BLOOMBERG  Citigroup Inc Chief Executive Officer (CEO) Jane Fraser said mobile apps and consumers’ ability to move millions of dollars with a few clicks of a button mark a sea change for how bankers manage and regulators respond to the risk of bank runs. Fraser said the fast demise of Silicon Valley Bank also made it difficult for banks to …

BLOOMBERG European stocks fell as investors awaited key rates decisions in the region. US equity futures climbed, signalling a recovery following a tumultuous day of losses on Wall Street. The Stoxx Europe 600 Index slid 0.5% before a policy announcement from the Bank of England (BOE). The Swiss central bank raised its key rate by 50 basis points and signalled …

BLOOMBERG The Federal Reserve’s decision to raise interest rates once again while keeping its year-end forecast unchanged is set to keep Asian stocks under pressure and help government bonds rally, according to regional-focussed investors and strategists. A weaker dollar will help bolster emerging-market currencies and may also provide some relief for Asian equity markets, which will otherwise mirror weaker risk …