US regulators say banking system ‘sound and resilient’

US regulators say banking system ‘sound and resilient’

WASHINGTON, March 24 (Reuters) – The U.S. multi-regulatory Financial Stability Oversight Board agreed on Friday that the U.S. banking system remains “sound and resilient” despite strains on some institutions, the U.S. Treasury said in its latest statement. to calm nervous markets and bank depositors. In a reading from a closed-door meeting chaired by Treasury Secretary … Read more

Exclusive: Walmart lays off hundreds of American workers at five e-commerce fulfillment centers

Exclusive: Walmart lays off hundreds of American workers at five e-commerce fulfillment centers

NEW YORK, March 23 (Reuters) – Hundreds of workers at Walmart’s five U.S. facilities that process e-commerce orders are told to find jobs within 90 days at other company locations, a doorman confirmed. -talk to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … Read more

Citigroup CEO says ‘this is not a credit crisis’ after US bank failures

Citigroup CEO says ‘this is not a credit crisis’ after US bank failures

March 22 (Reuters) – Citigroup Inc (CN) CEO Jane Fraser expressed confidence in U.S. banks on Wednesday after a series of shutdowns rattled investors and fueled turmoil in global financial markets. “The banking system is pretty solid,” and the major regional banks are well capitalized, Fraser told the Economic Club of Washington DC on Wednesday. … Read more

First Republic shares fall 11% as Yellen says Treasury won’t insure all deposits

First Republic shares fall 11% as Yellen says Treasury won’t insure all deposits

NEW YORK, March 22 (Reuters) – As the beleaguered First Republic Bank (FRC.N) considers its options, Treasury Secretary Janet Yellen said on Wednesday there was no talk of insurance for all deposits, making a “bullish” scenario more difficult for the stock. First Republic, whose shares have lost much of their value since the start of … Read more

Japan’s Ohtani hits Trout to seal World Baseball Classic win

Japan’s Ohtani hits Trout to seal World Baseball Classic win

March 21 (Reuters) – Shohei Ohtani knocked out Mike Trout in a showdown between two of the game’s best players to seal Japan’s 3-2 victory over the United States in a thrilling World Baseball Classic final ( WBC) at LoanDepot Park in Miami on Tuesday. Baseball is the national pastime of the United States, but … Read more

Former Silicon Valley Bank owner FDIC braces for fight over $2 billion

Former Silicon Valley Bank owner FDIC braces for fight over  billion

March 21 (Reuters) – SVB Financial Group and the federal regulator that shuttered its Silicon Valley Bank unit said at a hearing in bankruptcy court on Tuesday that a fight looms over more $2 billion of the money from the former parent company that was seized with the lender. SVB Financial, which filed for bankruptcy … Read more

Exclusive: EU plans plan to allow e-fuel combustion engine cars

Exclusive: EU plans plan to allow e-fuel combustion engine cars

Brussels proposes an exception for electric fuel cars from 2035 Germany still considering draft EU proposal Berlin sees the state of technology as problematic Objective to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new cars with internal combustion engines … Read more

Hardline U.S. Republicans oppose bank deposit guarantees beyond $250,000 limit

Hardline U.S. Republicans oppose bank deposit guarantees beyond 0,000 limit

WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more

UK Prince Harry’s libel case against publisher ‘built on sand’, London court told

UK Prince Harry’s libel case against publisher ‘built on sand’, London court told

British prince sues newspaper over security case The newspaper defends the article as an “honest opinion” The court case is the latest legal battle for Harry, his wife Meghan LONDON, March 17 (Reuters) – Prince Harry’s libel claim over an article about his security arrangements is “built on sand”, lawyers for the Associated Newspapers publisher … Read more

US banking system strong, but not all deposits guaranteed, Yellen tells senators

US banking system strong, but not all deposits guaranteed, Yellen tells senators

WASHINGTON, March 16 (Reuters) – The U.S. banking system remains strong and Americans can be confident their deposits will be there when needed, Treasury Secretary Janet Yellen said on Thursday, although she denied that recent moves emergency following two major bank failures meant that a general government guarantee now existed for all deposits. In his … Read more