Reuters US Money

By Lananh Nguyen and Manya Saini (Reuters) -Bank of America agreed to pay bond insurer Ambac Financial Group $1.84 billion, the bank said in a filing Friday, bringing to a close the last of the lender’s major lawsuits stemming from the 2008 mortgage crash. The settlement concludes the Charlotte, North Carolina-based lender’s protracted legal battle …

Bank of America to pay Ambac $1.84 billion to settle crisis-era mortgage case Read More »

LONDON (Reuters) – Investors piled into cash at the fastest weekly rate since April 2020 in the week to Wednesday, as soaring government borrowing costs, high energy prices and slowing growth fanned risk aversion, BofA Global Research said in a note on Friday. Investors ploughed $88.8 billion into cash, BofA said, citing EPFR data, and …

Risk-averse investors pile into cash at fastest rate since April 2020 Read More »

By Ross Kerber (Reuters) – The impact of a new “anti-woke” Texas law designed to protect fossil fuel companies is about to be tested after state agencies reported their holdings in BlackRock Inc and other firms that have been censured by State Comptroller Glenn Hegar. The new law would have agencies divest from the stocks …

Analysis-Texas agency may keep BlackRock funds in test for new fossil fuel law Read More »

By Yousef Saba DUBAI (Reuters) -Saudi Arabia’s Public Investment Fund was set to raise $3 billion on Wednesday in its first foray into the debt capital markets, taking advantage of a brief period of calm to become the first sovereign wealth fund to issue green bonds. PIF joined a flurry of other issuers tapping the …

Saudi wealth fund raises $3 billion with debut green bonds Read More »

DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund is expected to raise between $2.5 billion and $2.75 billion in its debut bond sale that will make it the first sovereign wealth fund with a green issuance, a bank document showed on Wednesday. PIF is expected to sell between $1 billion and $1.25 billion in a …

Saudi Arabia’s PIF expected to raise $2.5-2.75 billion with debut bonds Read More »

ZURICH (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday. Switzerland’s second-biggest bank saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday, before clawing back some of the losses, amid concerns …

Swiss National Bank monitoring Credit Suisse situation – Maechler Read More »

By Jeffrey Dastin (Reuters) – Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders. The online retailer said it is aiming to put money into more than 10 funds supporting some 200 companies at or …

Amazon makes first venture fund bets with $150 million for underrepresented founders Read More »

By Lananh Nguyen NEW YORK (Reuters) -Bank of America Corp plans to deposit an additional $100 million into banks that focus on minority communities, the company said on Tuesday. The program doubles Bank of America’s earlier pledge to deposit $100 million in minority depository institutions, or MDIs, that are mostly owned by minority individuals. The …

Bank of America to invest $100 million in deposits to minority-owned banks Read More »