First Citizens buys Silicon Valley Bank
FIRST Citizens BancShares agreed to buy Silicon Valley Bank (SVB) which was seized by regulators following a run on the lender.
IMF chief warns risks to financial stability have increased
INTERNATIONAL Monetary Fund chief Kristalina Georgieva warned on Sunday (Mar 26) that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the…
The Fed has targeted 2% inflation. Should it aim higher?
THERE’S rarely a convenient time for the Federal Reserve to openly debate whether its 2 per cent inflation target makes sense. This isn’t that time, but the Fed better get…
‘No regrets’ in choosing a political career over mathematics: PM Lee
GETTING Singaporeans to trust him is an “unending task”, said Prime Minister Lee Hsien Loong.
Ex-Goldman banker Roger Ng must forfeit US$35.1 million over 1MDB
FORMER Goldman Sachs banker Roger Ng, who was sentenced to 10 years in prison for his role in the global 1MDB fraud, was ordered to forfeit US$35.1 million by a…