Financial

(Reuters) – A handful of U.S. financial industry heavyweights are cutting jobs to sharpen focus on their core businesses and put themselves on an even keel, after pursuing aggressive growth …

By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial …

MANHATTAN, NY – Manhattan District Attorney Alvin L. Bragg, Jr., has taken a proactive stance against the rising trend of financial app thefts in Manhattan and nationwide. In his latest …

By Chris Taylor NEW YORK (Reuters) – Despite a bullish U.S. stock market and strong economy, workers axed in mass layoffs are struggling to get back on their feet. Recent …

HONG KONG/BEIJING (Reuters) – China will boost efforts to attract foreign firms and will not change its stance to protect the legal rights of foreign companies, the nation’s top financial …

By Huw Jones LONDON (Reuters) – London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City …

MORRIS COUNTY, NJ – The Morris County Prosecutor’s Office (MCPO) recently conducted a webinar focusing on financial scams targeting seniors, as part of its CAREs (Crimes Against Retired & Elderly) …

SEOUL (Reuters) – South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday. The comments by vice …

By Michael S. Derby (Reuters) – Lower-income Americans are starting to face nascent signs of financial turbulence now that government support programs tied to the coronavirus pandemic have wound down, …

By Kanjyik Ghosh (Reuters) – The International Monetary Fund (IMF) on Wednesday approved a $941 million lending boost to Kenya, with an immediate disbursement of $624.5 million, offering some relief …

SEOUL (Reuters) – South Korea’s government said on Wednesday it plans to implement a package of financial policies to support stock investors and small business owners squeezed by high interest …

By Nupur Anand NEW YORK (Reuters) – PNC Financial Services Group’s net interest income shrank as it took on increased charges to replenish a government deposit insurance fund as well …

By Dietrich Knauth NEW YORK (Reuters) -The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to a new, creditor-backed company while it …

ZURICH (Reuters) – Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall of Credit Suisse and sale …

By Sarah Marsh BERLIN (Reuters) – Prosecutors in Germany said on Wednesday they would move to confiscate more than 720 million euros ($790 million) from the Frankfurt bank account of …

(Reuters) – Global investment firm KKR said on Friday funds managed by its credit business has purchased a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank …

By Naomi Rovnick LONDON (Reuters) – Feverish speculation about future interest rate cuts has further loosened global financial conditions, storing up risks for euphoric stock and bond markets if central …

By Pete Schroeder WASHINGTON (Reuters) -Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of …

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing U.S.-Sino relations next year, including a planned second visit to …