Fintech firm SoFi set to exit cryptocurrency business
A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017....
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Rapid shocks in store for insurers in new Bank of England tests
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
UK, Singapore partner to boost economic growth, strengthen security
British Prime Minister Rishi Sunak walks at Downing Street in London, Britain September 6, 2023. REUTERS/Susannah Ireland/File Photo Acquire Licensing...
US regulators to unveil plan for banks to build cash reserves
WASHINGTON, July 27 (Reuters) - U.S. regulators are set to propose a rule that could significantly raise capital requirements for larger banks, forcing them to cut costs and retain earnings in an effort to cushion against potential losses that could harm customers and investors.The proposal, to be unveiled later on Thursday and voted on by the Federal Deposit Insurance Corporation and the Federal Reserve, marks the first in an extensive effort to tighten bank oversight, particularly in the wake of spring turmoil that saw three large financial firms fail.The rule,...
UK regulators to warn banks on failure to alert over better savings deals – FT
Financial Conduct Authority (FCA) signage at the British financial regulatory body's head office in London, Britain, March 10, 2022. REUTERS/Toby...
Santander expanding investment bank in US and UK, sources
MADRID/LONDON, July 14 (Reuters) - Santander (SAN.MC) is accelerating growth of its investment bank by hiring at least 50 bankers...
UN asks Putin to extend Black Sea grain deal in return for SWIFT access -sources
UNITED NATIONS, July 12 (Reuters) - U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend...
UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
A man walks past houses ‘For Sale’ in a residential street in London, Britain, September 27, 2022. REUTERS/Hannah McKayLONDON, July...
Exclusive: UN, Africa bank work to ease Russian grain, fertilizer exports -UN official
Agricultural workers operate combines and trucks in a field during wheat harvesting near the village of Solyanoye in the Omsk...
Australia’s Zip Co to divest businesses in Europe, South Africa
March 30 (Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co Ltd (ZIP.AX) said on Thursday it will divest its businesses...
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