Category Archives:
Insurance broker Acrisure touches $23 billion in valuation after latest funding
(Reuters) - Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 bill...
May 31, 2022
U.S. Senate banking panel urges Wells Fargo to ‘finally’ fix problems
By Pete Schroeder WASHINGTON (Reuters) -The head of the U.S. Senate Banking Committee on Tuesday called on Wells Fargo & Co Chief Executive Charles Scharf to "finally" address weaknesses at the bank, ...
May 31, 2022
U.S. jury finds ex-Clinton campaign lawyer not guilty of lying to FBI
By Sarah N. Lynch WASHINGTON (Reuters) -A jury in Washington on Tuesday found a former attorney for Hillary Clinton's presidential campaign not guilty of lying to the FBI when he met with the bureau i...
May 31, 2022
Factbox-Global baby formula makers send products to restock U.S. shelves
(Reuters) - Global companies that make baby formula are bringing products into the United States after the country's health regulator relaxed its import policy to address a nationwide shortage partly ...
May 31, 2022
Factbox-How much oil does the European Union import from Russia?
(Reuters) - The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow's invasion of Ukraine. The ban on seaborne crud...
May 31, 2022
Delighted Citigroup chief calls Buffett’s investment ‘wonderful’
By Tom Sims FRANKFURT (Reuters) - The timing of Warren Buffett's recent investment in Citigroup Inc was not known in advance by the U.S. lender, Chief Executive Jane Fraser said on Tuesday. Fraser, sp...
May 31, 2022
Global regulators push ahead with crypto bank capital rules
By Huw Jones LONDON (Reuters) - Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books. Last June the committe...
May 31, 2022
TIM values landline grid about 20 billion euros in single broadband deal, sources say
MILAN (Reuters) - Telecom Italia (TIM) has attached an enterprise value of around 20 billion euros ($21.5 billion) to its landline grid which the former phone monopoly is considering selling as part o...
May 31, 2022
JPMorgan appoints Thomas Cassin as vice chair of debt capital markets unit
(Reuters) - JPMorgan Chase and Co has named Thomas Cassin as vice chair of global debt capital markets for the bank's investment banking unit, according to an internal memo seen by Reuters on Tuesday....
May 31, 2022
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
(Reuters) - Europe's phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next six months, Russian analysts and traders said on ...
May 31, 2022
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