By David Randall NEW YORK (Reuters) – Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve’s tightening will ripple through the economy. Banking sector concerns drove sharp moves in financial stocks in the…
By Pete Schroeder and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street. Bankers want faster, more aggressive action to shore up the industry, while the Biden White House and regulators argue they’ve done what…
(Adds reporting credit, no change to text) MILAN (Reuters) -Italy’s Treasury is set to hand veteran banker Luigi Lovaglio a new mandate as chief executive of state-owned lender Monte dei Paschi di Siena, two people with knowledge of the matter said. Lovaglio, who built his career at UniCredit where he eventually rose to lead the…
WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said. Moody’s has downgraded the long-term issuer ratings of the bank’s mortgage unit mBank Hipoteczny and changed the outlook…
SHANGHAI (Reuters) – Apple CEO Tim Cook on Saturday used his first public remarks on his visit to China to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local media reports. Apple CEO Tim Cook on Saturday used his first public remarks in China in…
