US banks’ profit picture less clear with cloudy rates trajectory
NEW YORK, April 12 (Reuters) - The uncertain trajectory of interest rates is making it hard for U.S. banks to...
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US economy grows 3.3%, NY Dow renews record high
The US has released its latest GDP figures, showing an economy growing faster than anticipated. The data beat market expectations...
US sets policy to seize patents of government-funded drugs if price deemed too high
Isabelle Lawler, a pharmacy student, answers calls at Skippack Pharmacy in Schwenksville, Pennsylvania, U.S., February 26, 2021. Picture taken February...
US, Mexico to cooperate on investment security screening, payments systems
U.S. Treasury Secretary Janet Yellen gives a statement to the press during her visit in Mexico City, Mexico December 6,...
Robinhood expands crypto trading to more-regulated European Union
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in...
Global banks forecast improved investment banking outlook
A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsNEW YORK, Dec 5 (Reuters) - Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry event on Tuesday.Both M&A activity and initial public offerings (IPOs) faltered last year after Russia's invasion of Ukraine and the U.S. Federal Reserve's aggressive rate hikes to tame inflation."The M&A deals are coming a little faster,"...
Central bank blunders undermine tough rate talk
LONDON, Dec 5 (Reuters Breakingviews) - Words are fighting it out with numbers in financial markets at present. Comments by...
Swiss Banque Pictet pays $123 mln for helping clients evade US taxes
The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Dec 4 (Reuters) - Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department, federal prosecutors said on Monday.According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between...
Russian court rules in favour of VTB Bank’s $122 mln claim from former European subsidiary
This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 1 (Reuters)...
Infrastructure funds prepare sales of airports in UK and Italy-sources
A aircraft taxis past the control tower at Edinburgh Airport in Scotland April 23, 2012. REUTERS/David Moir/File Photo Acquire Licensing RightsLONDON, Dec 1 (Reuters) - A group of infrastructure investors around Europe are working on the sale of their stakes in European airports, leveraging on the recovery of travel in the wake of the COVID-19 pandemic, according to bankers, investors and industry sources.Among the largest of the airports that may see a change of ownership as soon as 2024 is Edinburgh, five of the sources said.Its owner Global Infrastructure Partners...