LONDON/NEW YORK, March 5 (Reuters) – As Tether toasts $100 billion in circulation this week, the rapid rise of the world’s biggest stablecoin has highlighted concerns about potential risks to wider financial markets. The digital dollar-pegged token is designed to…
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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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PARIS, March 5 (Reuters) – JPMorgan Chase & Co (JPM.N), opens new tab said on Tuesday it had joined France’s leading payments network Cartes Bancaires (CB), becoming the first U.S. bank to do so as it seeks to offer cheaper card payment…
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ZURICH, March 4 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab should pick an outsider to replace its departing chief Thomas Jordan, a report by a group which campaigns for accountability at the central bank said. SNB Vice Chairman Martin…
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March 4 (Reuters) – Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed, as troubles at New York Community Bancorp (NYCB.N), opens new tab rippled…
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Amid the ongoing conflict in Ukraine, Canada’s government has taken a groundbreaking step by allocating $4 million CAD toward a gender-inclusive landmine clearance initiative. This move, part of a broader $3.02 billion CAD support package for Ukraine, aims to address…
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WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line on China is one of…
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Feb 29 (Reuters) – Metro Bank (MTRO.L), opens new tab named Barclays executive Marc Page as its chief financial officer on Thursday, succeeding James Hopkinson who announced plans to step down last month. Page, who previously held senior roles at Lloyds Banking Group (LLOY.L),…
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ATHENS, March 3 (Reuters) – Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank (BOPr.AT), opens new tab owned by the country’s bank bailout fund HFSF, it said on Sunday. The securities regulator said the…
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Feb 29 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent…
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