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October 22, 2021

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EXCLUSIVE JPMorgan’s Dimon cautions a U.S. default would be ‘potentially catastrophic’

Reuters
Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit during a panel discussion at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018. REUTERS/Brian Snyder/File Photo WASHINGTON, Sept 28 (Reuters) – JPMorgan Chase & Co (JPM.N) has......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

BOJ rolls out climate scheme, to disburse first loans late December

Reuters
A man wearing a protective mask stands in front of the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo BOJ will begin accepting applications from Wednesday BOJ says to offer climate loans twice a year Financial institutions required to......

UK takes friendly fire in latest vaccine spat

Reuters
A nurse fills a syringe with Pfizer vaccine as mobile vaccination teams begin visiting every Los Angeles Unified middle and high school campus to deliver first and second doses of the coronavirus disease (COVID-19) vaccines in Los Angeles, California, U.S., August 30, 2021. REUTERS/Mike Blake/File Photo LONDON, Sept 13 (Reuters......

Launching into space? Not so fast. Insurers balk at new coverage

Reuters
Sept 1 (Reuters) – An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific data, industry sources said. Thousands of new satellites are being launched into areas where orbital rubbish has......

Buffett-backed Nubank to seek IPO valuation of over $55 bln -sources

Reuters
The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker BANGALORE/SAO PAULO, Aug 25 (Reuters) – Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the......

Santander US holding to buy 20% of U.S. consumer unit for $2.5 bln

Reuters
Bank raises offer to $41.5 p/shr in cash for about 20% of SC US Marks a 14% premium to day before deal was announced on July 1 Deal will have capital impact of 10 bps on bank’s group capital MADRID, Aug 24 (Reuters) – Santander’s U.S. business is to buy......

Appeals court rejects latest bid to halt U.S. eviction moratorium

Reuters
WASHINGTON, Aug 20 (Reuters) – A federal appeals court on Friday rejected a bid by groups representing landlords to halt the latest moratorium on residential evictions imposed by President Joe Biden’s administration, setting up a U.S. Supreme Court showdown. In a written order, the U.S. Court of Appeals for the......

UK court sets scene for $14 bln-plus class action against Mastercard

Reuters
Britain’s first consumer class action authorised UK Supreme Court overruled objections to case in December Claimants allege Mastercard overcharged 46 million people LONDON, Aug 18 (Reuters) – A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard (MA.N) that claimants said......

Australia’s red-hot housing to get hotter, affordability to worsen

Reuters
The Sydney Opera House and city centre skyline are seen in Sydney, Australia, February 28, 2020. REUTERS/Loren Elliott cpurl://apps.cp./cms/?pageId=house-poll poll data Reuters poll graphics on the Australian housing market outlook: https://tmsnrt.rs/3k1UZpD BENGALURU, Aug 19 (Reuters) – Red-hot Australian house prices will heat up even more this year and next thanks......

India’s HDFC Bank sets ambitious target for card issuance, source says

Reuters
The headquarters of India’s HDFC bank is pictured in Mumbai, India, December 4, 2015. REUTERS/Shailesh Andrade/File Photo MUMBAI, Aug 18 (Reuters) – India’s most valuable lender HDFC Bank (HDBK.NS) has set out an ambitious plan to more than double monthly card issuance from September after the central bank lifted a......

Bank Hapoalim profit jumps as it unwinds loss provisions

Reuters
A man enters the main branch of Bank Hapoalim in Tel Aviv, Israel July 18, 2016. REUTERS/Amir Cohen Q2 net 1.42 billion shekels vs f’cast 1.03 billion Net interest income 2.51 billion shekels vs year-ago 2.17 bln Shares down 1.5% JERUSALEM, Aug 16 (Reuters) – Bank Hapoalim (POLI.TA) reported a......

U.S. pending home sales decline in June as prices climb

Reuters
A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey July 29 (Reuters) – Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in......

Lloyds restores dividend as profits rebound on sunnier outlook

Reuters
H1 pretax profit 3.9 billion pounds Bank buys wealth platform Embark Dividend restored as bad loan fears recede LONDON, July 29 (Reuters) – Lloyds Banking Group (LLOY.L) swung to a first-half profit on Thursday and announced an interim dividend, boosted by a house-buying frenzy and improved economic outlook in Britain.......

Websites of airlines, banks, tech companies back online after brief global outage

Reuters
July 22 (Reuters) – Several airlines, banks and technology websites were coming back online on Thursday afternoon after a brief outage, the third such widespread incident noted in just a span of two months, raising alarms across social media. Websites of Delta Air Lines (DAL.N), Costco Wholesale Corp (COST.O), American......

Euro zone banks see small tightening of credit standards in Q3

Reuters
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT, July 20 (Reuters) – Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or......

Morgan Stanley profit rises on capital market, deal-making boom

Reuters
July 15 (Reuters) – Morgan Stanley (MS.N) reported a more than 11% jump in quarterly profit on Thursday, as its investment banking business benefited from record levels of activity in deal making and capital markets. The Wall Street bank said its net income applicable to common shareholders rose to $3.4......

Citigroup trounces profit estimates as economic recovery spurs reserve release

Reuters
July 14 (Reuters) – Citigroup Inc (C.N) comfortably beat market estimates for second-quarter profit on Wednesday, as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending. For the quarter ended June 30, net income jumped......

Apple’s potential ‘buy now, pay later’ plan sends sector tumbling

Reuters
A shopper uses the mobile payment service Apple Pay at a supermarket, amid the coronavirus disease (COVID-19) outbreak, in Ronda, southern Spain October 9, 2020. REUTERS/Jon Nazca Apple, Goldman Sachs plan BNPL service – Bloomberg Afterpay, Zip and Sezzle slide around 10% each Affirm falls as much as 14% in......

JPMorgan 2Q profit soars on pandemic recovery but questions linger over lending outlook

Reuters
July 13 (Reuters) – JPMorgan Chase & Co (JPM.N)second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on Tuesday that the sunny outlook would not make for blockbuster revenues in the short term due to low interests rates, weak loan demand and a slowdown in......

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