By Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury is continuing to monitor the health of mid-sized and regional banks and is considering what steps can be taken to further strengthen the countr[...]
Read more
March 21, 2023
US drops appeal of UnitedHealth acquisition of Change Healthcare
WASHINGTON (Reuters) – The U.S. Justice Department has dismissed its own appeal challenging UnitedHealth Group’s nearly $8 billion acquisition last year of Change Healthcare, a court filin[...]
Read more
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal – FT
(Reuters) – UBS is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, the Fin[...]
Read more
Goldman Sachs exec: Smaller banks must prepare for stricter regulations -Handelsblatt
FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulatio[...]
Read more
Dollar holds its breath as market awaits Fed policy decision
By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from[...]
Read more
What happens when your AI chatbot stops loving you back?
(This story was updated on March 21, 2023 with comment from Character.ai.) By Anna Tong SAN FRANCISCO (Reuters) – After temporarily closing his leathermaking business during the pandemic, Travis[...]
Read more
One-third of Americans would consider EV purchase -Reuters/Ipsos poll
By David Shepardson WASHINGTON (Reuters) – Just over one-third of Americans would consider buying an electric vehicle for their next model, a new Reuters/Ipsos poll found. The seven-day poll com[...]
Read more
Switzerland curbs bonus payouts at Credit Suisse
By Tom Sims, Noele Illien and Stefania Spezzati ZURICH (Reuters) -Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion[...]
Read more
Some Credit Suisse AT1 bondholders seek legal advice -law firm
By Laura Matthews (Reuters) – Some holders of Credit Suisse Group AG’s so-called additional tier 1 (AT1) bonds have approached a law firm to assess whether they have a case against the Swi[...]
Read more