WASHINGTON, March 14 (Reuters) – JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced Thursday.…
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March 13 (Reuters) – Pension insurance specialist Rothesay has agreed to buy the about 6 billion pound ($7.67 billion) Scottish Widows in force bulk annuity portfolio from Lloyds Banking Group (LLOY.L), opens new tab, the companies said on Wednesday. The bulk…
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LONDON, March 12 (Reuters) – It would be a bad idea for Britain to try to reduce pressure on the public finances by cutting the amount of interest the Bank of England pays on reserves held there by commercial banks,…
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BERLIN, March 11 (Reuters) – German inflation eased in February to 2.7%, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 3.1% year-on-year in January. The statistics…
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BRUSSELS, March 11 (Reuters) – European Union finance ministers on Monday set out priorities for creating a Capital Markets Union over the next five years to attract private capital to Europe and help fund the costly transition to a “green”…
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LONDON, March 11 (Reuters) – Britain’s financial regulator said on Monday it will not object to requests from recognised investment exchanges to launch UK-listed cryptoasset-backed exchange-traded notes. Such products would be only available for professional investors, such as investment firms…
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WASHINGTON, March 7 (Reuters) – The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring,…
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HONG KONG, March 6 (Reuters) – Morgan Stanley (MS.N), opens new tab has laid off about 9% of its staff at its asset management business unit in China, two people with direct knowledge of the matter said, as the country’s spiralling stock…
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NEW YORK, March 6 (Reuters) – Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies’ collapses in 2022, with FTX agreeing to pay BlockFi up to $874 million, according to court documents filed on Wednesday.…
Read moreLONDON, March 5 (Reuters) – Britain’s markets regulator will investigate whether small businesses are facing unnecessary barriers to growth because they are increasingly facing bank demands for personal guarantees when they seek loans. The Financial Conduct Authority (FCA) said on…
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