Reuters US Business

By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank hiked the quantum of funds that it intended to inject into the banking system through an overnight infusion on Wednesday, after aggressively intervening in the foreign exchange (FX) market in the last two sessions. The Reserve Bank of India (RBI) had offered to pour in 2.50 trillion …

Indian central bank hikes overnight fund infusion post heavy FX intervention Read More »

(Reuters) -China oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s efforts to tackle risks in the small banking sector could end up creating more problems down the road. Many of the roughly 4,000 small Chinese banks are backed by indebted provincial governments …

Exclusive-China’s record mergers in $8 trillion small banking sector raise future risks Read More »

By Byron Kaye and Himanshi Akhand (Reuters) -Commonwealth Bank of Australia,, the country’s biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high. The result came despite what the bank called a challenging period for its customers who …

Australia’s CBA first-half profit climbs as economic pain for consumers wanes Read More »

By Saeed Azhar, Nupur Anand, Tatiana Bautzer NEW YORK (Reuters) -U.S. bank executives said on Tuesday they expected policy uncertainty to linger as President Donald Trump’s second administration takes shape, but remained optimistic on the economic outlook. Trump introduced a raft of executive orders, tariffs and personnel changes since he took office last month. In …

Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy Read More »

By Nupur Anand and Niket Nishant NEW YORK (Reuters) -JPMorgan Chase’s investment banking fees have grown by a mid-teens percentage so far in the first quarter as clients’ economic optimism grows, Chief Operating Officer Jennifer Piepszak said on Tuesday. Wall Street profits have surged in recent months as banks benefited from a recovery in dealmaking …

JPMorgan sees investment banking fees rising by mid-teens percentage in first quarter Read More »

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs would consider acquisitions in asset and wealth management, but would be highly selective about any deal, CEO David Solomon said on Tuesday. “If we could find things that could accelerate our asset and wealth management journey, we would consider them,” he told the UBS …

Goldman Sachs CEO open to acquisitions in asset, wealth management Read More »

By Ross Kerber (Reuters) -Top proxy adviser Institutional Shareholder Services said on Tuesday it will no longer consider the gender, racial or ethnic diversity of U.S. company boards when making its voting recommendations. In a statement posted on its website, ISS cited how in the U.S. “there recently has been increased attention on diversity, equity, …

ISS ends diversity considerations for US boardrooms, citing Trump orders Read More »

By Dawn Chmielewski and Harshita Mary Varghese (Reuters) -Walt Disney is changing its diversity, equity and inclusion (DEI) programs to focus more closely on business outcomes, according to a memo seen by Reuters. The media giant joins several of the largest businesses in the U.S. responding to the Trump administration’s efforts to dismantle DEI initiatives. …

Disney tweaks DEI programs to focus on business outcomes, memo says Read More »

By Jarrett Renshaw, Jasper Ward and Philip Blenkinsop WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump’s planned 25% tariffs on steel and aluminum imports would pile on top of other levies on Canadian goods, resulting in a total 50% tariff if threatened duties on all imports from Canada are enacted in March, a White House official said …

US tariffs would stack for Canada, official says as countries condemn Trump moves Read More »