First Republic’s strategic options “very challenging” – Fitch
By Saeed Azhar NEW YORK (Reuters) – First Republic Bank’s strategic options are “very challenging” because any potential sale is…
Economy
Cryptoverse: Investors pick their AI race horses
By Lisa Pauline Mattackal (Reuters) – What do you get when you cross cryptocurrencies with artificial intelligence? A seemingly sentient…
US lawyer pleads guilty to dealing with Russian oligarch under sanctions
By Luc Cohen NEW YORK (Reuters) – A New York lawyer pleaded guilty on Tuesday to making $3.8 million in…
First Republic Bank short positions turn profitable for month – S3 Partners
NEW YORK (Reuters) – Short interest in shares of beleaguered First Republic Bank rose by $389.8 million to $945.5 million…
McDonald’s sales surge on more visits amid recession threat
By Hilary Russ and Deborah Mary Sophia (Reuters) -McDonald’s Corp beat Wall Street expectations for quarterly global comparable sales and…
British American Tobacco Plc to pay more than $635 million in North Korea sanctions case
By Sarah N. Lynch and Doina Chiacu WASHINGTON (Reuters) -British American Tobacco Plc has agreed to pay more than $635…
Biden should sanction Huawei Cloud, other Chinese firms -senators
By David Shepardson WASHINGTON (Reuters) – A group of nine Republican senators on Tuesday urged the Biden administration to impose…
US default on debt would trigger an ‘economic catastrophe’ – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise…
Citigroup defends revamp as shareholders complain about sluggish stock
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems…
Crypto must end anonymity for illicit finance, U.S. regulator says
By Huw Jones LONDON (Reuters) -Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said…