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Currencies

US says some crypto firms not doing enough to stop illicit finance

U.S. Deputy Treasury Secretary Wally Adeyemo speaks at the Royal United Services Institute in London, Britain, October 27, 2023. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance - a subject which has come under renewed scrutiny following the deadly attacks in Israel by Palestinian militant group Hamas.U.S. Deputy Treasury Secretary Wally Adeyemo, speaking at an event in London, said the "vast majority" of financial...
Stock Market

Stocks, Treasury yields retreat amid mixed earnings, economic data

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights10-yr Treasury yields pull back from 5%U.S., European and Asian stocks all fallECB hold rates as expected, but euro little affectedDollar climbs above 150 yen, dollar index ticks upOil slips, gold near five-month highOct 26 (Reuters) - Shares around the world fell and U.S. Treasury yields retreated on Thursday as investors digested mixed U.S. economic and corporate signals.The U.S. economy grew faster than expected in...
Finance

Canaccord Genuity eyes Close Brothers wealth business in UK push – sources

LONDON, Oct 26 (Reuters) - Canaccord Genuity (CF.TO) has explored a potential acquisition of Close Brothers Group's (CBRO.L) wealth management operations, two people familiar with the matter told Reuters, a move that would increase the Canadian group's presence in the UK.Canaccord, which offers investment banking and wealth management services, was among the final bidders in an auction process run by Goldman Sachs (GS.N), one of the people, who spoke on condition of anonymity, said.Reuters could not establish whether Canaccord's interest in the business, known as Close Brothers Asset Management, is...
Funds

‘Positions not matching yet’ as EU states fight for slice of budget pie

Members of the European Council speak as they attend the European Union leaders summit, in Brussels, Belgium October 26, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Oct 26 (Reuters) - From supporting Ukraine to boosting military might and managing migration, European Union leaders channelled diverging priorities on Thursday as they started debating where to put more money from their shared budget in the next four years.The EU is due to decide in December on a revision of its 2021-27 budget worth 1.1 trillion euros ($1.2 trln), which is already strained by...
Banking

US Fed proposes shrinking fees banks charge on debit card transactions

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...
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