(Reuters) – New York Community Bancorp Inc said on Tuesday the Federal Deposit Insurance Corporation is selling the bank’s shares owned by the regulator following the Signature Bank deal. A unit of New York Community Bancorp in March entered an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank which…
By Milana Vinn NEW YORK (Reuters) -Ed Wehle, a senior Barclays Plc technology banker, has resigned to join U.S. rival Citigroup Inc in New York, according to an internal memo seen by Reuters, adding to an exodus of top investment bankers from the London-based bank. An investment banking veteran of nearly three decades, Wehle will…
(Reuters) -Shake Shack Inc on Tuesday added an independent director in agreement with Engaged Capital LLC, avoiding a potential proxy battle between the activist investor and the restaurant chain. This follows a Wall Street Journal report that said Engaged Capital, which according to Refinitiv data has a 4.36% stake, was planning to launch a proxy…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The speaker of Taiwan’s parliament praised Japan, South Korea and the Philippines on Tuesday for helping to create a “crescent of defense” with Taiwan and the U.S. against China’s ambitions in the Indo-Pacific region. Speaking in Washington, You Si-kun told the Hudson Institute think tank that…
By Ernest Scheyder (Reuters) -The U.S. Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas Corp’s Thacker Pass mine project in Nevada by finding nearly all of the site contains the metal used to make electric-vehicle batteries. The opinion from the department’s solicitor comes amid an acrimonious debate about whether…
By Alexandra Valencia QUITO (Reuters) -Ecuador’s National Assembly on Tuesday began an impeachment hearing against President Guillermo Lasso, who could be removed from his post, though the process increases the likelihood he will dissolve the legislature to avoid a final vote. Ninety-two votes from the 137-member assembly are needed to remove Lasso, who opposition politicians…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible default that could reverberate across asset markets and damage confidence in the world’s largest economy. The dollar index, a measure of the…
By Dietrich Knauth NEW YORK (Reuters) – Vice Media received court permission on Tuesday to borrow $5 million to fund its bankruptcy, saying it will use the money in part to pay freelancers and prepare the company for a sale. U.S. Bankruptcy Judge John Mastando at a hearing in Manhattan said he would allow Vice…
By Doyinsola Oladipo NEW YORK (Reuters) -The State of Texas and Marriott International Inc on Tuesday entered a voluntary agreement to prominently display all “resort fees” and to increase price transparency in its advertisements and booking process. Texas Attorney General Ken Paxton alleges that hotel companies are engaging in fraudulent and anti-competitive practices by misleading…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling negotiations in Washington dampened investor risk appetite. While all three major U.S. stock indexes ended down, the tech-heavy Nasdaq’s losses were held in check…
