By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -U.S. President Joe Biden said on Friday the banking crisis after the recent collapse of the Silicon Valley Bank (SVB) and Signature Bank has calmed down. “Yes,” Biden told reporters when asked if the banking crisis had calmed down. Biden has sought to reassure investors and depositors…
(Reuters) -Former U.S. President Donald Trump posted to YouTube and Facebook on Friday, in a return to the tech platforms he used to power his political rise until he was cut off following the Jan. 6, 2021, attack on Congress by his followers. The posts on his Facebook page and YouTube channel, which were titled…
(Reuters) -Former U.S. President Donald Trump posted to YouTube and Facebook on Friday, in a return to social media platforms that he used to power his political rise until he was cut off following the Jan. 6, 2021, attack on Congress by his followers. Trump shared a video that appeared to be from one of…
(Reuters) – The Texas agency that regulates the state’s power utilities overstepped its bounds and kept power prices too high in the wake of a deadly 2021 deep freeze that led to widespread electricity outages, according to a Texas appeals court ruling on Friday. The Public Utility Commission of Texas (PUCT) exceeded “limits on its power”…
(Reuters) – U.S. regulators are willing to consider the prospect of the government backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale, the Financial Times reported on Friday, citing people briefed on the matter. Sources told Reuters on Wednesday that regulators at the U.S. Federal Deposit Insurance Corp…
(Reuters) -Alphabet Inc-owned YouTube said on Friday it lifted restrictions on former U.S. President Donald Trump’s channel, following a more than two-year suspension after the deadly Capitol Hill riot on Jan. 6, 2021. Trump now has access to key vehicles for political fundraising and the ability to reach his combined 146 million followers across three…
By Shankar Ramakrishnan, Stefania Spezzati and Sumeet Chatterjee (Reuters) -At least four major banks, including Societe Generale SA and Deutsche Bank AG, have put restrictions on their trades involving Credit Suisse Group AG or its securities, according to five sources with direct knowledge of the matter. Credit Suisse declined to comment. The bank has previously said…
By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) -Credit Suisse AG will be holding meetings over the weekend to assess scenarios for the bank as it struggles to regain confidence from the market, people with knowledge of the matter told Reuters on Friday. The meetings will include teams of the chief financial officer, the people…
(Reuters) -WeWork Inc said on Friday it had struck deals to cut debt by about $1.5 billion and extend the date of some maturities, in a bid to preserve cash as the flexible-workspace provider feels the heat of mass layoffs on its business. The company, which offers workstations, private offices and customized floors, had enjoyed…
By Shashwat Chauhan (Reuters) -Canada’s main stock index fell on Friday, dragged down by losses in financials as fears of a global banking meltdown continued to worry investors, while lower oil prices weighed on energy stocks. At 10:24 a.m. ET (1424 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 197.19 points, or 1.01%,…
