Yellen: greater concentration among largest banks not desirable
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would…
Business
Biden administration backs Google in song lyrics case at Supreme Court
By Blake Brittain (Reuters) -The Biden administration’s U.S. solicitor general said Tuesday that the U.S. Supreme Court should not review…
Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its…
Fed’s Waller: inverted yield curve may signal belief in falling inflation
(Reuters) – Federal Reserve Governor Christopher Waller on Wednesday said that while inverted yield curves in the context of stable…
Deutsche, Citi admit anti-competitive bond market activity in UK probe
By Sinead Cruise and Amy-Jo Crowley LONDON (Reuters) -Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on…
Analysis-Global pension funds eye currencies for additional returns
By Laura Matthews NEW YORK (Reuters) – Expectations for lower returns in stocks and bonds are sending some pension funds…
White House says China’s actions on Micron won’t torpedo relations
By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) – China’s move on Micron Technology Inc won’t torpedo larger efforts to…
Kohl’s rises on surprise profit as CEO’s turnaround plan shows effect
By Savyata Mishra (Reuters) -Kohl’s Corp on Wednesday reported a surprise profit as its new CEO’s efforts to turn around…
Russia’s monthly producer price index up for third month in April
(Reuters) – Costs in Russia’s manufacturing sector rose for a third month in April, data from the state statistics service…
Target removing some LGBTQ merchandise following customer backlash
(This May 23 story has been corrected to fix the spelling of Carnell’s first name to Erik, from Eric, in…