Edition:
International

Michelle Price

Wall Street bank CEOs to tout COVID relief push, diversity efforts before Congress

May 26 2021

WASHINGTON (Reuters) -Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on track when they appear before Congress this week, but are likely to face tough questions on hot-button social and economic issues. | Video

Wall Street bank CEOs to tout COVID relief push, diversity efforts before Congress

May 25 2021

WASHINGTON, May 25 Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on track when they appear before Congress this week, but they are likely to face tough questions on hot-button social and economic issues.

Digital Dollar Project to launch five U.S. central bank digital currency pilots

May 03 2021

WASHINGTON The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.

Bank CEOs to testify as U.S. Congress ramps up scrutiny of Wall Street

Apr 15 2021

WASHINGTON (Reuters) -The U.S. Congress will hold hearings next month with the chief executives of major Wall Street banks as Democratic lawmakers step up scrutiny of the role lenders have played in helping struggling Americans recover from the COVID-19 pandemic.

Analysis: U.S. money market funds, advocates, stake out positions as crackdown looms

Apr 13 2021

WASHINGTON Market participants this week staked out their positions on how to fix systemic risks in the $4.9 trillion U.S. money market fund industry, in what is shaping up to be the first big fight for U.S. President Joe Biden's financial regulators.

Powell says U.S. Fed is reviewing 'concerning' Archegos bank losses - CBS '60 Minutes'

Apr 12 2021

WASHINGTON The U.S. Federal Reserve is monitoring the implosion of New York fund Archegos Capital and analyzing why some banks suffered billions of dollars in losses, but the incident does not raise broader systemic risk worries, Fed Chair Jerome Powell said.

IMF sees U.S. equity market rally continuing despite stretched valuations

Apr 06 2021

WASHINGTON U.S. equity markets will continue booming in the short to medium term on strong economic growth and easy monetary conditions despite already stretched valuations, according to the International Monetary Fund's (IMF) annual financial stability report.

Brooklyn man accused of using information from Bloomberg reporter for insider trading

Apr 02 2021

WASHINGTON A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising.

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