OpenAI launched a new AI model, GPT-4, Tuesday, adding to the surge in interest for artificial-intelligence applications. Read More...
Reuters
Asia Pacific lenders to see limited hit from U.S. bank failures – Moody’s
Lenders in the Asia Pacific region are likely to see a limited impact of U.S. bank failures due to their stable funding sources and ample liquidity, Moody’s Investors Service said on Tuesday. Banks in the region, including China, Japan, Taiwan, India, Korea, Singapore, among others are “mostly funded with customer deposits, while their market borrowings are modest at about 16% of their total assets on average,” the global ratings agency said in a note. U.S. state regulators closed New York-based Signature Bank on Sunday, the third largest failure in the country’s banking history, two days after authorities shuttered Silicon Valley Bank, following mass withdrawals of customer deposits.
Add Comment