capital-and-liquidity
Top StoriesBoeing Supplier Senior Sees Strong H2 as Demand Picks Up, Supply Issues Ease
Top StoriesTruck Maker Volvo’s Quarterly Profit Surges, Beats Estimates
Top StoriesCathay Pacific to Order Boeing 777-8F Freighter -Sources
Top StoriesFrench Retailer Casino’s Shares Slump 6% After S&P Downgrade
Jp Morgan to Buy First Republic’s Assets and Assume Deposits
Date: May 1, 2023
JP Morgan to buy First Republic’s assets and assume deposits (Reuters) -United States regulators said on Monday First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co, in what is the third major U.S. institution to fail in two months. The banking giant will take $173...
BoE’s Bailey Says Bank Reforms Worked but Questions About Liquidity Buffers
Date: April 13, 2023
BoE’s Bailey says bank reforms worked but questions about liquidity buffers By Huw Jones (Reuters) -Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future. The failure...
Mitsubishi Ufj to Postpone AT1 Bond Issuance in Credit Suisse Fallout
Date: April 3, 2023
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, a spokesperson said on Monday, making the bank one of the first to do so after Credit Suisse AT1 holders lost some $17 billion. Mitsubishi UFJ decided on the postponement taking into account investor appetite and market...
StanChart CEO Says AT1 Bond Wipeout Has Profound Impact
Date: March 24, 2023
By Selena Li HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a “moral hazard”. As part...
British Ev Startup Arrival Gets $300 Million Funding, Aims to Slow Cash-Burn
Date: March 14, 2023
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it seeks to slow its cash-burn rate, as the British firm looks to start U.S. production of its van in late-2024. U.S.-listed shares of the company closed 13.5% lower. EV firms have been experiencing a cash...
Mobile Games Developer Huuuge Says Has $24.2 Million at Svb
Date: March 13, 2023
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collapsed Silicon Valley Bank (SVB), adding it has sufficient resources to meet cash requirements for the foreseeable future. U.S.-registered Huuuge said it had about $237 million of cash and securities as of March...