In surprise move, Shazad Dada is replaced as President and CEO of UBL
Muhammad Jawaid Iqbal appointed as President & CEO of UBL for 3 year tenure
First Citizens agrees to acquire failed Silicon Valley Bank
First Citizens BancShares Inc FCNCA.O said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank SIVB.O, closing...
ANZ CEO: Banking turmoil has potential to trigger financial crisis
Australia and New Zealand Banking Group's (ANZ.AX)Â CEO said on Monday the latest turmoil in the global banking system had the potential to...
Analysis: Wall Street push for bank rescues clashes with Washington realities
The banking crisis set off by the swift collapse of Silicon Valley Bank (SIVB.O)Â has exposed a sharp disconnect between Washington and Wall...
Exclusive: JPMorgan, Citi, BofA tell staff not to poach clients from stressed banks
As a series of U.S. lenders were besieged by customers yanking out their money this month, banking behemoths including JPMorgan Chase &...
SBP likely to raise interest rates by 2% in bid to unlock IMF programme
The State Bank of Pakistan (SBP) is planning to increase interest rates by 2% during its upcoming Monetary Policy Committee (MPC) meeting...
Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures
Citigroup Inc (C.N)Â CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil...
Switzerland’s secretive Credit Suisse rescue rocks global finance
Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly...
Credit Suisse says $17bn debt worthless, angering bondholders
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on...
UBS eyeing swoop for Credit Suisse amid fears of banking contagion
UBS AG (UBSG.S) was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse (CSGN.S), sources said, a move that could allay...
Bank rescues ease crisis fears but investors worry it’s not enough
A $30 billion lifeline for First Republic Bank (FRC.N)Â hosed down market fears about an imminent banking collapse on Friday, but a late...
Despite changing patterns, cash remains biggest competition for contactless payments in Pakistan: surveyÂ
LAHORE: As many as 85% of people shopping online changed what website they were using to buy a product depending on whether...
SVB says Goldman Sachs was buyer of portfolio it booked losses on
SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a...
How Silicon Valley Bank’s collapse ripped through global tech
Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke...
The one pound rescue: inside the rush to save Silicon Valley Bank UK
The swift collapse of Silicon Valley Bank in the United States, the nation's biggest bank failure since the financial crisis, initially caught...