UBS sets aside $4 billion for potential lawsuits on Credit Suisse deal
(Reuters) -Swiss bank UBS Group AG has set aside $4 billion in provisions for potential litigation and regulatory issues stemming
2023-05-17 06:47
Failed bank execs see blame everywhere, except in the mirror
More than two months after the collapse of Silicon Valley Bank and Signature Bank triggered a financial earthquake, three former executives spoke publicly for the first time in testimony before a Senate committee Tuesday.
2023-05-17 06:19
OpenAI chief concerned about AI being used to compromise elections
By Diane Bartz, Zeba Siddiqui and Jeffrey Dastin WASHINGTON The CEO of OpenAI, the startup behind ChatGPT, told
2023-05-17 01:16
US Senate hearing on China to draw rare Biden cabinet trio
By Patricia Zengerle WASHINGTON (Reuters) -Three of President Joe Biden's cabinet members will testify on China policy at a U.S.
2023-05-17 00:24
US bank regulators vow tougher rules, oversight after bank failures
By Pete Schroeder and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve is eyeing stricter rules on banks over $100 billion
2023-05-17 00:16
Factbox-Amgen-Horizon deal joins mega mergers facing regulatory heat
A U.S. antitrust regulator said on Tuesday it will sue to stop Amgen's $27.8 billion deal for Horizon
2023-05-16 23:59
Walmart investors eye margins amid grocery focus
By Siddharth Cavale NEW YORK When Walmart reports earnings Thursday, investors will get an even closer look at
2023-05-16 23:20
Federer-Backed Shoemaker Drops as Revenue Surge Fails to Impress
Swiss shoemaker On Holding AG fell after posting earnings and sales growth that failed to satisfy investors after
2023-05-16 22:29
Yellen warns US default could trigger recession, 'break' financial markets
WASHINGTON Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions
2023-05-16 21:17
US retail sales miss expectations, but core sales strong
WASHINGTON U.S. retail sales increased less than expected in April, but the underlying trend was solid, suggesting that
2023-05-16 20:57
Retail spending rebounded in April
Spending at US retailers rose in April following two months of declines, showing the US consumer is still fueling the economy.
2023-05-16 20:51
Wall Street's 'fear gauge' is rising as US debt talks drag on
The United States government is inching closer to its so-called debt ceiling X-date, when the Treasury could run out of cash and extraordinary measures to pay all government obligations, and both political parties remain at odds with no concrete solution to avoid a default.
2023-05-16 20:29