Exclusive: UK rips up state guarantees on nearly 1 billion pounds of COVID loans
LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank...
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Gold little changed with focus on Middle East conflict, US economic data
US Q3 GDP data due on Thursday, PCE price index on Friday$2000 still on the cards if MidEast tensions escalate-analystPlatinum down more than 1%Oct 24 (Reuters) - Gold held nearly steady on Tuesday after hitting a five-month high last week, while traders kept one eye on U.S. economic data and another on tensions in the Middle East.Spot gold ticked 0.1% higher at $1,975.39 per ounce by 12:42 p.m. ET (1742 GMT) after falling as much as 1% earlier in the session. U.S. gold futures settled 0.1% lower at $1,986.1."We saw...
Gold rally cools as traders eye MidEast developments, US data
Markets await US PCE price index, Q3 GDP data this weekPalladium up 3%Oct 23 (Reuters) - Safe-haven gold eased on Monday, hitting pause after jumping to within striking distance of the key $2,000 level in the last session, as traders positioned for further developments on the Middle East conflict and U.S. economic data.Spot gold fell 0.3% to $1,976.19 per ounce by 1:41 p.m. ET (1741 GMT). U.S. gold futures settled 0.3% lower at $1,987.80.Reuters Graphics"Safe-haven demand will continue to drive gold higher after a slight period of consolidation. We believe...
Global equity funds see fifth consecutive weekly outflow amid rising bond yields
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 20 (Reuters)...
Fed developing extra ‘stress test’ scenarios to test for bank weaknesses: official
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on the response to the on recent bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, U.S., March 29, 2023. REUTERS/Kevin Lamarque/ Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - The U.S. Federal Reserve is developing additional scenarios to probe for weaknesses in large banks as part of its 2024 stress test, its top regulatory official said Thursday.Fed Vice Chair for Supervision Michael Barr said the additional scenarios, which...
EU watchdog piles pressure on banks to better quantify climate risks
LONDON, Oct 12 (Reuters) - Banks may not be fully reflecting risks from climate change in their capital buffers and...
IMF says ‘weak tail’ of banks could struggle in an economic downturn
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsWASHINGTON, Oct 10 (Reuters) - Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the sector in recent months, the International Monetary Fund (IMF) said on Tuesday.A further 30% of banks - including some of the world's largest - would be vulnerable if the global economy enters a period of low growth...
UBS, Credit Suisse face wider US probe over Russia sanctions -Bloomberg News
Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023....
US Senate looks at cannabis banking reform, but industry says it’s not enough
Marijuana plants for the adult recreational market sit on the back of a tractor for planting at Hepworth Farms in...
World Bank chief sees $100 bln-plus lending boost from country contributions
Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth...
