Defense Spending Bill Cuts Diversity Programs, But Leaves Out Provisions Blocking Trans Procedures, Abortion Funding
Defense Spending Bill Cuts Diversity Programs, But Leaves Out Provisions Blocking Trans Procedures, Abortion Funding Micaela Burrow on March 21, 2024 The defense spending bill unveiled in the House early Thursday cuts…
Australia ‘heartened’ as US Congress expected to pass AUKUS provisions
By Kirsty Needham SYDNEY (Reuters) – Australia’s government on Friday welcomed signs that a U.S. defense spending bill which would authorise the sale of nuclear submarines to Australia is set to pass…
Israel’s Bank Leumi Q3 profit slips as loan-loss provisions soars over war
By Steven Scheer JERUSALEM (Reuters) – Bank Leumi, Israel’s largest lender, reported a slight dip in third-quarter net profit as its provisions against loan defaults jumped tenfold due to the Israel-Hamas war…
Canada banks’ quarterly profits seen hit by rising provisions
By Nivedita Balu TORONTO (Reuters) – Canada’s big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing…
Federal Court Torpedoes Key Provisions Of Voting Rights Act
Federal Court Torpedoes Key Provisions Of Voting Rights Act Arjun Singh on November 20, 2023 A federal appeals court ruled Monday that individuals cannot sue their state governments for violations of Section…
Toronto-Dominion Bank’s quarterly profit falls as loan-loss provisions rise
(Reuters) – Toronto-Dominion Bank on Thursday reported a drop in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover losses from borrowers who might fall behind on loan…
Few Provisions Blocking Left-Wing Social Policies Squeak Through Senate’s Defense Bill
Few Provisions Blocking Left-Wing Social Policies Squeak Through Senate’s Defense Bill Micaela Burrow on July 28, 2023 A completed Senate draft of the defense policy bill for 2024 scored a handful of…
KeyCorp second-quarter profit halves on higher loan loss provisions
(Reuters) – KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day funds amid growing economic uncertainties. Shares of the company fell nearly 3%…
Senate GOP Works In Anti-‘Woke’ Provisions To Defense Bill Despite Democrat Majority
Senate GOP Works In Anti-‘Woke’ Provisions To Defense Bill Despite Democrat Majority Micaela Burrow on June 23, 2023 The Senate Armed Services Committee passed a defense policy bill that includes provisions aiming…
Capital One posts worse-than-feared quarterly profit on provisions
(Reuters) – Consumer lender Capital One Financial Corp’s first-quarter profit missed estimates on Thursday due to an increase in provisions that reduced gains from interest rate hikes. The Federal Reserve’s rate hikes…
Zions Bancorporation profit misses as provisions overshadow NIM gains
(Reuters) – Zions Bancorporation missed estimates for quarterly profit on Wednesday as higher provisions to cover loan losses offset the impact of rising rates on its interest income. Shares of Utah-based Zions…
Canada’s Scotiabank profit falls on capital market slump, provisions
(Reuters) – Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the…
Australia’s Westpac posts lower CET1 ratio as provisions rise
(Reuters) – Westpac Banking Corp said on Friday its common equity tier-1 ratio in the first quarter fell sequentially as the lender increased provisions for bad debts. The bank did not disclose…
BTG Pactual joins Brazilian lenders hit by post-Americanas provisions
By Gabriel Araujo SAO PAULO (Reuters) – Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions due to what it called a “specific,…
‘False Narrative’: Final Version Of Defense Bill Scraps Dem-Backed Provisions To Counter Extremism In Military, US
‘False Narrative’: Final Version Of Defense Bill Scraps Dem-Backed Provisions To Counter Extremism In Military, US Micaela Burrow on December 15, 2022 The final National Defense Authorization Act (NDAA) strips out several…
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorded $87…
German regulator calls on banks to increase risk provisions
FRANKFURT (Reuters) -The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong. Branson, speaking at a conference in Frankfurt, praised…
Banks in the euro zone will have to raise provisions to cope with economic slowdown
MADRID (Reuters) – Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the fallout from Russia’s war in Ukraine, ECB…
Democrats will add provisions on insulin to energy, tax bill -Schumer
WASHINGTON – U.S. Senate Democratic leader Chuck Schumer said on Thursday that Democrats would add provisions on insulin to the energy, tax and prescription drug bill they are aiming to pass next…
AFL-CIO says lawmakers should remove ‘pro-China’ provisions from chips bill
By David Shepardson WASHINGTON – The largest U.S. labor organization said on Monday it wants lawmakers negotiating a measure to boost funding for semiconductor chips production and U.S. competitiveness to remove “pro-China…
Sabadell’s Q1 hits profitability target after lower costs, provisions
By Jesús Aguado MADRID – Spain’s Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions and a positive contribution from its British…
Swedbank lands narrow profit beat as loan loss provisions fall
STOCKHOLM – Swedish banking group Swedbank on Thursday reported slightly better-than-expected net profit for the quarter but said a potential interruption of Russian gas deliveries to Europe would have an impact on…
Caixabank has sufficient provisions to withstand current uncertainty, CEO says
By Jesús Aguado MADRID – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. A day…
Bank of Spain urges banks to monitor risks, keep provisions amid Ukraine conflict
MADRID – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic impact from Russia’s invasion of Ukraine and…
House Sends Biden’s Mammoth Spending Package To Senate With Provisions That Democratic Senators Oppose
The House Friday morning passed its version of President Joe Biden’s spending package, sending the $1.7 trillion bill to the Senate where it is all but certain to be picked apart by…
Lawmakers Scramble To Fix ‘Devastating’ Tax Reporting Provisions In Infrastructure Bill
Lawmakers are working to fix cryptocurrency tax reporting requirements included in the bipartisan infrastructure bill. The Infrastructure Investment And Jobs Act signed into law by President Joe Biden on Monday contains several digital…
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