By Takahiko Wada and Leika Kihara TOKYO (Reuters) – A surge in deposits caused by the government’s huge cash payouts is straining some Japanese lenders, complicating the central bank’s efforts to mitigate the side-effects of its negative interest rate policy. Industry leader MUFG Bank was charged negative rates last month on deposits parked with the…
WASHINGTON (AP) — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.6 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016 hack of a virtual currency exchange. Federal law enforcement officials said the recovered sum was…
By Byron Kaye and Nikhil Nainan (Reuters) -Commonwealth Bank of Australia posted a forecast-beating surge in first-half profit and said it would buy back $1.4 billion of stock as a home loan boom offset thinner margins. Its shares soared 6%. The country’s biggest lender outpaced rivals in attracting home buyers, benefiting from its sheer volume…
By Isla Binnie and David French (Reuters) – Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. “I cover Big…
By Sam Nussey TOKYO (Reuters) – Alibaba’s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday. “The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied…
By Kevin Buckland TOKYO (Reuters) – The dollar touched a one-month high versus the yen on Wednesday, boosted by a climb in Treasury yields to multi-year peaks overnight as traders wait on U.S. inflation data this week for clues on the pace of Federal Reserve policy tightening. The euro continued to retreat from near a…
By Elizabeth Culliford (Reuters) – Facebook parent Meta Platforms said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint complaint between Meta and a…
WASHINGTON (Reuters) -High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary Daly said on Tuesday. “We could have it be worse before it gets better but it is definitely going to get better,” Daly told…
By Adriana Barrera MEXICO CITY (Reuters) – The top U.S. business lobby in Mexico on Tuesday raised concerns about a bill that would strengthen state control of the power market at the expense of private capital, saying it would make it tougher for American companies to meet climate pledges. Mexican President Andres Manuel Lopez Obrador…
By John O’Donnell and Huw Jones FRANKFURT/LONDON (Reuters) – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The stand-off between Russia and Ukraine has rattled Europe’s…