Bank Of America Enlists Thousands Of Employees For Wealth Lending Group
Bank of America Corp created a new group in its global wealth and investment management division to focus on lending to rich clients, the company told Reuters on Monday.
Auction To Be Held On Russia Debt Default Insurance
Auction to be held on Russia debt default insurance
Setting Up a Limited Company Checklist: A Guide for Beginners
This article discusses the benefits, costs, taxes, and the amount of time it takes to set up a limited company.
Murmurs Of 'Sterling Crisis' No Longer Fanciful: Mike Dolan
Even though fears of another "sterling crisis" have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm.
Truss to meet cabinet, face MPs on first full day in power
Truss, who officially became leader Tuesday at an audience with head of state Queen Elizabeth II in Scotland after the resignation of Boris Johnson, is set to meet her top team at a morning meeting.
Britain's Lloyds racks up $350 million of likely scam COVID loans
Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.
U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S.
More European energy firms get state aid as prices soar
Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.
Era of through-the-roof house prices in Australia set to end: Reuters poll
Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.
Factbox-Europe's efforts to shield households from soaring energy costs
Europe faces massive increases in energy bills driven by rocketing gas prices as the Ukraine conflict and European sanctions on Russia heighten concerns over gas supplies.
UK has classified $1.3 billion of COVID 'bounce back' loans as suspected fraud: source
The British government is set to release data showing around 1.1 billion pounds of small business loans ($1.27 billion) made under a COVID-19 emergency lending scheme has already been classified as suspected fraud, a source told Reuters.
Bankrupt Sri Lanka's Deposed President 'To Return Home'
Bankrupt Sri Lanka's deposed president 'to return home'
Universities call for a tuition fee rise – here's what that would mean for students and taxpayers
Universities call for a tuition fee rise – here's what that would mean for students and taxpayers
Australia's Property Downturn Puts Home Buyers In Double Mortgage Bind
Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.
IMF Agrees To $2.9 Bn Bailout For Bankrupt Sri Lanka
IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka
Disadvantaged students starting courses in 2022 are worse off as a result of COVID – universities must support them
Disadvantaged students starting courses in 2022 are worse off as a result of COVID – universities must support them
HSBC hires Justin Wu as Asia-Pacific co-head of climate change
HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region, a memo to staff seen by Reuters showed.
Former Pakistan PM Khan Granted Bail By Anti-terror Court
Former Pakistan PM Khan granted bail by anti-terror court
U.S. Student Loan Forgiveness Has Borrowers Hoping For Vacations, Medical School
Americans bearing heavy college debt loads welcomed U.S.
Canada's TD, CIBC Profits Beat Estimates; Loan Growth Offsets Higher Costs, Provisions
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce posted better-than-expected third-quarter profits on Thursday, with the former driven by lower provisions for credit losses (PCL) than anticipated, and the latter's due to better revenues than predicted.
Sri Lanka Widens Import Ban As Economic Crisis Persists
Sri Lanka widens import ban as economic crisis persists
China Developer Shimao Looks To Repay $11.8 Billion Debt Over 3-8 Years -sources
Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, according to two sources with direct knowledge of the matter and a document seen by Reuters.
Europe's energy woes haunt euro, Asian stocks
Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows.
Bangladesh To Cut School, Office Hours To Save Power
Bangladesh will close schools for one extra day a week and cut office timings by an hour to save power, a government official said on Monday, as the country battles a shortage after shutting down all of its diesel-run power plants.
Trump Executive Pleads Guilty To Tax Fraud, Will Testify At Upcoming Trial
Trump executive pleads guilty to tax fraud, will testify at upcoming trial
Online discounts boost struggling UK retailers in July
British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed on Friday, but sales volumes look set to resume their decline as households face the highest inflation in 40 years.
UK cost-of-living crisis prompts warning to 'buy now, pay later' lenders
Britain's financial watchdog has told firms offering 'buy now, pay later' loans to spell out the cost of late repayments to customers as the UK cost-of-living crisis intensifies.
Pummelled by gas crisis, Germany's Uniper posts $12.5 billion net loss
German utility Uniper reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could return to profit.
Analysis-China Central Bank, Under Pressure To Ease, Is Hemmed-in By Inflation, Fed Jitters
China's central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said.
Top 3 Alternative Asset Investment Platforms to Create a Recession-Proof Portfolio
Investing in alternative assets could offer portfolio protection from uncertain and volatile markets.