By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines[...]
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March 17, 2023
Charles Schwab a ‘safe port’ in banking storm as weekly inflows surge
(Reuters) -Financial broker Charles Schwab on Friday reported $16.5 billion in core net new assets for the week on strong inflows from clients moving funds amid several high-profile collapses that hav[...]
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Mexican finance minister says “satisfied” with Citibanamex sale
MERIDA, Mexico (Reuters) – Mexico’s government is “satisfied” with the sale process of Citigroup’s Mexican retail bank Citibanamex, Finance Minister Rogelio Ramirez de la[...]
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Bank of America said to buy Signature Bank, tweets Bill Ackman
(Reuters) – Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of information. “I am hearing that @BankofAmerica[...]
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U.S. poised to tighten reporting rules on $20 tln private fund sector
By Douglas Gillison (Reuters) – Wall Street’s top regulator is set to adopt new rules aimed at bolstering oversight of systemic risk in the burgeoning, multitrillion-dollar world of privat[...]
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Exclusive-Credit Suisse to hold internal talks this weekend on scenarios for bank -sources
By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) – Credit Suisse AG will hold meetings over the weekend to assess scenarios for the bank as it struggles to regain the market’s[...]
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US consumer sentiment deteriorates in March, inflation expectations retreat
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment fell for the first time in four months in March, but households expected inflation to subside over the next year and beyond, whic[...]
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Report on Americanas’ woes to be presented to Brazil court next week
By Rodrigo, Viga and Gaier RIO DE JANEIRO (Reuters) – A report detailing Brazilian retailer Americanas SA’s bankruptcy is being prepared by the trustee’s team of over 100 experts and[...]
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Credit Suisse shares tumble again, sentiment remains fragile
By Joice Alves and Alexandra Hudson LONDON/ZURICH (Reuters) – Shares in Credit Suisse resumed their decline on Friday as investor sentiment remained fragile following a $54 billion lifeline the[...]
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