By Jonathan Stempel (Reuters) – A federal appeals court on Wednesday upheld a $5.6 billion antitrust class-action settlement with more than 12 million retailers that accused Visa Inc and MasterC[...]
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March 15, 2023
FDIC returned $40 billion in U.S. Treasury funds, reversing withdrawal after SVB takeover
WASHINGTON (Reuters) – The Federal Deposit Insurance Corp deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regula[...]
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Global sell-off resumes after Credit Suisse renews worries; gold rallies
By Chris Prentice and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – Renewed unease gripped world markets on Wednesday as news that Credit Suisse’s largest investor said it could not provide[...]
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Credit Suisse fears hit Toronto’s main stock index
TORONTO (Reuters) – Canada’s main stock index fell 1.6% on Wednesday, dragged down by energy and financial stocks as Credit Suisse spooked world markets, renewing concerns of a banking cri[...]
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LatAm has ‘resilient’ financial system, IDB president says after SVB collapse
PANAMA CITY (Reuters) -Latin America has a “very resilient and well-managed” financial system, Inter-American Development Bank President Ilan Goldfajn said on Wednesday, following the coll[...]
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Top US Senate Democrat Schumer wants legislative response to banking ills
By Moira Warburton WASHINGTON (Reuters) -The U.S. Congress needs to act on bipartisan legislation strengthening banking industry controls, Senate Majority Leader Chuck Schumer said on Wednesday, amid[...]
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Robinhood COO Howard to retire at year-end
(Reuters) -Online brokerage Robinhood Markets Inc said on Wednesday its Chief Operating Officer Gretchen Howard will retire at the end of 2023. Beginning April 3, Howard will take on the role of speci[...]
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After strategic 787 wins, Boeing jet battle shifts to factory floor
By Valerie Insinna and Tim Hepher (Reuters) – A major purchase by Saudi Arabia caps sales of almost 200 Dreamliners over the past four months, handing Boeing Co major industrial and political wi[...]
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Swiss regulators rush to assuage fears over Credit Suisse
By Noele Illien, Francesco Canepa and Lucy Raitano (Reuters) – Swiss regulators said Credit Suisse can access liquidity from the central bank if needed, racing to assuage fears around the lender[...]
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