Wells Fargo CEO says regional banks are strong, but expects turmoil
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on…
Economy
Goldman names new COO of global M&A business – memo
By Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc has promoted Troy Broderick to be the new chief…
Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes closed lower on Tuesday, a day ahead of the…
Biden administration ramps up data exchange program to boost US supply chains
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Tuesday said it was ramping up a program to address…
Thomson Reuters profit tops estimates as it plans AI push
By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in…
Explainer: How the Fed might act in a US default
(Reuters) – Federal Reserve Chair Jerome Powell at his press conference on Wednesday is likely to get asked – again…
Analysis-Companies wary as Twitter checkmark policy fuels imposter accounts
By Hardik Vyas and Sheila Dang (Reuters) – Twitter’s attempt to implement a paid account verification service has attracted imposters…
Increased green tax-credit costs are a sign of success, White House’s Podesta says
By Andy Sullivan WASHINGTON (Reuters) – A top White House official said on Tuesday that he was not concerned that…
LIBOR successor in home stretch for transition in giant US swaps market
By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – A decade after a manipulation scandal turned global regulators and…
PacWest, Western Alliance shares tumble as regional bank fears persist
By Niket Nishant and Chibuike Oguh (Reuters) – Shares of regional banks PacWest Bancorp and Western Alliance Bank plunged on…