LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house prices and the value of bonds whic[...]
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Top News
U.S. banks point to resilient but slowing economy, flag risks ahead
By Noor Zainab Hussain, Tatiana Bautzer and Saeed Azhar (Reuters) -Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient economy,[...]
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Analysis-Smaller UK firms attractive targets for PE buyouts
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to[...]
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Poor GenXers without dependents targeted by US debt ceiling work requirements
WASHINGTON (Reuters) – The debt ceiling deal that U.S. President Joe Biden and House Republican Kevin McCarthy agreed over the weekend adds new conditions to food aid that will impact one segmen[...]
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From mangoes to luxury watches, Indians look to offload 2,000-rupee notes
By Siddhi Nayak and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) -Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee ($24.46) n[...]
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Analysis-Overexposed US regional banks could sell commercial property loans
By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to th[...]
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Regulators seize First Republic Bank, sell assets to JPMorgan
By Scott Murdoch, Niket Nishant and Chris Prentice (Reuters) -Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank[...]
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Top US banks face little investor pressure on fossil-fuel financing
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate acti[...]
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More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source
By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales p[...]
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