Reuters US Business

By David Lawder WASHINGTON (Reuters) -Top U.S. regulators on Friday proposed new rules to speed the assessment of financial stability risks and make it easier to designate non-bank institutions as systemically important, subjecting them to Federal Reserve supervision. The multi-regulator Financial Stability Oversight Council released the proposals for public comment just over a month after …

U.S. financial regulators to tighten rules on non-banks, systemic risks Read More »

(Reuters) -SVB Financial Group CEO Gregory Becker and financial chief Daniel Beck resigned this week, the collapsed lender said in a regulatory filing on Friday. Becker resigned on April 19, while Beck left the company on April 18, SVB said. The two top executives were sued in March by shareholders who accused them of concealing …

SVB says CEO, CFO resigned this week Read More »

(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign of stabilization in the financial institutions hardest hit by deposit outflows after last month’s failure of two large regional banks. Federal Reserve data released on Friday showed deposits at all …

US bank deposits, loans ticked down in latest week -Fed data Read More »

(Reuters) -Tesla Inc raised the U.S. prices for its Model S and X premium electric vehicles on Thursday, according to its website, although they are still 20% lower than at the start of the year after a slew of price cuts to drum up demand. The move came after Tesla shares slumped nearly 10% on …

Tesla hikes US prices days after sixth price cut this year Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Lisa Cook said Friday that the outlook for the next stage of central bank monetary policy has grown less clear after the institution has taken appropriately aggressive steps over the last year to lower price pressures. As the Fed moves toward its next decision …

Fed’s Cook sees a less certain outlook for future of monetary policy Read More »

(Reuters) – Nasdaq Inc on Friday said its board appointed Tal Cohen and Nelson Griggs each as presidents, formalizing the corporate structure the transatlantic exchange operator recently put in place to boost its efforts in major growth areas, like anti-financial crime software. With the appointments, Nasdaq Chief Executive Officer Adena Friedman, who was also appointed …

Nasdaq appoints Cohen and Griggs each as presidents, formalizing new structure Read More »

(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders. Mexico is the world’s top silver producer and one of the largest producers of copper and gold. Since …

Mexico’s lawmakers approve overhaul of mining industry Read More »

By Dietrich Knauth (Reuters) – The U.S. Supreme Court on Wednesday ruled that the Mall of America outside Minneapolis – the nation’s largest shopping complex – can challenge an extremely cheap lease it made decades ago with Sears Holdings Corp, which was subsequently sold to a new owner during the department store chain’s bankruptcy. In …

US Supreme Court allows Mall of America to fight cheap Sears lease Read More »

By John McCrank (Reuters) – The U.S. Securities and Exchange Commission (SEC) published a staff bulletin on Thursday giving guidance on how broker dealers and investment advisers must put their clients’ interests ahead of their own when providing advice and recommendations to retail investors. The guidance, which is the third in a series of such …

U.S. SEC issues guidance on broker and adviser ‘care obligations’ Read More »

By Eliana Raszewski, Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s central bank hiked the benchmark interest rate a sharper-than-expected 300 basis points on Thursday after inflation soared past expectations in March to hit 104% on an annual basis, the monetary authority said in a statement. Reuters earlier reported, citing an official source, …

Argentina central bank hikes interest rate to 81% after inflation overshoot Read More »