Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON (Reuters) – The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse’s…
Exclusive-Beijing pushes for toning down of China risks in IPO prospectuses-sources
By Julie Zhu, Kane Wu and Selena Li (Reuters) -Beijing has asked law firms to tone down the language used…
Bank of England to check credibility of top banks’ wind-down plans
By Huw Jones LONDON (Reuters) – The Bank of England said on Monday it will check from October whether top…
Russia attacks Danube grain export route vital for Ukraine
By Olena Harmash and Tom Balmforth KYIV (Reuters) -Russia destroyed Ukrainian grain warehouses on the Danube River in a drone…
Exclusive-Airbus weighs separate boss for planemaking arm – sources
By Tim Hepher PARIS (Reuters) – Airbus is contemplating a management shake-up that could restore a de facto separate leader…
FTX’s Bankman-Fried denies witness tampering, accepts gag order
By Mrinmay Dey (Reuters) -Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York…
US restaurants set for second-half profit boost as costs ease, demand stays firm
By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits…
J&J starts share exchange offer for consumer health spin-off Kenvue
(Reuters) -Johnson & Johnson said on Monday it had launched an exchange offer under which its stockholders can opt for…
Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets
By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY – A fall in copper prices is having an outsized impact on small…
Lyft considers options for bikes business after getting ‘strong interest’
(Reuters) -Lyft said on Monday it was exploring options for its bikes and scooters unit, including a sale or a…