By Lananh Nguyen, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Large U.S. banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained so far, according to three industry sources on Wednesday who declined to be identified because of the sensitivity of the situation. The …
Large U.S. banks view Credit Suisse exposure as manageable -sources Read More »
(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening Credit Suisse Group AG crisis added to turmoil in debt markets, Bloomberg News reported on Wednesday. The $942 million sale, led by Citigroup Inc, was part of a larger asset-backed …
Santander halts $942 million subprime auto ABS sale amid turmoil – Bloomberg News Read More »
By David Shepardson McLEAN, Virginia (Reuters) -Transportation Secretary Pete Buttigieg said on Wednesday the United States cannot wait for the next “catastrophic event” to address an uptick in aviation close calls that has sparked alarm. The Federal Aviation Administration (FAA) held a day-long a safety summit on Wednesday outside Washington with airlines, unions, airports and …
US must address alarming rise in aviation close calls – officials Read More »
By David Lawder WASHINGTON (Reuters) – The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured U.S. bank deposits to stem a drain of funds from small and regional U.S. lenders following deposit bailouts for failed banks SVB Financial and Signature Bank, former FDIC chair Sheila Bair said on Wednesday. Bair, …
US FDIC may need temporary guarantee for all bank deposits -ex chief Bair Read More »
By David Carnevali NEW YORK (Reuters) – U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month. Benchmark indexes regained some ground in late trade after Bloomberg reported …
Wall Street down as Credit Suisse sparks fresh bank selloff Read More »
By Jason Lange WASHINGTON (Reuters) – A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank bailouts has softened over the last decade, a Reuters/Ipsos poll completed on Wednesday found. The poll’s results point to a potential political problem for Democratic …
Americans are wary of bailouts as banking concerns mount – Reuters/Ipsos poll Read More »
MEXICO CITY (Reuters) – A U.S. judge on Wednesday sentenced a former Mexican governor to nine years in prison for accepting at least $3.5 million in illegal bribe money and using it to fraudulently purchase property in the United States. According to a court filing, Tomas Yarrington, a former governor of northern Tamaulipas state, was …
U.S. court sentences Mexican ex-governor to nine years for money laundering Read More »
By Kanishka Singh WASHINGTON (Reuters) – Human Rights Campaign, the largest LGBTQ advocacy group in the United States, and its Black former president, Alphonso David, have settled a lawsuit in which David had alleged racial discrimination in his firing, the two sides said on Wednesday. David was fired in September 2021 after New York state …
LGBTQ advocacy group Human Rights Campaign settles racism lawsuit with ex-leader Read More »
By David Lawder WASHINGTON (Reuters) -The Federal Deposit Insurance Corp deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regulator took control of the failed Silicon Valley Bank, Treasury financial data released on Wednesday showed. A Treasury spokesperson referred questions about the fund …
By Hannah Lang (Reuters) – The U.S. consumer finance watchdog launched an inquiry on Wednesday to examine companies that track and collect personal data, requesting public feedback about the business models and practices data brokers use. The U.S. Consumer Financial Protection Bureau’s request for information marks the latest move from the regulator to explore how …
U.S. consumer finance watchdog opens inquiry into data brokers Read More »
