By Niket Nishant and Saeed Azhar (Reuters) -JPMorgan Chase & Co, the biggest lender in the United States, said on Friday it set aside $1.4 billion in anticipation of a mild recession, even as it b[...]
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January 13, 2023
U.S. to lend ioneer $700 million for Nevada lithium mine
By Ernest Scheyder and David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will lend ioneer Ltd up to $700 million to build its Rhyolite Ridge lithium mining project in[...]
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Peltz’s Trian Fund says it will not pursue takeover bid for Wendy’s
(Reuters) -Trian Fund Management, run by activist investor Nelson Peltz, said on Friday it will not pursue a takeover of Wendy’s Co, months after the company’s largest shareholder said it[...]
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Exclusive-Nissan to consider Renault proposal on IP safeguards-sources
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – A committee of Nissan’s board is set to meet next week to consider proposals from Renault to address a sticking po[...]
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Crypto investor Justin Sun says willing to spend up to $1 billion on DCG assets
By Elizabeth Howcroft LONDON (Reuters) – Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own funds on buying assets belonging to Digital Currency Group (DCG), the pa[...]
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Citigroup misses profit estimates on provision hike, dealmaking slowdown
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing forecasts, as the bank increased provisions to prepare for a worsening ec[...]
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U.S. SEC awards $5 million to tipster
(Reuters) – The top U.S. markets regulator on Friday announced a $5 million award to a whistleblower whose tip-off it said had resulted in a successful enforcement action. The whistleblower not[...]
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White House says it will not negotiate over the debt ceiling
WASHINGTON (Reuters) – The White House said on Friday it will not negotiate over the debt ceiling and there are no discussions underway about eliminating it. White House spokesperson Karine Jean[...]
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JPMorgan ‘open for business’ in leveraged loans as rivals get stuck with losses
By Matt Tracy (Reuters) – JPMorgan Chief Financial Officer Jeremy Barnum told investors the bank is “absolutely open for business” in leveraged lending even as other U.S. banks are e[...]
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