By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators….
(Reuters) – Twitter Inc on Thursday allowed users who subscribe to its Blue verification feature an early access to its encrypted messaging service. The social media platform, owned and run by Tesla CEO Elon Musk, said the service was now available to verified users who have the latest version of the app installed. A Twitter…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender BlockFi received court permission on Thursday to return $297 million to customers with non-interest-bearing accounts, without repaying customers who had tried to move funds into those accounts at the last minute. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled that customers owned their…
By Jorgelina do Rosario, Christian Akorlie and Rachel Savage LONDON/ACCRA (Reuters) -Ghana’s official creditors are poised to grant financing assurances and form a committee co-chaired by France and China – key steps for the nation to secure a $3 billion International Monetary Fund (IMF) loan, sources told Reuters. The country’s bilateral lenders are expected to…
By Howard Schneider WASHINGTON (Reuters) – Deposit withdrawals from U.S. banks following the collapse of Silicon Valley Bank were concentrated in around 30 “super-regional” institutions in the $50 billion to $250 billion range, similar to SVB, New York Fed researchers concluded in a newly released study. Deposits among thousands of “community and smaller regional banks……
By Marco Aquino LIMA (Reuters) – In a country shaken by years of political volatility, Peru’s national currency has emerged as a mainstay of relative stability among Latin American foreign exchange markets, reaching its strongest level in a year this week. After taking a hit during the nearly two-year presidency of Pedro Castillo, the Peruvian…
MILAN (Reuters) -Pirelli said on Thursday it expected Italy would conclude its review of governance agreements involving the holding in the tyre maker by China’s Sinochem after early June, pushing it to further postpone the appointment of its new board. Earlier this year, Pirelli said Sinochem, its largest shareholder, with a 37% stake, notified Italy’s…
By Naomi Rovnick LONDON (Reuters) -It’s the best performing currency this year in the G10 group of advanced economies against the dollar. But sterling’s strengthening streak is about to be put to the test as a succession of rate hikes heighten worries about growth. Britain’s pound, at around $1.251, on Thursday edged back from recent…
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that a U.S. debt default prompted by failure to raise the country’s debt ceiling would have “very serious repercussions” for the U.S. economy as well as the global economy, including likely higher borrowing costs. IMF spokesperson Julie Kozack also told a news…
(Reuters) – Shares of pot companies were trading higher on Thursday as the U.S. Senate Banking Committee prepares to discuss the SAFE Banking Act, a crucial legislation that would make it easier for the cannabis industry to access banking services. If the bill advances through the committee stage, it would be voted by the Senate…
