AMERICAS Bonds calm down but Chinese markets smolder

AMERICAS Bonds calm down but Chinese markets smolder

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 A look at the day ahead in U.S. and global markets from Mike Dolan Restive bonds showed signs of calm on Wednesday, but … 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

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

Japan’s struggling Rakuten to combine credit card and mobile payments business

Japan’s struggling Rakuten to combine credit card and mobile payments business

The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey TOKYO, Aug 10 (Reuters) – Japan’s Rakuten Group (4755.T) will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to … Read more

US Fed clarifies process for banks to transact in stablecoins

US Fed clarifies process for banks to transact in stablecoins

The U.S. Federal Reserve building in Washington, D.C./File Photo Aug 8 (Reuters) – State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a … Read more

Gabon sees Africa’s first ‘debt-for-nature’ swap over the line

Gabon sees Africa’s first ‘debt-for-nature’ swap over the line

A view shows an ecoguard walking on a path in the Arboretum Raponda Walker during a press visit of this protected forest aera on the eve of the opening of the One Forest Summit in Libreville, Gabon, February 28, 2023. REUTERS/Elizabeth Pineau/File Photo JOHANNESBURG, Aug 8 (Reuters) – Gabon moved forward with Africa’s first debt-for-nature … 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

Texas judge partially blocks small business loan rule

Texas judge partially blocks small business loan rule

July 31 (Reuters) – A Texas judge on Monday ruled that many lenders need not comply with a Consumer Financial Protection Bureau (CFPB) mandate to gather demographic data on small business borrowers while the U.S. Supreme Court weighs the agency’s funding. The Texas Bankers Association (TBA), American Bankers Association (ABA) and a small Texas bank … Read more

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips (.DJI) on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying … Read more