The Latest Breaking News from ING

Asian stocks rise as anxiety over banks starts to fade

Asian stocks are higher after anxiety about the global financial system began to fade following three high-profile bank failures

The Independent UK · Mar 29, 2023

Bank of England ‘vigilant’ in wake of Silicon Valley Bank collapse, says Bailey

Governor tells MPs market turmoil has ‘tested’ banking sector for signs of weaknesses but denies fresh crisis is looming

The Guardian - UK · Mar 28, 2023

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Group AG's takeover of Credit Suisse Group AG has done nothing to alleviate market concerns about the banking sector

Zenger · Mar 23, 2023

Fed gets more room to pause rate hikes after drops in producer prices, retail sales

U.S. producer prices and retail sales both declined in February, giving Federal Reserve officials more room to potentially pause interest-rate hikes as they weigh the impact of a banking crisis against inflation risks.

Tribune News Service · Mar 15, 2023

US banking sector outlook downgraded, but regional bank shares surge – as it happened

Shares in First Republic, Western Allliance, PacWest and Zions are all rallying after Monday’s selloff; US inflation drops to 6%

The Guardian - UK · Mar 14, 2023

Fears of another financial crisis as US bank stocks tumble after interest rate hikes

Investors are concerned that a relentless rise in interest rates meant to curb inflation are approaching a tipping point and may be cracking the banking system

Wales Online · Mar 14, 2023

Price war started by Tesla, BYD sends Chinese auto stocks into nosedive in sign of fragile consumer sentiment

Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.

Bangkok Post · Mar 13, 2023

Some savers still being left behind as cash rate lifts

Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.

AAP · Mar 10, 2023

Will China's next premier be a moderating influence on Xi?

The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping’s tendency to intervene

The Independent UK · Mar 9, 2023

China to set up new financial watchdog as part of reforms

New body will replace banking and insurance regulators after concerns over creaking property market

The Guardian - UK · Mar 7, 2023