As the Democratic National Convention (DNC) rolls into Chicago, the city’s business district is already looking like a fortress. Storefronts that typically showcase high-end fashion, … Read more
By Allison Lampert, Valerie Insinna and Abhijith Ganapavaram SEATTLE (Reuters) – Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and … Read more
By Krystal Hu (Reuters) – When he left Morgan Stanley to join SoftBank Group in Tokyo in 2015, Alex Clavel had little in common with … Read more
By Gram Slattery WASHINGTON (Reuters) – A pair of key figures at the main super PAC supporting Ron DeSantis’ presidential bid have left the organization, … Read more
(Reuters) – A team of bankers focused on healthcare at Citigroup has left for rival Jefferies Financial after the firm’s executives mulled closing the municipal … Read more
House Dems Built On Fundraising Advantage During GOP’s Month Of Turmoil, New Filings Show Robert Schmad on November 22, 2023 The primary Republican House fundraising … Read more
By Yousef Saba FUJAIRAH (Reuters) – The deputy CEO of commodity trader Mercuria, Magid Shenouda, said on Wednesday that oil could go to $100 a … Read more
‘Defeated Young Lady’: Mom Tears Up Describing Turmoil After Male Joined Her Daughter’s College Swim Team Brandon Poulter on October 5, 2023 A mother teared … Read more
By Steven Scheer JERUSALEM (Reuters) – Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term … Read more
By Huw Jones LONDON (Reuters) – This year’s bank turmoil showed some boards and senior management failed in their most basic responsibilities and more regulatory … Read more
Orsted, the Danish company seeking to build a massive wind farm off the coast of New Jersey has been dealt multiple financial blows this week. … Read more
A look at the day ahead in European and global markets from Kevin Buckland China continues to set the mood for markets, and the tone … Read more
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As waves of volatility crashed … Read more
By Ann Saphir (Reuters) – Months after a string of bank failures sent shockwaves through the global banking industry, U.S. banks are still heavily using … Read more
China’s Economic Turmoil Could Raise Prices For The Average American, Experts Say Will Kessler on July 19, 2023 China’s economy is struggling after failing to … Read more
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick … Read more
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking … Read more
(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil … Read more
By Nupur Anand NEW YORK (Reuters) – Minority-owned banks in the U.S. have stayed resilient during this year’s industry turmoil thanks in part to government … Read more
By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its … Read more
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday a U.S. debt default could trigger market turmoil, and will likely have a … Read more
WASHINGTON (Reuters) – The U.S. banking sector overall appears well-positioned to weather recent industry turmoil, but the experience could still weigh on credit conditions in … Read more
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday … Read more
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is … Read more
By Jan Strupczewski and Balazs Koranyi STOCKHOLM (Reuters) – Last month’s turmoil in the banking sector barely affected European Union lenders but there remains an … Read more
By Chiara Elisei LONDON (Reuters) – Corporates’ access to capital deteriorated after turmoil in the banks sector in March while cash flow and earnings are … Read more
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, … Read more
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as … Read more
By Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of … Read more
By Huw Jones LONDON (Reuters) – The G20’s financial watchdog on Wednesday said rules it introduced after the global financial crisis had prevented contagion from … Read more
ZURICH (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial … Read more
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investment funds with environmental, social and governance (ESG) goals appear to be back in vogue in … Read more
MILAN (Reuters) – Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the … Read more
(Reuters) – U.S. consumer sentiment fell for the first time in four months in March as consumers worried increasingly that a recession is coming, although … Read more
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of … Read more
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world … Read more
WASHINGTON (Reuters) – Rapid actions by policymakers and major central banks after banking collapses in the United States and Switzerland have eased market stress to … Read more
LONDON (Reuters) – Global central banks must juggle the need to control inflation through higher interest rates and to calm markets unnerved by banking sector … Read more
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates because underlying price growth is sticky, two … Read more
FRANKFURT (Reuters) – European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit … Read more
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – An A$300 billion ($201.21 billion) refinancing task for Australia’s biggest banks is about to get harder, … Read more
SYDNEY (Reuters) – Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some banks in the … Read more
LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary … Read more
FRANKFURT (Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking to its inflation fight despite turmoil in … Read more
(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening … Read more
LONDON (Reuters) – British markets, roiled by concerns about European banks after shares in Credit Suisse fell 30%, showed little reaction to Chancellor Jeremy Hunt’s … Read more
LONDON (Reuters) – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since mid-December, after a meltdown in U.S. … Read more
LONDON (Reuters) – European banking stocks headed for their largest one-day fall in nine months on Friday, a day after a sharp sell-off in U.S. … Read more
By Gopal Sharma KATHMANDU (Reuters) – Nepal’s ruling coalition was in turmoil on Saturday after the prime minister said he planned to support a presidential … Read more
JERUSALEM (Reuters) – Bank of Israel Governor Amir Yaron held an emergency meeting of the country’s Financial Stability Committee late on Wednesday to discuss developments … Read more