(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more
(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more
DUBLIN, May 19 (Reuters) – Taking the new obesity drug from Novo Nordisk (NOVOb.CO) could help reduce the risk of heart disease and boost weight loss, according to a new U.S. study. After one year of taking semaglutide, marketed as Wegovy, patients’ risk of suffering conditions like a heart attack or stroke in the next … Read more
May 11 (Reuters) – Big U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders , although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) announced Thursday. The … Read more
OMAHA, Nebraska, May 6 (Reuters) – Warren Buffett on Saturday criticized the handling of recent turmoil in the banking sector and said a showdown over the debt ceiling could cause “turbulence” in the financial system, even though he offered a vote of confidence in the United States and its conglomerate Berkshire Hathaway Inc (BRKa.N). Speaking … Read more
May 1 (Reuters) – Regulators seized First Republic Bank (FRC.N) and sold its assets to JPMorgan Chase & Co (JPM.N) on Monday, as part of a deal to resolve the world’s biggest bank failure American since the financial crisis of 2008 and to draw a line under a persistent banking crisis. First Republic was among … Read more
NEW YORK, April 30 (Reuters) – PNC Financial Services Group (PNC.N) and JPMorgan Chase & Co (JPM.N) were among banks due to submit their final offers for First Republic Bank (FRC.N) midday on Sunday in one at an auction run by US regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp is … Read more
NEW YORK, April 28 (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank (FRC.N) as private sector efforts led by the bank’s advisers have yet to yield a deal, according to three sources close to the situation. . The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve … Read more
Problem debt dates back 15 years to financial crash UBS sets aside $665 million to cover costs CEO warns of ‘difficult’ task of integrating Credit Suisse ZURICH, April 25 (Reuters) – UBS Group (UBSG.S) has set aside more money to draw a line under its involvement in toxic mortgages, halving its first-quarter profit as it … Read more
