Asia stocks bounce gingerly but bank fears lurk

SINGAPORE : Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished.

"Globally, I think we're a long way from being out of the woods on this," Sydney-based Jefferies' banking analyst Brian Johnson said, with the present stress set against a backdrop of higher capital costs and declining loan growth. That somewhat abated after regulators in Europe and Britain stepped in to reassure investors that it would not set a precedent.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS: Credit Suisse to continue operating without interruption in Singapore following UBS rescueSINGAPORE – The UBS takeover of Credit Suisse is not expected to have an impact on the stability of Singapore’s banking system, with the latter to continue operating in Singapore without interruptions and its customers having access to their accounts, the Monetary Authority of Singapore (MAS) said on Monday. The central bank added in its statement that Credit Suisse’s contracts...
Source: asiaonecom - 🏆 10. / 59 Read more »