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,...
Nov 13 (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase (JPM.N) and Bank of America (BAC.N), began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the...
Portugal's Prime Minister and Socialist Party (PS) Secretary General Antonio Costa looks on after winning the general election in Lisbon, Portugal, January 31, 2022. REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsLISBON, Nov 11 (Reuters) - Portugal's premier Antonio Costa, who resigned this week, told foreign investors on Saturday the country was open for business and wanted to remain attractive despite an ongoing corruption probe into "green" energy projects.Costa stepped down on Tuesday over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects, as well as a...
A view shows residential buildings heavily damaged by permanent Russian military strikes in the front line town of Avdiivka, amid Russia's attack on Ukraine, in Donetsk region, Ukraine November 8, 2023. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via REUTERS/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine is meeting resistance from EU countries and may not survive in its current form, diplomats say.Josep Borrell, the EU's foreign policy chief, proposed in July that...