Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more

IDB directors unanimously recommend firing of Claver-Carone after ethics probe

Visitors walk past a display bearing the Banco Interamericano de Desarrollo (BID) logo at the Atlapa convention center in Panama City March 13, 2013. REUTERS/Carlos Jasso Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

U.S. lawmakers pile pressure on big banks over China ties, Taiwan

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – Top U.S. bankers on Wednesday came under pressure from lawmakers to take a tougher stance on trade relations with China amid growing tensions between Washington and Beijing over Taiwan sovereignty. and China’s human rights record. In a hearing before the U.S. … Read more

Mexican used-car startup Kavak lands $810 mln in debt financing

Join now for FREE unlimited access to Reuters.com Register MEXICO CITY, Sept 20 (Reuters) – Mexican used-car platform Kavak said on Tuesday it had secured $675 million in funding from HSBC (HSBA.L) to support the company’s car loan offerings, s adding to other recently agreed lines of credit with Goldman Sachs and Santander totaling $135 … Read more

U.S. bank regulator warns of crisis risk from fintech proliferation

Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risks and potentially a long-term crisis, Michael Hsu, acting comptroller of the currency, a major banking regulator, … Read more

Credit Suisse sells trust business, seeking break with past

A logo is pictured on Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Join now for FREE unlimited access to Reuters.com Register ZURICH, Sept 6 (Reuters) – Credit Suisse Group (CSGN.S) is selling its global fiduciary business, an offshore arm for high-net-worth clients, as it begins an overhaul of its business … Read more

Credit Suisse looking at cutting around 5,000 jobs -source

A logo is pictured on Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse Join now for FREE unlimited access to Reuters.com Register ZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) plans to cut around 5,000 jobs, or about one in 10 positions, as part of a cost-cutting campaign by Switzerland’s second-biggest bank … Read more

Shares choppy, U.S. yields fall as investors digest Fed minutes

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying the Shanghai Composite Index, Nikkei Index and Dow Jones Industrial Average in front of a house of brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead

Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have in recent days begun offering to ease Russian debt deals, according to bank documents seen by Reuters, giving investors another chance to shed debt. assets widely regarded in the West as toxic. . Most U.S. and European banks pulled out of the market … Read more

Former Deutsche Bank co-CEO Anshu Jain dies

Former Deutsche Bank co-CEO Anshu Jain dies

Deutsche Bank co-CEO Anshu Jain addresses the bank’s annual general meeting in Frankfurt, Germany May 21, 2015. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register Aug 13 (Reuters) – Anshu Jain, a senior finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on Wall Street’s biggest firms, died … Read more