By Jack Queen (Reuters) -A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The Fed took its own share of the blame for SVB’s sudden…
By Jonathan Stempel NEW YORK (Reuters) -Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries. According to complaints filed on Friday, Energizer agreed “under pressure from Walmart” to inflate wholesale battery prices for other retailers…
BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc will invest an additional $250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. “This latest investment will support the company’s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to large-scale industrial customers,” Serentica Renewables…
(Reuters) -Meetings at the U.S. Federal Reserve, the European Central Bank and Australia’s central bank top the agenda, while megacap Apple brings the U.S. earnings season to an end, as markets work through fresh banking tremors. Here’s a look at the week ahead in markets from Ira Iosebashvili and Lewis Krauskopf in New York, Dhara…
(Reuters) – Over 200 law enforcement officers in Texas searched on Sunday for a man accused of shooting to death five neighbors after being asked to stop firing a semiautomatic rifle in Cleveland, Texas. Francisco Oropesa, 38, is accused of opening fire on neighbors after being asked to stop shooting an AR-15-style rifle late Friday…
By Chris Prentice, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp had…
By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden on Saturday, in a possible preview of a 2024 presidential campaign theme, attacked news outlets he said used “lies told for profit and power” to stir up hatred in the United States, as he coupled his remarks with pointed jokes about Fox News. Speaking at…
WASHINGTON (Reuters) – Republican U.S. Senator Tim Scott plans to announce his decision on entering the 2024 presidential on May 22, according to media reports on Sunday, in a potential challenge to former President Donald Trump for the party’s nomination. Scott, only Black Republican in the Senate, has sought to focus on his ability “to…
By Hyonhee Shin SEOUL (Reuters) – North Korea criticised a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of a nuclear war,” state media KCNA said on Monday. U.S. President Joe Biden and South Korean President Yoon Suk Yeol held a summit…
By Lidia Kelly (Reuters) -Ukraine remains in control of a key supply route into Bakhmut, a military spokesperson said on Saturday, as the head of Russia’s mercenary Wagner Group threatened to withdraw some of his troops from the eastern city if Moscow did not send more ammunition. Russian forces have been trying for 10 months…
