SVB CEO, CFO resign, co appoints turnaround expert as interim finance head
(Reuters) -SVB Financial Group’s CEO and chief financial officer resigned this week while the collapsed lender’s restructuring committee appointed a…
Economy
U.S. food banks warn of strain as Republicans seek food aid cuts
By Leah Douglas (Reuters) – Food banks across the United States are straining to meet spiking demand as high food…
U.S. financial regulators to tighten rules on non-banks, systemic risks
By David Lawder WASHINGTON (Reuters) -Top U.S. regulators on Friday proposed new rules to speed the assessment of financial stability…
US bank deposits, loans ticked down in latest week -Fed data
(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits…
Chile plans to nationalize its vast lithium industry
By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) – Chile’s President Gabriel Boric said on Thursday he would nationalize the…
Credit Suisse saw record fund outflows during March turmoil, data shows
By Marc Jones LONDON (Reuters) – Credit Suisse saw investors pull a record 4.6 billion euros ($5.04 billion) out of…
Fed’s Cook sees a less certain outlook for future of monetary policy
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Lisa Cook said Friday that the outlook for the…
Twitter drops ‘government-funded’ label on media accounts, incl in China
(Reuters) – Twitter dropped the “Government-funded” and “China state-affiliated” labels, which implies government involvement in editorial content, from the accounts…
Nasdaq appoints Cohen and Griggs each as presidents, formalizing new structure
(Reuters) – Nasdaq Inc on Friday said its board appointed Tal Cohen and Nelson Griggs each as presidents, formalizing the…
Stocks edge down, US yields climb after PMI data
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for a third straight day on Friday…