Exclusive-ECB Tells Banks To Watch All Russian Clients In Widening Of Sanctions Net -sources

Exclusive-ECB Tells Banks To Watch All Russian Clients In Widening Of Sanctions Net -sources

By Francesco Canepa and Jesús Aguado FRANKFURT/MADRID (Reuters) – European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions against Moscow, three sources told Reuters. The instructions from European Central Bank (ECB) supervisors mean tens…

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Explainer-Raskin's Withdrawal From Fed Nomination Spells More Delays For Rule Changes

Explainer-Raskin’s Withdrawal From Fed Nomination Spells More Delays For Rule Changes

By Pete Schroeder WASHINGTON (Reuters) – Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo since Randal Quarles stepped down as vice chair for supervision in October. A Fed controlled by Democrats will pursue the same broad agenda regardless…

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China tries to calm markets by pledging support for economy

BEIJING (AP) — China’s government tried Wednesday to reassure jittery investors by promising support for real estate and technology companies after regulatory crackdowns caused stock prices to plunge. Regulators should issue market-friendly policies to “invigorate the economy,” officials said at a Cabinet meeting led by Vice Premier Liu He, President Xi Jinping’s top economic adviser,…

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