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NEW YORK, June 28 (Reuters) - Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply.Bank of America Corp (BAC.N) and Jefferies Financial Group were among the earliest U.S. banks to comply with the rules - but many others have not yet met the standards and are rushing to catch up, they said.Failure to do so could mean losing...

LONDON, June 28 (Reuters) - UK law can accommodate crypto assets by creating a new category of personal property that would include digital assets, independent body the Law Commission said on Wednesday.In a report commissioned by the government, the Law Commission said digital assets such as cryptocurrencies and non-fungible tokens (NFTs) do not fit within the traditional categories of personal property.As expected, the Commission proposed adding a third category of "digital objects" to the existing categories of personal property, which are "things in possession" (tangible assets like gold) and "things...

LONDON, June 27 (Reuters) - The real estate sector poses only a moderate systemic risk to most European banks, as they have only modest exposure to it in their loan books, although Sweden and Germany are outliers, S&P Global Ratings said in a report on Tuesday.In its 3Q23 credit conditions report, the ratings agency said the outlook for parts of the property market was poor, given that financing conditions in Europe are expected to keep tightening as central banks raise rates to tackle inflation."The outlook for key segments within European...