Analysis: Traders bet ECB will be first big central bank to cut rates
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
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Analysis: Central banks’ big pause spurs bruised bond investors to double down
US, UK, Norway keep rates unchangedRate pause plus high yields entice bond investorsSlowdown bets back on the tableLONDON, Nov 2...
US House passes Republicans’ Israel-only aid bill, faces dead end in Senate
WASHINGTON, Nov 2 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican plan to provide $14.3 billion in aid to Israel and cut funding of the Internal Revenue Service, despite Democrats' insistence it has no future in the Senate and the White House's promise of a veto.The measure passed 226 to 196, largely along party lines, a shift from typical strongly bipartisan congressional support for providing aid to Israel. Twelve Democrats voted with 214 Republicans for the bill, and two Republicans joined 194 Democrats in objecting.The bill's...
India rupee to be supported by further pullback on US yields, dollar
A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in...
Dollar eases as traders bet Fed done with rate hikes
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3,...
Jury in FTX founder Sam Bankman-Fried’s fraud trial begins deliberations
NEW YORK, Nov 2 (Reuters) - The jury in Sam Bankman-Fried's fraud trial began deliberations on Thursday following a monthlong trial in which prosecutors accused the FTX cryptocurrency exchange founder of stealing billions of dollars of customer funds.Bankman-Fried is poised to learn his fate in Manhattan federal court nearly a year after FTX declared bankruptcy as its customers raced to withdraw their funds in a collapse that shocked cryptocurrency markets and obliterated the 31-year-old's fortune, once estimated by Forbes at $26 billion.Bankman-Fried has pleaded not guilty to two counts of...
Gilt yields tumble and pound rises after BoE keeps rates on hold
UK pound coins plunge into water in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Nov...
PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay
A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado...
Dollar slips as traders see US rates peaking
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado...
Exclusive: US FDIC is probing former First Republic Bank directors and officers
Nov 1 (Reuters) - The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank's former bosses."We can confirm a D&O probe into First Republic is taking place," a spokesperson told Reuters on Wednesday, referring to the bank's directors and officers. The regulator did not provide further details.The investigation, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the...