(Reuters) -Toronto-Dominion Bank’s handling of “suspicious” customer transactions was behind regulators’ refusal to approve the lender’s $13.4 billion deal to buy First Horizon, the Wall Street Journal reported on Monday, citing people familiar with the matter. The reluctance by the Office of the Comptroller of the Currency and the Federal Reserve to give TD a…
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber, was valued at over $8 billion when…
By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the…
(Reuters) -Shares of PacWest Bancorp jumped 24% on Monday and led a recovery in the battered U.S. banking sector after the lender sharply cut its quarterly dividend to shore up its finances. On Friday, Los Angeles-based PacWest said it would pay a dividend of 1 cent per common share, compared with its regular payout of…
PARIS (Reuters) – Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday. The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named. Boeing and Ryanair declined to comment….
By Gabriella Borter and Maria Caspani (Reuters) – Texas police on Sunday were investigating what motivated a 33-year-old gunman to kill at least eight people at a mall over the weekend, as President Joe Biden called for stricter gun laws. The Texas Department of Public Safety on Sunday confirmed the identity of the assailant in…
By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn – when retailers like Walmart should be well into holiday season preparations. The Global Port…
(Reuters) – U.S. households still have some $500 billion in excess savings compared to before the COVID-19 pandemic that could support consumer spending late into this year, according to research published on Monday by the San Francisco Federal Reserve. “Households on average, including those at the lower end of the distribution, continue to have considerably…
By Helen Coster (Reuters) – Former Fox News producer Abby Grossberg has dismissed one lawsuit accusing the cable network, parent company Fox Corp and Fox News lawyers of defamation and pressuring her to make false statements in the now-settled Dominion Voting Systems case, a court filing on Friday showed. The Delaware lawsuit was dismissed “without…
By Ariba Shahid KARACHI, Pakistan (Reuters) – China and Pakistan on Monday urged donors to bridge gaps in humanitarian funding for Afghanistan, saying aid should be delinked from “political considerations”. Aid to Afghanistan will drop sharply this year as donor countries seek to challenge curbs on female aid workers imposed by the Taliban administration and try to…
