OTTAWA, March 24 (Reuters) – President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits over $250,000 if other US banks fail, expressing confidence that medium-sized US banks would ease industry tensions. to survive. Biden said U.S. banks are in “quite” good shape, people’s savings were safe and he didn’t … Read more
March 24 (Reuters) – Rivian Automotive Inc (RIVN.O) is moving parts of its manufacturing engineering team to Illinois to speed up production, the Wall Street Journal reported on Friday, citing a person familiar with the matter. The reorganization, which is expected to be announced soon, would mean those working on manufacturing engineering would be asked … Read more
The KBW Regional Bank index is recovering US-listed shares of Deutsche Bank slide Actvision surges as regulators drop concerns over Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – US stocks closed higher on Friday, marking the end of a tumultuous week in which Federal Reserve officials calmed … Read more
WASHINGTON, March 24 (Reuters) – The multi-regulator US Financial Stability Oversight Council agreed on Friday that the US banking system remains “sound and resilient” despite pressure on some institutions, the US Treasury Department said in its latest statement to calm jittery markets and bank depositors. Speaking to a private meeting chaired by Treasury Secretary Janet … Read more
WASHINGTON, March 23 (Reuters) – For the fourth time in a week, US Treasury Secretary Janet Yellen took to the microphone on Thursday to reassure Americans that the US banking system is safe, each time with a subtle shift in the message. But bankers and Wall Street never heard what they desperately wanted: for the … Read more
March 23 (Reuters) – The Bank of England followed the Federal Reserve and Swiss National Bank in raising interest rates on Thursday as policymakers continued their battle against inflation in the face of the instability that rippled through the global banking system this month . Investors had wondered whether central banks could continue tightening policies … Read more
23 March (Reuters) – A look at the day ahead in Asian markets by Jamie McGeever. The Asian open on Thursday may depend on which of the conflicting narratives brought to the fore by late US trading on Wednesday investors choose to get involved: the Fed’s ‘easing walk’ or Treasury Secretary Janet Yellen’s comments about … Read more
WASHINGTON, March 22 (Reuters) – US nominee to lead the World Bank, former CEO of Mastercard (MA.N), Ajay Banga, returns to his native India on Thursday, capping a three-week global tour to collect aid and discuss development and climate needs with donor and borrower countries. The finance ministry said Banga will visit New Delhi on … Read more
ZURICH, March 22 (Reuters) – The fall of Credit Suisse (CSGN.S) has seriously damaged Switzerland’s credibility as the world’s leading wealth management center, experts warn, damaging Switzerland’s reputation for stability, regulation and corporate governance is questioned. Plagued by years of scandals and losses, Credit Suisse had been battling a crisis of confidence for months before … Read more
OTTAWA, March 22 (Reuters) – Canada’s population will increase by more than a million people by 2022 for the first time in history, almost entirely due to an increase in immigrants and transient residents, Statistics Canada said on Wednesday. The total population grew by a record 1.05 million people to 39.57 million in the 12 … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PFJO2TNGRNMGJJRDN35P6MOBMI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/67S6KZPNQRP73NUVXMS77OOKII.jpg?ssl=1)