The financial regulator is planning to phase out a form of bank capital that has proven wildly popular with Australian retail investors.
Tens of thousands of jobs are at risk across the world,including in Australia,with the cuts set to start next month,
The embattled Swiss bank has been accused of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts,including some that were open until just a few years ago.
Sergio Ermotti fixed Switzerland’s biggest bank after it fell victim to the last financial crash. Now he is being asked to do it all over again.
Finance and neutrality,linchpins of Switzerland for so many years,have left it exposed like never before. Everything is going wrong at once.
The spate of bank collapses in the US and Credit Suisse’s near-death experience has shone a light on the risks of financial contagion. Australia’s bank regulation might be a useful starting point to tackle them.
The pandemic and Russia’s war in Ukraine could lead to a “lost decade” that would mean more poverty and fewer resources to combat climate change,the World Bank says.
Fear and loathing is spreading through the global financial system,with Deutsche Bank the latest giant in the crosshairs. But there are greater points of vulnerability that cause concern.
The collapse of Credit Suisse and the problems with America’s smaller banks may seem part of a broader malaise. But they’re also the victims of their own poor decisions.
Policymakers said they were expecting the pace of price rises to slow “significantly” in the coming months despite February’s surprise increase in inflation.
The chief executive of one of Australia’s largest cryptocurrency exchanges has said the recent banking turmoil has provided an opportunity for digital assets.