Tag: regional banks
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UOB Faces Rising Risks from Hong Kong and China Property Loans as Prices Fall
Overview: A Widening Wedge in Asia Property Financing Singapore’s United Overseas Bank (UOB) is grappling with mounting pressure from its exposure to Hong Kong and China real estate. As property prices in these markets retreat and liquidity tightens, UOB’s significant lending to developers and buyers in the region has become a focal point for investors,…
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Global Markets Tumble as Gold Soars to Record High amid Bank Stress Fears
Global markets retreat as concerns over US regional banks mount Global stock markets fell sharply on Thursday as headlines about US regional banks exposed to millions of dollars in bad loans and alleged fraud spurred investor risk-off sentiment. European indices led the retreat, with London’s FTSE 100 dropping around 1.5%, Germany’s Dax slipping about 2%,…
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Global Markets Slump as US Regional Banks Spark Gold Record
Global markets fall as credit stress rattles investors Global stock markets slipped sharply after two US regional lenders disclosed exposure to millions of dollars in bad loans and alleged fraud. The developments sent shockwaves through Europe and Asia, fueling a rapid shift toward safer assets and a flight to gold, which reached a new high…