Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsAsian shares also rose, as markets wagered that US rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the US consumer inflation report later in the day for further monetary policy clues.
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of US$1.6 trillion and greater muscle in wealth management.
US regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20 percent on average, the Wall Street Journal (WSJ) reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year.
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.