Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in … Read more

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

Project Veritas loses jury verdict to Democratic consulting firm

Political activist James O’Keefe, currently CEO of Project Veritas, speaks during the annual meeting of the Conservative Political Action Conference (CPAC) in National Harbor near Washington, United States, March 1, 2019. REUTERS/Yuri Gripas/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register September 23 (Reuters) – A federal jury has found Project Veritas, … 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

Cryptoverse: After Merge, ether heads for a $20 billion Shanghai splurge

Souvenir tokens representing the Bitcoin, Ethereum, Dogecoin and Ripple cryptocurrency networks dive into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Merger has come, seen and conquered. Not that you would guess from crypto prices. The mega-upgrade to the … Read more

Cryptoverse: Ether snaps at bitcoin’s heels in race for crypto crown

Souvenir tokens representing the Bitcoin cryptocurrency and the Ethereum network, with its native token Ether, dip in water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Sep 13 (Reuters) – For years, ether could hardly dream of challenging its big brother bitcoin. Now his ambitions … 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