Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold. In a […]
NEW YORK, June 21 (Reuters) – The huge rally in Nvidia Corp’s (NVDA.O), opens new tab shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this […]
June 20 (Reuters) – U.S. banking regulators rejected Citigroup’s (C.N), opens new tab so-called “living will”, which is a detailed plan to wind itself down in the event of catastrophic failure, The Financial Times reported on Thursday. In a closed-door meeting, the […]
NEW YORK, June 21 (Reuters) – The huge rally in Nvidia Corp’s (NVDA.O), opens new tab shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this […]
BEIJING, June 20 (Reuters) – China’s banking regulator has given small banks a 2026 deadline to stop selling wealth management products unless they have a separate wealth subsidiary in a bid to curb financial risks, three people with knowledge of […]
BP BP 0.21%increase; green up pointing triangle is taking full control of its Brazilian biofuels joint venture, BP Bunge Bioenergia, with the acquisition of its partner’s 50% shareholding valued at $1.4 billion, as part of its plan to focus on new biofuels projects. […]
LONDON, June 20 (Reuters) – Britain’s central bank looks on course to hold interest rates at a 16-year high of 5.25% on Thursday as underlying inflation pressures prove persistent, depriving Prime Minister Rishi Sunak of a much-needed boost ahead of a July 4 […]
ROME, June 20 (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due […]
WASHINGTON, June 20 (Reuters) – U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow additional feedback from Wall Street after the industry vigorously pushed back, said five people familiar […]
MILAN, June 18 (Reuters) – Plans for a digital euro will be a “very good” thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief Executive […]
