Reuters US Money

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury will announce on Tuesday that a coalition of private firms and foundations will deposit $1 billion into minority-owned and community development financial institutions to boost their lending firepower in underserved communities. A Treasury official said the commitment by the Economic Opportunity Coalition will be announced by …

Private firms, foundations to deposit $1 billion at minority, community lenders-Treasury Read More »

By Doina Chiacu, Manya Saini and John McCrank WASHINGTON (Reuters) -Kim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water. The reality television star and influencer has agreed to settle charges of unlawfully touting …

Kim Kardashian pays $1.26 million fine for paid crypto ad, SEC says Read More »

By Marie Mannes and Richa Naidu GDANSK/LONDON (Reuters) -Elliott Management Corp, which has raised its stake in Swedish Match, would consider taking a seat on the board of the Stockholm-based maker of Zyn nicotine pouches, according to a source familiar with the matter. Along with three other investors and a chair, Elliott is on a …

Elliott could seek seat on Swedish Match board -source Read More »

ZURICH (Reuters) – Credit Suisse has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen by Reuters on Friday and confirmed by a spokesperson for the Swiss bank that is due to announce the outcome of a strategic review next month. “I know it’s not easy to remain focused amid …

Credit Suisse has strong capital base and liquidity -CEO memo Read More »

LONDON (Reuters) – Interventions in the last week have helped calm panicking markets but the actions taken by the Bank of Japan and Bank of England are “not yet credible nor coordinated”, Bank of America said in a note on Friday. BofA analysts also said their ‘Bull & Bear’ indicator, which seeks to track market …

Central bank action “not yet credible nor coordinated” -BofA Read More »

By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Indonesia’s sovereign wealth fund has garnered more than $20 billion of co-investments from funds including Singapore’s GIC and Abu Dhabi Investment Authority, and is actively looking at infrastructure assets, its top executive told Reuters. “The money is there, but to find the right one at the …

Indonesian sovereign wealth fund draws $20 billion in co-investments Read More »

By Kirstin Ridley and Andres Gonzalez LONDON (Reuters) -Andrea Rossi, the investment veteran named as chief executive of M&G on Thursday, has ruled out breaking up one of Britain’s best-known fund management companies and expects growth despite turbulent markets and a cost-of-living crisis. Rossi, who replaces outgoing CEO John Foley next month, told Reuters that …

New M&G CEO rules out break-up, sees opportunity in volatility Read More »

By Chris Taylor NEW YORK (Reuters) – If you are feeling the effects of inflation, here is a news flash: Your kid is, too. Allowances do not go as far as they used to. In fact, average weekly allowances are up 3.55% through the first seven months of 2022, compared with the same period the …

The new allowance rule? Allow for inflation Read More »