By Nupur Anand NEW YORK (Reuters) -As JPMorgan Chase & Co CEO Jamie Dimon prepares to take the stage for the bank’s investor day on Monday, he can expect plenty of questions about its purchase of failed First Republic Bank. Analysts will seek more details about the deal and JPMorgan’s plans to integrate the business…
By Isla Binnie NEW YORK (Reuters) – U.S.-based bankers and money managers whose job titles include “ESG” or “sustainability” earn on average around 20% higher base salaries than colleagues of the same seniority without those labels, according to analysis of salary data shared with Reuters. More than $30 trillion in capital has been committed to…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that a change in the timeline for meeting the inflation target will be discussed with President Luiz Inacio Lula da Silva, countering the current calendar-year target model, which he deemed unnecessarily restrictive. Speaking on the sidelines of a seminar hosted by the central…
JOHANNESBURG (Reuters) – Ghana’s Finance Minister Ken Ofori-Atta said on Friday that the first $600 million tranche of a $3 billion, three-year extended credit facility has been received. The funds will be used for budget support and help bring down inflation, Ofori-Atta said on Twitter. The International Monetary Fund’s executive board on Wednesday approved the…
By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more mergers may be necessary after a series of bank failures, CNN reported on Friday, citing two people familiar with the matter. A Treasury spokesperson declined to comment on the meeting with CEOs of the largest…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States, Canada and the United Kingdom issued fresh sanctions on Russia on Friday over its invasion of Ukraine. Here are the main sanctions, announced during a G7 summit in Japan. U.S. TREASURY DEPARTMENT SANCTIONS The Treasury Department imposed sanctions on 22 people and 104 entities with touchpoints…
By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future…
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of the Bank for International Settlements has warned. The BIS, often referred to as the central bankers’ bank, has been calling for a robust…
LONDON (Reuters) – The European Central Bank must continue its fight to tame inflation “with determination” because wages are rising, fiscal policy is too generous and inflation expectations remain too high, ECB board member Isabel Schnabel said on Friday. Striking a similar tone, ECB President Christine Lagarde said earlier in the day that the central…
By Karen Freifeld WASHINGTON (Reuters) – The Biden administration halted the export of a wide range of consumer goods to Russia on Friday and added 71 companies to a trade blacklist, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine. The new curbs targeted items that can…
