By Hannah Lang (Reuters) – A key U.S. banking regulator is set to publish a comprehensive overview of the federal deposit insurance system on Monday, teeing up fresh debate about whether the government should expand protections on bank deposits – and if so, by how much. The review will be the third report issued in…
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Monday it will buy most of First Republic Bank’s assets after U.S. regulators seized the troubled bank. The collapse marks the third major U.S. lender to fail in less than two months, after a week of panic which saw First Republic…
(Reuters) – JPMorgan Chase & Co will buy most of First Republic Bank’s assets in a last-ditch rescue led by U.S. regulators, marking the third major U.S. institution to fail in two months. The deal, announced early on Monday as regulators seized First Republic, will see the largest U.S. bank acquire $173 billion of loans,…
MANILA (Reuters) -Philippines President Ferdinand Marcos Jr said China has agreed to discuss fishing rights in the South China Sea, as he pushed for a “direct communication line” with Beijing on maritime differences. China has agreed to “sit down” and talk about Filipinos’ fishing rights in the South China Sea, Marcos said, adding he has…
By Clyde Russell LAUNCESTON, Australia (Reuters) -The surprise contraction in China’s manufacturing index in April, coming after first quarter growth exceeded expectations, underlines the uneven nature of the recovery in the world’s second-biggest economy. This variable economic story is likely to be mirrored in China’s imports of major commodities, with strength in some areas being…
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marking the third major U.S. bank to fail in two months. Last week, First Republic reported a more than $100 billion plunge in deposits in…
ABERDEEN, Scotland (Reuters) -Former U.S. President Donald Trump arrived in Scotland on Monday for a short trip to visit his golf courses in the country and in Ireland. Trump, who has family roots in Lewis, an island off the northwestern tip of Scotland, owns two golf courses in Scotland – one north of Aberdeen and…
LONDON (Reuters) -Inflation expectations in Britain eased in April, bank Citi said on Monday, offering some relief to the Bank of England which is expected to announce a 12th straight interest rate hike next week with investors betting on further increases after that. Citi said its monthly survey conducted by market research company YouGov showed…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors, fearing a recession is around the corner and preparing for an end of the Federal Reserve’s tightening cycle, have embraced the safety of U.S. Treasuries and shed risky exposures in investment grade and high yield credit. The collapse in March of Silicon Valley Bank and Signature…
By Maya Gebeily BEIRUT (Reuters) – Syrian refugees detained by security forces in Lebanon and deported have been subject to arrest and forced conscription upon return to their war-ravaged homeland, their relatives and rights advocates have told Reuters. Some said their loved ones were being held by the Syrian army’s Fourth Division, which is headed…
