Argentina markets buckle up for reopening after Milei election triumph

Argentina markets buckle up for reopening after Milei election triumph

Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON, Nov 21 (Reuters) – Investors were buckling up on Tuesday as Argentina’s local markets prepared to reopen after the weekend’s presidential election win of radical libertarian outsider Javier Milei. Argentina’s … Read more

Exclusive: US FDIC is probing former First Republic Bank directors and officers

Exclusive: US FDIC is probing former First Republic Bank directors and officers

Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more

Profits of US mid-sized banks likely to be squeezed by higher funding costs

Profits of US mid-sized banks likely to be squeezed by higher funding costs

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 19 (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, … Read more

Conservatives hope Supreme Court defangs US consumer watchdog

Conservatives hope Supreme Court defangs US consumer watchdog

The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights WASHINGTON, Sept 12 (Reuters) – The U.S. Consumer Financial Protection Bureau is currently pursuing … Read more

S&P downgrades multiple US banks on growing liquidity worries

S&P downgrades multiple US banks on growing liquidity worries

The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018/File Photo Acquire Licensing Rights Aug 22 (Reuters) – S&P Global followed Moody’s in cutting its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the … Read more

US bank stocks fall on prospect of tougher oversight, more downgrades

US bank stocks fall on prospect of tougher oversight, more downgrades

A person waits on the Wall Street subway platform in the Financial District of Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Aug 15 (Reuters) – Shares of U.S. banks dropped on Tuesday as the prospect of tighter regulations and a possible downgrade of several lenders by Fitch Ratings … Read more

Wall St falls as retail sales data fans rate fears, big banks drop

Wall St falls as retail sales data fans rate fears, big banks drop

[1/2]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights July retail sales rise more than expected Nvidia gains as UBS, Wells Fargo raise PT U.S. big banks fall as a report warns of downgrades Indexes down: Dow 0.73%, … Read more

Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights Italy’s 40% one-off tax hit bank shares Moody’s downgrades 10 U.S. lenders, flags real estate exposure Regional bank stocks lower Aug 8 (Reuters) … Read more