Category Archives:
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) - KPMG's U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank, the Financial Times reported on Tuesday. Knopp said KPMG's audit w...
Mar 14, 2023
Goldman Sachs bought SVB’s bond portfolio, lender says
(Reuters) -Troubled lender SVB Financial Group said on Tuesday Goldman Sachs Group Inc had bought its bond portfolio before federal regulators took the bank into receivership. The portfolio, consistin...
Mar 14, 2023
NASA awards Firefly Aerospace $112 million contract for far-side moon lander
(Reuters) - NASA on Tuesday said it had picked U.S. rocket builder Firefly Aerospace to put a lander on the moon's far side in 2026, under a nearly $112 million contract. "The commercial lander will d...
Mar 14, 2023
TikTok mulls splitting from ByteDance if proposal with U.S. fails – Bloomberg News
(Reuters) -China's TikTok is considering separating from parent ByteDance to help address U.S. concerns about national security risks, Bloomberg News reported on Tuesday, citing people familiar with t...
Mar 14, 2023
Brazil development bank aims to pay out sums totaling 2% of GDP by 2026
RIO DE JANEIRO (Reuters) - An executive at Brazilian state development bank BNDES said on Tuesday the bank aims to pay out the equivalent of 2% of the country's Gross Domestic Product (GDP) by 2026. B...
Mar 14, 2023
Explainer-Why Japan’s ‘shunto’ spring wage talks are a big deal this year
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) - Every March, management of major Japanese firms meet with unions for wage talks across industries that set the tone for employees' pay in the ne...
Mar 14, 2023
U.S. Senate’s banking panel chairman: Congress unlikely to tighten banking rules
WASHINGTON (Reuters) - The U.S. Congress should enact financial regulations to strengthen stress tests and capital and liquidity standards for banks, Senate Banking Committee Chairman Sherrod Brown sa...
Mar 14, 2023
Explainer-Storms in California: What are ‘atmospheric rivers?’
(Reuters) - Atmospheric rivers are storms akin to rivers in the sky that dump massive amounts of rain and can cause flooding, trigger mudslides and result in loss of life and enormous property damage....
Mar 14, 2023
US Interior Dept withdraws land exchange around Alaska refuge
WASHINGTON (Reuters) - U.S. Interior Secretary Deb Haaland on Tuesday withdrew a land exchange around a national wildlife refuge in Alaska, reversing a 2019 move by the administration of former Presid...
Mar 14, 2023
Analysis-U.S. bank loan plan provides Fed rate hike path amid SVB fallout
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - A U.S. lending program to stem deposit outflows in the wake of Silicon Valley Bank's collapse gives the Federal Reserve scope to continue raising inter...
Mar 14, 2023
Peoria, IL, USA
50 °F Partly cloudy
