By Pavel Polityuk KYIV (Reuters) – Ukraine fended off 36 Russian air attacks in and around the capital overnight while pro-Kyiv Russian fighters said they were battling Russian forces for a second day inside Russia, trading blame with Moscow for the deaths of two civilians. Russia has launched about 20 waves of attacks on Kyiv…
(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government’s $31.4 trillion debt ceiling and averted a historic default. Shares of JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo and Bank of America gained between 2.2% and 3.8% Their mid-sized…
(Reuters) – Citizens Financial Group Inc is not looking to do many acquisitions in the near term, the bank’s Chief Executive Bruce Van Saun said at a conference on Friday, adding that the lender’s “strong” capital could instead be used for buybacks. The bank was one of several bidders for the assets of First Republic…
By Nathan Layne LACONIA, New Hampshire (Reuters) -As Florida Governor Ron DeSantis took his presidential pitch to Iowa and New Hampshire this week, it was his wife’s presence and message that stood out to some Republican voters as a potential asset for his 2024 campaign. Casey DeSantis, a former TV broadcaster who has been credited…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit. “There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so…
NEW YORK (Reuters) – Exchange operator Cboe Global Markets said on Friday it will let companies list across its U.S. and international exchanges, expanding in a fiercely competitive field dominated in the United States by the New York Stock Exchange and Nasdaq Inc. Cboe, which has stock exchanges in North America, Europe, and the Asia-Pacific…
By Mike Stone and Patricia Zengerle WASHINGTON (Reuters) – A $16 billion list of lower-priority defense items like tanks, helicopter upgrades and a ship, that would normally be paid for as part of the defense budget, could go unfunded after the U.S. passed a landmark bill that lifts the debt ceiling but curbs federal spending….
By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and…
By Patricia Zengerle WASHINGTON (Reuters) -U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries. “During your address, you will have the opportunity to share your vision for India’s…
By John Revill BERN (Reuters) -UBS Chief Executive Sergio Ermotti on Friday warned of painful decisions about job cuts following the takeover of Credit Suisse, which he said he hoped would be formalised in coming days. “We won’t be able to create, short term, job opportunities for everybody. Synergies is part of the story,” Ermotti…
