Edition:
United States

Pete Schroeder

Trump held conference call with big bank CEOs amid market turmoil: source

Aug 16 2019

WASHINGTON President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said on Friday.

U.S. manufacturing output drops in July

Aug 15 2019

WASHINGTON U.S. manufacturing output dropped in July, ending a run of two months of growth.

UPDATE 1-U.S. manufacturing output drops in July

Aug 15 2019

WASHINGTON, Aug 15 U.S. manufacturing output dropped in July, ending a run of two months of growth.

U.S. manufacturing output drops in July

Aug 15 2019

WASHINGTON, Aug 15 U.S. manufacturing output dropped in July, ending a run of two months of growth.

U.S. regulators to drop accounting test in 'Volcker' rewrite: sources

Aug 13 2019

WASHINGTON U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, according to two people with knowledge of the matter.

U.S. regulator settles lawsuit against ITT Educational, will not collect $60 million

Aug 12 2019

The U.S. Consumer Financial Protection Bureau (CFPB) said on Monday it had reached a settlement with ITT Educational Services Inc over predatory lending practices, but does not plan to collect any of a $60 million judgment from the bankrupt for-profit college.

U.S. scraps requirement for mortgage borrowers' language preference

Aug 09 2019

WASHINGTON The U.S. housing finance regulator said on Friday it had reversed a decision to require mortgage lenders to ask what language borrowers spoke because it was not among the "most relevant and useful" information.

Fed to develop real-time payments system for launch in 2023 or 2024

Aug 05 2019

WASHINGTON The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024.

Democrats aim their outrage at Trump after two mass shootings

Aug 05 2019

WASHINGTON Two mass shootings that killed 29 people in Texas and Ohio reverberated across the U.S. political arena on Sunday, with some Democratic presidential candidates accusing President Donald Trump of stoking racial divisions while he said "hate has no place in our country." | Video

U.S. bank regulators sign off on 'living wills' for 82 foreign banks

Jul 26 2019

WASHINGTON U.S. bank regulators said on Friday they had identified no shortcomings in "living wills" submitted by 82 foreign banks detailing how their U.S. operations could be safely dissolved in a crisis.

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.