(Reuters) – The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale to JPMorgan Chase & Co, Bloomberg News reported on Friday, citing people familiar with the matter. The SEC is looking into whether any members of the then-executive team of First Republic improperly…
By Alexandra Valencia QUITO (Reuters) – The oversight committee of Ecuador’s National Assembly will debate a draft report that concludes President Guillermo Lasso did not participate in embezzlement and recommends against his impeachment, a lawmaker said on Friday. Opposition politicians pushed for impeachment hearings on accusations Lasso turned a blind eye to alleged embezzlement related…
By Shreyashi Sanyal (Reuters) -European shares ended Friday on solid ground aided by a boost in shares of HSBC and from energy firms that tracked a rebound in oil prices, but wrapped a week packed with high-profile central bank meetings and heavy earnings with a decline. The pan-European STOXX 600 index closed 1.1% higher, with…
(Reuters) – Marathon Petroleum Corp on Friday said three of the four employees who were hospitalized after exposure to a release at its refinery in Wilmington, California had been discharged. The fourth employee was in stable condition and remained under observation overnight, the company said, adding it was investigating the cause of the gas leak…
By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) -Even as the United States and its European allies grapple with Russia’s invasion of Ukraine and rising tensions with China, the smoldering crisis over Iran’s nuclear program threatens to reignite. In a sign of European concern, Britain, France and Germany have warned Iran…
By Ann Saphir and Howard Schneider (Reuters) – A critical flow of data heading to the Federal Reserve’s June meeting, and a possible rate hike pause, began Friday with a stronger-than-anticipated jobs report showing U.S. payrolls and wage growth remain resilient. Data showing the economy added 253,000 jobs in April, with hourly wages growing at…
By Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden picked a senior aide, Neera Tanden, to replace Susan Rice as his domestic policy adviser, the White House said in a statement. Tanden, a longtime Democratic aide who served in two prior presidential administrations, will take on one of the most senior…
By Siddarth S and John McCrank (Reuters) -Cboe Global Markets on Friday reported first-quarter profit above Wall Street expectations, as the exchange operator’s trading volumes swelled on market gyrations amid a banking crisis and rising interest rates. Cboe, which provides trading platforms for equities, foreign exchange and derivative products in various regions, reported adjusted earnings…
By Valentina Za MILAN (Reuters) -Intesa Sanpaolo, Italy’s biggest bank, raised its 2023 profit goal on Friday after first-quarter net income nearly doubled thanks to higher interest rates and shrinking loan loss provisions. The lender forecast 7 billion euros ($7.7 billion) in net profit this year, having said in February that it would top last…
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to a whistleblower whose information helped the regulator’s enforcement action, it said on Friday. The regulator did not disclose the case concerned in its statement. The award is more than double the $114 million that it…
