LONDON/NEW YORK (Reuters) – U.S. banking stocks turned higher on Friday, shaking off tumbles in European giants Deutsche Bank and UBS amid worries there that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis. The S&P 500 Banks Index pared morning losses to briefly …
Instant View- U.S. banks bounce back from early global bank selloff Read More »
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector a “Wild West” riddled with fraud, …
Analysis-Coinbase, SEC on collision course for ‘existential’ clash over crypto industry Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts. They are adding fees for faster service, raising minimum …
Amazon, other retailers revamp ‘free’ shipping as costs soar Read More »
(Reuters) -Carl Icahn on Friday came down heavily on Illumina Inc, saying its directors demanded extra personal liability insurance against any potential claims related to the acquisition of Grail in 2021 before agreeing to signing off on the deal. In response to Icahn’s claims, Illumina said insurance agreements with its directors were standard and it …
Icahn claims Illumina directors asked for insurance for Grail deal approval Read More »
By Benoit Van Overstraeten and Elizabeth Pineau PARIS (Reuters) -Britain’s King Charles on Friday cancelled a state visit to France next week after social unrest over President Emmanuel Macron’s new pension law erupted into some of the worst street violence seen in years across the country. The postponement – at Macron’s request – will be …
Violent protests in France force postponement of King Charles’ visit Read More »
By Hannah Ellison LONDON (Reuters) – Artist duo Gilbert & George are bringing their vision of the world to a dedicated new exhibition venue in east London, with much of the programme shown for free in line with their “art for all” ethos. The Gilbert & George Centre, in the city’s Spitalfields area, is less …
Gilbert & George to open London art centre with after-life exhibition Read More »
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday dismissed a former Barclays Plc trader’s whistleblower lawsuit accusing the British bank of firing him after he complained it ignored basic risk management and violated its own policies for detecting rogue trading. U.S. District Judge Paul Oetken in Manhattan said Brian La Belle, who …
US judge dismisses ex-Barclays trader’s whistleblower lawsuit Read More »
MILAN (Reuters) -Italy’s top flight soccer club Juventus said on Friday its net loss shrank to 29.5 million euros ($31.7 million) in the first half of its 2022-23 fiscal year as the negative effects of the COVID-19 pandemic faded. The result compares with a restated loss of 112.1 million euros for the same period of …
Juventus says first half loss shrinks as pandemic impact fades Read More »
LONDON (Reuters) – Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS. Under the deal, holders of Credit Suisse AT1 …
Explainer-Why markets are in uproar over a risky bank bond known as AT1 Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -London stocks fell more than 1% on Friday, with financials stocks extending declines at the end of yet another turbulent week for markets as concerns regarding the condition of the global financial system lingered. Global sentiment was fragile after shares of German behemoth Deutsche Bank took a …
London stocks fall more than 1% as banking crisis fears linger Read More »
