Credit Suisse Tempts Asia’s Wealthy with Higher Deposit Rates
Credit Suisse is offering significantly higher deposit rates to attract new funds from wealthy clients in Asia, aiming to counter recent outflows and retain its bankers. The Swiss bank is providing a 6.5% annual rate on new three-month deposits of $5 million or more, according to three sources familiar with the matter who chose to […]
Asian Stocks Gain as Markets Brace for US Rate Decisions
Asian shares edged higher on Monday, March 06, 2023, while bond markets stayed cautious ahead of a U.S. rate outlook update and an upcoming jobs report that could determine the size of the next interest rate hike. Investor sentiment was slightly dampened by Beijing’s decision to set a modest growth target of 5%, below the […]
