Citi’s Fraser warns U.S. debt ceiling debate has serious consequences
BEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in…
Economy
Subway comes up with $5 billion debt plan to clinch $10 billion-plus sale -sources
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The bankers running the sale process for Subway have given the…
One-third of US nurses plan to quit profession – report
By Khushi Mandowara and Leroy Leo (Reuters) – Almost a third of the nurses in the United States are considering…
JPMorgan buys First Republic Bank’s assets
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Monday it will buy most of…
US construction spending rebounds in March on nonresidential structures
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in March, boosted by investment in nonresidential structures, but single-family…
World Bank launches more robust, transparent business climate rankings
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Monday unveiled new methodology and improved safeguards for assessing the business…
FDIC report to reopen U.S. bank deposit insurance debate
By Hannah Lang (Reuters) – A key U.S. banking regulator is set to publish a comprehensive overview of the federal…
Factbox-JPMorgan’s deal for collapsed First Republic explained
(Reuters) – JPMorgan Chase & Co will buy most of First Republic Bank’s assets in a last-ditch rescue led by…
Soft China PMI likely to flow through to uneven commodity demand: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -The surprise contraction in China’s manufacturing index in April, coming after first quarter growth…
The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United…