Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's
2023-07-24 23:48
US FDIC calls on banks to fix 'inaccurate' financial statements
The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday called on some banks to fix their financial statements
2023-07-24 22:29
U.S. business activity growth slows as services soften
By Safiyah Riddle U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector
2023-07-24 21:58
AMC shares jump as stock conversion plan halted, preferred shares slide
Meme stock AMC Entertainment Holdings soared in premarket trading on Monday after a judge blocked the theater chain's
2023-07-24 18:59
Explainer-What is the 'Basel III endgame' and why are banks worked up about it?
By Pete Schroeder WASHINGTON U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital
2023-07-24 18:25
Futures edge up ahead of more Big Tech earnings, Fed decision
U.S. stock index futures inched higher on Monday as earnings from megacap growth and technology companies roll in
2023-07-24 17:54
Relentless U.S. stock rally faces Fed test
By David Randall NEW YORK A U.S. stocks rally faces a potential inflection point next week as the
2023-07-22 09:26
Booz Allen to pay $377.4 million to settle US charges over past billing practices
By Kanishka Singh WASHINGTON U.S.-based consulting firm Booz Allen Hamilton Holding agreed to pay the United States $377.4
2023-07-22 05:53
US banks' reserves steady, assuaging liquidity drainage fears
By Davide Barbuscia NEW YORK A feared liquidity drainage in the U.S. banking system as the Treasury refills
2023-07-22 02:20
Shifting trends in travel demand bedevil US airlines
By Rajesh Kumar Singh CHICAGO Consumers continue to splurge on air tickets. But travel patterns are shifting so
2023-07-22 00:27
Factbox-U.S. banks increase reserves for commercial real estate exposure
By Matt Tracy The U.S. commercial property market has faced severe challenges since the pandemic due to lingering
2023-07-21 23:54
US couple accused of laundering crypto from Bitfinex hack reach plea deal
NEW YORK An American couple accused of laundering $4.5 billion in cryptocurrency stolen from the 2016 hacking of
2023-07-21 23:45