AMELIA ISLAND, Florida, May 24 (Reuters) – In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and…
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U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing US$100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between…
Read moreMay 15 (Reuters) – Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp (NYCB.N), opens new tab and added positions in Goldman Sachs (GS.N), opens new tab and JPMorgan Chase (JPM.N), opens new…
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Barclays and Asset Global Limited (AGL) are making a significant move into the private credit market, an industry currently valued at $1.7 trillion, with strategic investment from the Abu Dhabi Investment Authority (ADIA). This partnership marks a pivotal moment, aiming to…
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Russian banks’ record mortgage lending growth in 2023 shows signs of overheating in the sector, Alexander Danilov, director of the central bank’s banking regulation and analytics department, said on Tuesday. Bank’s mortgage loans portfolio grew by a record 34.5% last…
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The South African Reserve Bank (SARB) held its key interest rate steady on Thursday, but policymakers cited continued risks to the inflation outlook. The central bank kept its main lending rate unchanged at 8.25%, the second meeting in a row…
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The Democratic Party, which used to brag that it represented working people, is now the party for freeloaders and the uber-rich who don’t mind supporting them. That’s the major reason Democrats and Republicans in Washington were locked in a stalemate over…
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