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Business & Economy Published 02 Apr, 2023 09:16pm

Swiss prosecutor probes Credit Suisse takeover

Poll shows Swiss economists disagree with deal

Business & Economy Published 01 Apr, 2023 03:11pm

ECB’s De Guindos warns of broad risks in financial sector

The European Central Bank (ECB) is monitoring broad

Business & Economy Published 01 Apr, 2023 01:47pm

Wall St Week Ahead Resilient U.S. stocks failing to factor in recession, investors fear

The benchmark S&P 500 (.SPX) posted a 7% gain for the first quarter

World Published 31 Mar, 2023 02:17pm

Germans shun deposits abroad on fear of new crisis

The collapse of Silicon Valley Bank sparked turmoil in the banking sector

Business & Economy Published 31 Mar, 2023 12:35pm

Massachusetts regulator probes First Republic insiders’ stock sales

A spokesperson for First Republic declined to confirm the firm

Business & Economy Published 29 Mar, 2023 02:33pm

Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

rebuilding the bank after the global financial crisis.

Business & Economy Published 27 Mar, 2023 11:49am

First Citizens to acquire collapsed Silicon Valley Bank

transaction covers $119 billion in deposits and $72 billion in assets

Business & Economy Published 25 Mar, 2023 02:04pm

Moody’s downgrades Poland’s mBank, confirms Bank Millennium

The agency confirmed Bank Millennium’s long- and short-term deposits ratings

Business & Economy Published 24 Mar, 2023 11:11am

StanChart CEO says Credit Suisse bond wipeout had profound impact

As part of the deal for UBS to take over Credit Suisse

Business & Economy Published 24 Mar, 2023 10:44am

Yellen tries to assuage investor fears as bank stocks slide

Investors have dumped banking stocks globally over the past two weeks

Business & Economy Updated 22 Mar, 2023 02:08pm

Pakistan banks close for four days

Zakat deduction Bank Holiday declared for March 24

Business & Economy Published 22 Mar, 2023 01:20pm

Japan yields rise in line with global markets as demand ebbs; Fed decision in focus

Japanese markets were closed on Tuesday for a public holiday

Business & Economy Published 22 Mar, 2023 11:52am

US Fed mulls more rate hikes amid banking uncertainty

After the recent news, the recent developments in the financial markets

Pakistan Published 21 Mar, 2023 03:34pm

Zakat Nisab fixed at Rs103,159, to be deducted on 1st Ramazan

The first day of Ramazan is likely to fall on March 23 or 24, 2023.

Business & Economy Published 21 Mar, 2023 11:28am

Switzerland’s secretive Credit Suisse rescue rocks global finance

Customers have already pulled $110b from Zurich-based bank in the last three months of 2022

Business & Economy Published 21 Mar, 2023 11:05am

US government seeks to avoid ‘bailout’ label amid banking turmoil

Authorities say FDIC will use resources from Deposit Insurance Fund to ensure that depositors are made whole

Business & Economy Published 20 Mar, 2023 10:56am

Rupee seen little changed tracking Asian markets; CS fallout eyed

Non-deliverable forwards indicate the rupee will open at around 82.50-82.55 to US dollar

Business & Economy Published 19 Mar, 2023 11:45am

Crunch time for Credit Suisse talks as UBS seeks Swiss assurances

Guarantees UBS is seeking 'would cover the cost of winding down parts of Credit Suisse and potential litigation charges'

Business & Economy Published 18 Mar, 2023 09:16am

UBS in talks to acquire embattled Credit Suisse: Financial Times

UBS wants to assess what risks a full or partial takeover of its rival could pose to its own business, says source

Business & Economy Published 17 Mar, 2023 09:44am

Bank lifelines ease global financial crisis fears

Multi-billion dollar lifelines for troubled US and European banks shore up investors confidence

Business & Economy Published 16 Mar, 2023 08:58am

Credit Suisse secures $54b lifeline as authorities rush to prevent global bank crisis

Swiss bank's announcement helped stem heavy selling in financial markets in Asian morning trade

Business & Economy Published 14 Mar, 2023 09:14am

Global bank stock rout deepens as SVB collapse fans crisis fears

A furious race to reprice interest rate expectations also sent waves through markets

Business & Economy Updated 02 Mar, 2023 09:32pm

How the interest rate hike is going to affect you

Both savers and people taking out personal loans will find themselves in a bind

Business & Economy Published 02 Feb, 2023 04:18pm

Dar calls for eliminating interest-based system from Pakistan

Adds that SBP and NBP will withdraw their petitions against riba-free banking

Business & Economy Published 23 Dec, 2022 04:07pm

‘We will succeed’ in taming inflation, vows ECB’s Lagarde

ECB president says they will further raise interest rates

Business & Economy Updated 16 Dec, 2022 02:46pm

Govt slashes petrol prices by Rs10 per litre

Petrol will now be available at Rs214.80

Business & Economy Published 13 Dec, 2022 06:01pm

SBP not to accept old-design banknotes after Dec 31

Central bank informs the public to avail the final opportunity to exchange such banknotes

Business & Economy Updated 30 Nov, 2022 06:51pm

Ishaq Dar reiterates govt’s determination to scrap interest-based system

Says efforts are being made to connect every individual with the banking system

Business & Economy Updated 30 Nov, 2022 02:12pm

Ishaq Dar seeks support from Bank of China to expand ties

Bank of China president commends facilitation provided by Pakistan on various Chinese projects

Business & Economy Published 21 Nov, 2022 09:26am

Dollar edges higher as China Covid worries spur defensive buying

Dollar index rose 0.131% to 107.030 on Monday