US banks rethink social media as a threat, not a marketing tool
By Nupur Anand NEW YORK (Reuters) -Bankers are beefing up risk management, monitoring and emergency procedures around the use of…
Economy
Fed’s Williams says world of low interest rates still prevails
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. and…
Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan
By Pete Schroeder WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell…
Hollywood actors’ union asks members to authorize possible strike
By Lisa Richwine LOS ANGELES (Reuters) – The board of Hollywood’s actors union asked members on Thursday to give negotiators…
Wall Street opens higher on hopes of debt ceiling deal
(Reuters) – Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S….
Fed’s Williams declines to connect monetary policy outlook to neutral rate view
NEW YORK (Reuters) – New York Fed president John Williams declined on Friday to connect the current monetary policy outlook…
US equity funds experience eighth straight week of outflows
(Reuters) – U.S. equity funds saw an eighth straight week of net outflows in the seven days to May 17…
Fed’s Bowman backs ‘targeted’ bank rules reform but not ‘radical’ change
Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party…
ECB eyes additional steps to tackle bank deposit risks
MILAN (Reuters) -The European Central Bank is considering whether requirements tailored for individual lenders could help address the risks arising…
Canada March retail sales down 1.4% on autos, seen up 0.2% in April
May 19 (Reuters) – Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on…