Malaysia unexpectedly raised its benchmark interest rate by a quarter point on Wednesday, as it sought to preemptively ward of any risk of future financial imbalance amid lingering price pressures. Bank Negara Malaysia hiked the overnight policy rate to 3%, a move predicted by just three out of 19 e...

MOSCOW (Sputnik) - Indian billionaire banker and CEO of major private bank Kotak Mahindra Bank, Uday Kotak, panned the US dollar as "the biggest financial terrorist in the world," but soon toned down his remarks. "I genuinely feel that the biggest financial terrorist in the world is the US dollar. A...

Earlier reports indicated the troubled First Republic Bank would be coming under government seizure after the US firm saw its stock value nosedive amid its failed attempts to obtain investments. The downfall of the US institution came in the wake of the Silicon Valley Bank (SVB) collapse. The Federa...

Major central banks have hiked rates despite volatility in markets. They collectively said that inflation clearly means it is too soon to conclude that the hiking cycle is over. The banking sector developments haven't stopped the hiking, and indeed, I have noted that the idea of focusing on financia...

Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But just two days elapsed between the San Francisco-based bank’s announcement on March 8th th...

Investors excited about AI in the unfolding ChatGPT era have helped cultivate blazing outperformance by tech stocks in the US stock market, but analysts say headwinds are stiffening for the pricey sector as the Federal Reserve signals interest rates are going even higher than anticipated.   The S&P ...

Professor Sumit Agarwal of the National University of Singapore says fintech services factor into the growth of Asian financial centres He singles out Singapore as a ‘safe haven’ for investors with its political stability, trusted systems and transparency Financial markets are in constant motion as ...