gold prices were flat on Tuesday, as cautious market participants awaited fresh cues from top central banks on their... Published 02 May, 2023 10:40am
Markets Treasury bills squeezed as debt ceiling deadline looms SINGAPORE: Short-dated Treasury bills were under pressure on Tuesday and the cost of insuring against a US default... Published 02 May, 2023 10:31am
Markets Stocks on edge as traders wait on central bankers SINGAPORE: Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data... Published 02 May, 2023 10:21am
Markets Oil falls 4% to five-week low on US default worries, weak economic data NEW YORK: Oil prices sank 4% to a five-week low on Tuesday along with a drop in Wall Street stocks on worries about... Updated 02 May, 2023 11:13pm
Markets Most Japanese shares retreat on banking jitters ahead of Golden Week break TOKYO: Most Japanese shares declined on Tuesday as jitters surrounding the US banking system weighed on domestic... Updated 02 May, 2023 11:40am
Print IMF says more vulnerabilities in banking sector may be exposed BEVERLY HILLS, (California): International Monetary Fund Managing Director Kristalina Georgieva said on Monday she... Updated 02 May, 2023 08:46am
Business & Finance US regulators seize California's First Republic Bank SAN FRANCISCO: US financial authorities have taken possession of California's troubled First Republic Bank, which... Updated 01 May, 2023 07:25pm
Business & Finance JPMorgan to buy First Republic after regulators seize control SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to... Published 01 May, 2023 05:25pm
Markets Currencies in limbo awaiting packed week of central banks SYDNEY: Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced... Published 01 May, 2023 10:48am
Markets PNC, JPM, Citizens among final bidders in First Republic auction PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that... Published 01 May, 2023 10:21am
Business & Finance US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services... Published 29 Apr, 2023 12:57pm
Markets World’s biggest bond markets left picking up the pieces after March mayhem AMSTERDAM/NEW YORK: In mid-March, as prices for US Treasury bonds swung wildly following the collapse of Silicon... Published 28 Apr, 2023 11:48am
Business & Finance First Republic Bank shares plummet day after hitting record low First Republic Bank’s shares fell nearly 10% in premarket trading on Wednesday as analysts highlighted concerns... Published 26 Apr, 2023 06:36pm
Markets Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue SINGAPORE: The US dollar and the yen, both safe haven assets, were mostly steady after spiking higher overnight as... Published 26 Apr, 2023 10:06am
Markets Australia dollar falters, bonds rally after core inflation surprises to downside SYDNEY: The Australian dollar took a further knock on Wednesday while bonds extended their rally after a downward... Published 26 Apr, 2023 09:37am
Business & Finance First Republic Bank deposits tumble more than $100bn as it explores options NEW YORK: First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged... Published 26 Apr, 2023 06:15am
Markets First Republic Bank deposits tumble more than $100bn as it explores options First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more... Published 25 Apr, 2023 11:54am
Markets First Republic shares volatile as capital infusion remains in limbo Shares of First Republic Bank were volatile in morning trading on Wednesday as the regional lender struggled to... Published 22 Mar, 2023 07:54pm
Markets Indian rupee may open stronger as risk sentiment improves; Fed eyed MUMBAI: The Indian rupee is expected to strengthen against the dollar on Tuesday as Asian markets attempt to shake... Published 21 Mar, 2023 11:34am
Business & Finance Two weeks of banking turbulence PARIS: After three US regional lenders collapsed and UBS swooped to buyout troubled Credit Suisse to avoid a wider... Published 20 Mar, 2023 06:58pm
Markets First Republic shares fall as private placement report stirs fresh liquidity fears Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a... Published 20 Mar, 2023 03:36pm
Markets US regulator sells failed Signature Bank assets to another lender SAN FRANCISCO: The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to... Published 20 Mar, 2023 12:04pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points