BankingMajor US banks inject $30 bln to rescue First Republic BankMarch 16, 2023174March 16 (Reuters) - Large U.S. banks injected $30 billion into First Republic Bank (FRC.N) on Thursday, swooping in to...
BankingTop US Senate Democrat Schumer wants legislative response to banking illsMarch 15, 202349WASHINGTON, March 15 (Reuters) - The U.S. Congress needs to act on bipartisan legislation strengthening banking industry controls, Senate Majority...
BankingAmid bank strains, Democrats and Republicans spar over U.S. budgetMarch 15, 202358WASHINGTON, March 15 (Reuters) - The U.S. Senate Budget Committee debated Democratic President Joe Biden's $6.8 trillion budget proposal on...
Stock MarketCredit Suisse leads Europe bank stock rout after short-lived SVB respiteMarch 15, 202341March 15 (Reuters) - Europe's bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a...
CurrenciesDollar edges up as U.S. inflation data poses quandary for FedMarch 14, 202349NEW YORK, March 14 (Reuters) - The dollar edged higher on Tuesday as traders set aside a fairly strong reading...
BankingUK pay growth slows as Bank of England mulls rates pauseMarch 14, 202349Basic pay growth slows for first time in a yearBoE watching labour market inflation pressureInvestors see 40% chance of rate...
InvestingVolkswagen to invest $193 bln over 5 years to hit EV targetMarch 14, 202369VW investing up to 15 bln euros in batteries, raw materialsTwo-thirds of 5-yr budget for electrification, digitalisationSoftware unit Cariad saw...
BankingFirst Republic shares dive on contagion fear, dragging U.S. regional banksMarch 13, 202344March 13 (Reuters) - Shares of U.S. regional banks slumped on Monday, led by sharp losses in First Republic Bank...
FundsU.S. Federal Home Loan Banks continue to see ‘heightened demand’March 13, 202356March 13 (Reuters) - U.S. Federal Home Loan Banks are still seeing higher-than-usual demand for funds from banks and others...
CurrenciesDollar slides as Fed rate hike expectations slump on SVB collapseMarch 13, 202349NEW YORK/LONDON, March 13 (Reuters) - The dollar fell on Monday as markets bet the Federal Reserve will be less...