Big US banks to pay billions to replenish failure fund
May 11 (Reuters) - Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that...
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Analysis: Sterling’s star may fade as focus shifts to squeeze on UK economy
Pound best performing G10 currency vs USD in 2023Headwinds ahead as rate hikes biteNo longer attractive in short-term -analystsLONDON, May...
IMF says US default would have ‘very serious repercussions’ on global economy
WASHINGTON, May 11 (Reuters) - The International Monetary Fund said on Thursday that a U.S. debt default prompted by failure...
Sterling trims drop after BoE hike, China’s data sends dollar higher
TOKYO, May 11 (Reuters) - Sterling trimmed declines after the Bank of England raised interest rates for the 12th consecutive...
Yellen warns US default would threaten global economy, undermine its leadership
US Secretary of the Treasury Janet Yellen talks with Chair of the Board of Governors of the US Federal Reserve...
Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
China's use of yuan to buy Russian commodities surges since Ukraine warSpeeds China's quest to internationalise yuan, but still long...
For Chinese buyers of Russian crude, middlemen ease the way
SINGAPORE, May 11 (Reuters) - For Chinese independent refiners who have been avid buyers of cheap Russian crude in the...
Bank of America opens Luxembourg branch in Europe funds push
LONDON, May 10 (Reuters) - Bank of America (BAC.N) has hired former BNP Paribas banker Benoit Nevouet to be the...
U.S. prosecutors look at short selling in bank shares – source
NEW YORK, May 10 (Reuters) - Federal prosecutors in Washington are looking into short seller activity around the recent volatility...
Embattled US Rep George Santos arrested on fraud, money laundering charges
NEW YORK, May 10 (Reuters) - U.S. Representative George Santos was arrested on Wednesday on federal charges of fraud, money...
