Reuters US Business

By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S. Treasury Undersecretary Jay Shambaugh said on Monday. Shambaugh said recent bank failures and developments were very different from those of the 2008 global …

US Treasury sees continued global growth despite strains in banking sector Read More »

WASHINGTON (Reuters) – The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange deal to buy Black Knight by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward. The agency on March 9 said it would seek to stop …

FTC asks for temporary halt to Intercontinental Exchange deal for Black Knight Read More »

By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers, the regulator saidon Monday. In 2015 and 2016, Goldman opportunistically sold clients …

Goldman Sachs to pay $15 million fine for swap disclosure violations Read More »

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) – Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month’s regional banking crisis and a slowing economy expected to hurt profitability. Earnings per share for the six biggest U.S. banks …

Wall Street bank earnings under pressure after crisis Read More »

By Divya Rajagopal TORONTO (Reuters) – Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters. Prime Minister Justin Trudeau’s government proposed a 30% investment tax credit for expenses related to the exploration of …

Canada’s budget measures brighten funding prospects for critical miners Read More »

(Reuters) -The U.S. arm of cryptocurrency exchange Binance is struggling to find a bank to handle its customers’ cash after the failure of Signature Bank last month, the Wall Street Journal reported on Saturday, citing people familiar with the matter. Previously, the deposits were sent to either Signature Bank or Silvergate Capital Corp, both seen …

Binance’s US arm struggles to find bank to take its customers’ cash- WSJ 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 sector, Finance Minister Magnus Brunner said in an interview published on Saturday. “Our banks did their homework very well after the financial crisis. They are very well prepared,” Brunner told …

Austrian banks unaffected by banking turmoil – finance minister tells NZZ Read More »

(Reuters) – First Republic Bank said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock “as a measure of prudent oversight.” Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank. Large U.S. banks injected $30 billion in …

First Republic bank to suspend dividends on preferred stock Read More »