(In story from Oct 20, corrects paragraph 1 under subhead to say Zions sued Cantor’s guarantors, not Cantor) By Douglas Gillison, Saeed Azhar, Anirban Sen and Chris Prentice WASHINGTON/NEW YORK (Reuters) – A little-known California real estate investor behind bad loans disclosed by Zions Bancorp and Western Alliance also faces lawsuits by Banc of California …
By Maiya Keidan and Doina Chiacu TORONTO/WASHINGTON (Reuters) -Prime Minister Mark Carney said on Friday that Canada stands ready to resume trade talks with the United States that President Donald Trump halted over an anti-tariff advertisement issued by Ontario’s provincial government. Trump terminated the talks on Thursday over the video which used Republican icon, former …
Carney ready to resume US-Canada trade talks halted by Trump over Reagan ad Read More »
(In October 23 story, corrects paragraph 26 to clarify Zions sued Cantor Group funds’ guarantors, not Cantor Group) By Manya Saini (Reuters) -A spate of credit issues in recent weeks has drawn investor attention to the multi-trillion-dollar global credit market, with risks spanning several high-profile financial firms, including major Wall Street banks and regional lenders. …
From First Brands to Ambipar: latest flashpoints in credit markets Read More »
WASHINGTON (Reuters) -The U.S. Federal Reserve unveiled plans Friday to make its models and scenarios for subjecting large banks to annual “stress tests” publicly available and responsive to feedback, a major shift in its efforts to make the tests more transparent. The proposed changes, which the Fed board is expected to vote on later Friday, …
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased slightly less than expected in September as a surge in the cost of gasoline was partially offset by a sharp moderation in rents, keeping the Federal Reserve on track to cut interest rates again next week. Consumer inflation last month also was restrained by a slowdown …
US consumer inflation cools in September; government shutdown threatens next report Read More »
By Juveria Tabassum and Niket Nishant (Reuters) -U.S. companies across industries are feeling the squeeze from the deepening split between lower-income and affluent consumers as tariffs pile on more uncertainty. Executives at bellwethers such as Coca-Cola, along with toymakers, hoteliers and financial-service providers have noted how lower-income households are canceling or delaying purchases, exposing a …
US firms grapple with economic divide as lower income struggles mount Read More »
By Doina Chiacu and Lucia Mutikani WASHINGTON (Reuters) -The White House said on Friday it had learned there likely will not be a release of inflation data next month due to the U.S. government shutdown, which could leave a gap in a data series stretching back more than a century. An impasse between Republicans and …
White House says October inflation data unlikely to be released next month Read More »
By Alexandra Alper WASHINGTON (Reuters) -Republican lawmakers have been praising a preliminary plan under consideration by President Donald Trump’s administration to curb exports to China of a dizzying array of globally produced technology powered by U.S. software, as first reported by Reuters. Treasury Secretary Scott Bessent confirmed the proposal which, if implemented, could hit global …
Republican US lawmakers applaud Trump’s aggressive China software proposal Read More »
By David Shepardson (Reuters) -The National Highway Traffic Safety Administration said on Friday it is seeking information from Tesla about a new driver assistance mode dubbed “Mad Max” that operates at higher speeds than other versions. Some drivers on social media report that Tesla vehicles using the more aggressive version of its Full Self-Driving system …
US agency asks Tesla about ‘Mad Max’ driver assistance mode Read More »
(Reuters) -JPMorgan Chase has appointed Bank of America executive Kevin Brunner as the global chair of investment banking and M&A, according to an internal memo seen by Reuters on Friday. The largest U.S. lender by assets has been bolstering its investment banking leadership as dealmaking and IPOs make a comeback amid soaring markets and lower …
JPMorgan names BofA veteran chair of investment banking and M&A, memo shows Read More »
