By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through empl[...]
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May 11, 2023
Insulin makers testify on Capitol Hill over prices
By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testif[...]
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China says willing to work with U.S. on audit deal as challenges loom
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on aud[...]
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Twitter’s verified users get early access to encrypted messaging
(Reuters) – Twitter Inc on Thursday allowed users who subscribe to its Blue verification feature an early access to its encrypted messaging service. The social media platform, owned and run by T[...]
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Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) -Billionaire investor Carl Icahn came under pressure again on Thursday as short seller Hindenburg Research began shorting bonds in Icahn Enterprises LP (IEP) and said Icahn’s firm has[...]
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BlockFi gets court permission to return $297 million to Wallet customers
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender BlockFi received court permission on Thursday to return $297 million to customers with non-interest-bearing accounts, without repay[...]
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Turkish Airlines set to order 600 aircraft, chairman says
ISTANBUL (Reuters) – Turkish Airlines (THY) will order a total of 600 new aircraft in June and they will be delivered within ten years, company chairman Ahmet Bolat said on Thursday. Such an ord[...]
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Elon Musk’s bid to end tweet pre-approval faces skeptical court
By Jody Godoy (Reuters) – A federal appeals court on Thursday questioned Elon Musk’s bid to end an agreement that he made to get a Tesla Inc lawyer’s preapproval of some of his tweet[...]
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Deposit outflows after SVB collapse concentrated among ‘super-regionals’ – New York Fed study
By Howard Schneider WASHINGTON (Reuters) – Deposit withdrawals from U.S. banks following the collapse of Silicon Valley Bank were concentrated in around 30 “super-regional” instituti[...]
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