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Banking

US banking regulators extend feedback window for contentious capital proposal

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad proposal to raise bank capital requirements that is already facing fierce industry pushback.The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency said the comment window for the so-called "Basel...
Economy

Banks call for clarity on Britain’s investment path to net-zero economy

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsUK Finance issues series of policy recommendationsFirst major position paper on net-zero transitionSays UK needs a stable policy environmentLONDON, Oct 20 (Reuters) - Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, banking industry body UK Finance said.In its first major position paper on...
Banking

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...
Investing

Spain government upbeat about auto sector investment after Euro 7 deal

Spain's new Minister of Industry Hector Gomez Hernandez walks outside Moncloa Palace in Madrid, Spain, March 28, 2023. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsMADRID, Oct 19 (Reuters) - Spain is optimistic about the prospects of attracting new investment into its automotive sector following the so-called Euro 7 agreement, which watered down proposed rules on pollutant emissions rules for new cars in Europe, Trade Minister Hector Gomez told Reuters on Thursday.EU ministers last month approved the rules under Spain's rotating presidency of the European Council, a position which Gomez said was...
Banking

Exclusive: Hitachi set to win EU okay for $1.8 bln Thales deal, sources say

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - Hitachi (6501.T) is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' (TCFP.PA) GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last...
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