Banking & Finance
JPMorgan strategists cut S&P 500 target on Iran war uncertainty
[NEW YORK] JPMorgan strategists cut their price target on the S&P 500 Index, saying the upside potential for risk assets is “more constrained” by a war in the Middle East.
Blackstone private credit fund has first monthly loss since 2022
[LOS ANGELES] Blackstone’s flagship private credit fund posted its first monthly loss in more than three years, one of the clearest signs yet of weakening performance in the US$1.8 trillion market.
China to allow more banks to handle digital yuan: sources
Twelve new banks to be added to e-CNY programme
UBS gets final nod for US bank licence amid growth push
The lender is planning to expand offerings for wealth clients in US
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ECB would need April hike if price outlook sours, Nagel says
Governing Council member Joachim Nagel says a more restrictive monetary-policy stance would probably be necessary
OCBC cannot claim US$56 million from insurers for the capsized vessel it funded: Court of Appeal
Court says bank had not proved rig was lost by peril of the seas as it did not offer a cause of seawater entering vessel by chance
Bitcoin holding at US$70,000 as Iran war stokes inflation concerns
Bitcoin has fallen for three straight days after reaching a six-week high of nearly US$76,000 on Tuesday
MAS launches AI risk toolkit for financial institutions with case studies from DBS, peers
Singapore’s central bank will also set up an artificial intelligence risk management workgroup
Rupee breaches 93 per US dollar to hit record low as Iran war risks deepen
With no let-up in the conflict, Indian currency looks increasingly vulnerable and could slip to 95 per dollar
Central banks stand ready to tackle war-led inflation
[LONDON] Top central banks said on Thursday they stood ready to tackle any surge in inflation with tighter policy, as an escalation in the Iran war put the Middle East’s vital energy infrastructure in...
