(Reuters) -U.S. bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders’ residential mortgages that go beyond international standards, Bloomberg News reported on Monday. The changes would be part of the U.S. version of a global accord known as…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs’ board supports CEO David Solomon’s focus on its core Wall Street businesses and asset management, according to two sources close to Solomon. The executive is tasked with reviving the bank’s stock, even as scepticism from some investors and employees grows. The 12-member board of…
By Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) -Former U.S. President Donald Trump said on Tuesday he had received a letter from Special Counsel Jack Smith stating that he is a target of a grand jury investigation into efforts to overturn his 2020 presidential election defeat. A letter would represent the clearest sign to…
WASHINGTON (Reuters) – The White House on Tuesday along with companies such as Amazon.com Inc, Alphabet’s Google and Best Buy will announce an initiative that allows Americans to identify devices that are less vulnerable to cyberattacks. A new certification and labeling program would raise the bar for cybersecurity across smart devices such as refrigerators, microwaves,…
By Brendan O’Brien and Julia Harte (Reuters) -The United States is experiencing with a range of unusual weather, from a tropical storm in Hawaii to record-breaking heat across its Sun Belt states and poor air quality in many areas as smoke from Canadian wildfires wafts across the border. As the United States and China, the…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are opening a special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 suspected of relying on advanced driver assistance systems, the government agency said on Tuesday. The National Highway Traffic Safety Administration (NHTSA) is probing the July 5 crash in…
By Will Dunham WASHINGTON (Reuters) – While there is little doubt that many a Mesozoic mammal became a meal for a dinosaur, it may come as a surprise to learn that some mammals also dined on dinos. A dramatic fossil unearthed in northeastern China shows a pugnacious badger-like mammal in the act of attacking a…
By Andrew Goudsward FORT PIERCE, Florida (Reuters) -Donald Trump’s lawyers asked a U.S. federal judge on Tuesday not to treat the former president the same as any other criminal defendant in setting the timing for his trial on charges of mishandling classified documents, citing his presidential campaign. Trump, the front-runner for the Republican nomination to…
By Liliana Salgado PHOENIX (Reuters) -A global pattern of heat waves scorching parts of Europe, Asia and the United States intensified on Tuesday, with the World Meteorological Organization warning of an increased risk of deaths linked to excessively high temperatures. Americans were facing a medley of extreme weather, from blazing heat from Texas to Southern…
(Reuters) – Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector. Signs of a revival in investment banking, which has been in the…