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Over 70% of Investors Optimistic About Debt Ceiling Standoff Resolution Before ‘X-date’

The debt ceiling debate isn’t worrying Wall Street yet. In Bank of America’s latest fund manager survey, 71% of investors said they expect a...

French Tax Agency demands €2.5 billion from banks over tax evasion allegations

France’s tax authority is seeking €2.5 billion ($2.7 billion) in back taxes from French banks over their roles in a dividend arbitrage strategy known...

Oil Settles Lower as Tighter Supplies Compete with Concerns Over Rate Hikes

Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced...

Ueda Takes Over BOJ Governorship in Historic Leadership Shift

Kazuo Ueda took over the reins at the Bank of Japan, replacing Haruhiko Kuroda, whose decade-long aggressive easing efforts made the central bank capable...

Goldman Sachs Discovers Diminished Public Concern Over Bank Crisis

Goldman Sachs said in a new research note that public concern about turmoil in the banking system has "faded" in the weeks since the...

‘Party animal’ VC from Silicon Valley faces retrial over fraud charges

Mike Rothenberg, the venture capitalist once described as Silicon Valley’s “party animal,” faces a new criminal trial after a jury failed to reach a...

World Bank may offer $50 billion more in loans over the next decade through reform

The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead...

KPMG and Goldman Sachs sued over SVB failure by investors

KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley...

Congress grills US regulators over bank collapses

A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a "terrible" job of managing risk before its collapse,...

Bank offices raided in France by financial prosecutors over dividend stripping, spokesperson confirms

French authorities on Tuesday searched offices of several large banks, including Societe Generale, BNP Paribas and HSBC on the suspicion of money laundering and...

Uncertainty over banks and Fed policies weighs heavily on US stock market

Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector...

European leaders confront banking crisis while market turmoil looms over Brussels summit

European leaders on Friday were keen to stress that the region’s banking sector was stable and sound following Deutsche Bank’s sudden slide as markets...

Markets in an uproar over AT1 bank bond: a brief explanation

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse...

Inflation Battle Continues: Fed Indicates Fight Is Not Over

The market is adamant that we’re living in historic times, so it’s best to treat them accordingly. The weekend saw a package of measures...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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