German economy, auto sector face risks from exposure to China, fund manager says
A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai...
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Turkey’s crypto rules seen addressing licensing, taxation after boom
Crypto asset regulation expected in 2024Platform licensing and taxation seen as focusTurkey seeking to shed FATF grey-list statusCrypto booming amidst...
EU loophole lets banks dodge ECB’s crypto supervision, needs fixing -Enria
Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsFRANKFURT, Nov 14 (Reuters)...
US bank regulators to be grilled by Congress on capital hike plan
Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts.Barr, the Federal...
Morning Bid: Murky US inflation picture
A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...
Focus: UniCredit CEO Orcel’s ‘bank of Europe’ ambition tough to realise
Shares have risen 190% since CEO took overDiscount to book value more than halvedStrong currency for M&A but deals hard...
ECB to hold rates through mid-2024 despite stalling economy- Reuters Poll
BENGALURU, Nov 14 (Reuters) - The European Central Bank will hold interest rates steady well into next year, with a...
New Slovak government eyes tax, spending hikes, slow deficit reduction
Slovakia's newly appointed Prime Minister Robert Fico attends the new cabinet's inauguration, at the Presidential Palace in Bratislava, Slovakia, October...
Britain’s Global Investment Summit draws top banking bosses
JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S....
US Senate Republicans urge bank regulators to scrap capital hike efforts
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - A group of 39 Senate Republicans in a letter on Monday called on major U.S. banking regulators to withdraw a contentious proposal to significantly raise bank capital requirements, warning it could hinder lending and harm the economy.THE TAKERepublicans have been consistently critical of the so-called "Basel III endgame" proposal, but Monday's letter marks one of the broadest, most explicit attempts so far to derail that effort,...