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JPMorgan says its UK bank Chase may break even around 2025
By Nupur Anand NEW YORK (Reuters) - JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months. "We have acq...
Syndicated Content Nov 28, 2023
Bank of America pays $12 million fine for misreporting mortgage data
By Jonathan Stempel (Reuters) -Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges it routinely submitted inaccurate information about mortgage applicants to the federal...
Syndicated Content Nov 28, 2023
ECB could take bigger role in supervising shadow banks, Enria says
FRANKFURT (Reuters) - The European Central Bank may need to take on a bigger role in supervising shadow banks as they are now bigger than conventional lenders and may be sitting on elevated risk, the ...
Syndicated Content Nov 28, 2023
Chile mining body says new lithium projects needed beyond SQM, Albemarle
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) - The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry with...
Syndicated Content Nov 28, 2023
Climate scenarios need revamp for unstable world – IMF
(Reuters) - Scenarios used by the financial system to assess climate risk need updating to account for growing economic uncertainty and setbacks to the green transition from the COVID-19 pandemic and ...
Syndicated Content Nov 28, 2023
Jewish groups sue UC Berkeley over ‘unchecked’ antisemitism
By Jonathan Stempel (Reuters) - The University of California, Berkeley was sued on Tuesday by Jewish groups who said it has become a hotbed of "unchecked" antisemitism, including at its elite law scho...
Syndicated Content Nov 28, 2023
Exclusive-IMF chief demands end to ‘business as usual’ ahead of COP28
By Simon Jessop and Karin Strohecker LONDON (Reuters) - The head of the International Monetary Fund has called for an end to "business as usual" ahead of the start of the COP28 climate talks and warne...
Syndicated Content Nov 28, 2023
Roundhill to shut MEME ETF due to flagging investor interest
By Bansari Mayur Kamdar (Reuters) - Roundhill Investments announced the closure of its exchange-traded fund tracking the performance of meme stocks nearly two years after its launch, putting another n...
Syndicated Content Nov 28, 2023
Biden campaign taps Pelosi on Obamacare after Trump threatens health law
By Nandita Bose WASHINGTON (Reuters) - President Joe Biden's re-election campaign enlisted former U.S. House Speaker Nancy Pelosi on Tuesday to warn about threats to the Affordable Care Act (ACA), bet...
Syndicated Content Nov 28, 2023
IMF, World Bank and BIS in first ‘tokenisation’ collaboration
LONDON (Reuters) - Three of the world's cornerstone institutions - the International Monetary Fund, the World Bank and the Bank for International Settlements - are to work together for the first time ...
Syndicated Content Nov 28, 2023
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