[ad_1] March 30 (Reuters) – Wells Fargo & Co (WFC.N) will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S.…
Tag: GOVACT
Italy PM’s party presents bill to split retail and investment banks
[ad_1] The move comes in the wake of fresh global financial turmoil Chief proponent confident bill could be successful Meloni had sponsored similar reform when in opposition ROME, March 29…
Oil drops 1% as US in no rush to refill strategic reserve
[ad_1] US Energy Sec Granholm says refilling SPR likely to take years Dollar falls to lowest since Feb 3 Policymakers signal slowdown in interest rate hikes by U.S. Fed Gasoline…
China to talk with Ghana over debt restructuring proposal -foreign ministry
[ad_1] BEIJING, March 23 (Reuters) – China would like to enhance communications with Ghana to seek proper resolution of Ghana’s debt issue, its foreign ministry said on Thursday, Spokesperson Wang…
U.S. prosecutors probing collapse of Silicon Valley Bank
[ad_1] March 14 (Reuters) – U.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm’s sudden…
Biden administration approves massive Willow oil project in Alaska
[ad_1] LOS ANGELES/WASHINGTON, March 13 (Reuters) – The Biden administration is approving a scaled-back version of ConocoPhillips’ (COP.N) $7 billion oil and gas drilling Willow project in Alaska, the U.S.…
Regulators close Signature bank, announce plan to make depositors whole
[ad_1] March 12 (Reuters) – New York state’s Department of Financial Services said on Sunday it has taken possession of New York-based Signature Bank (SBNY.O) and appointed the U.S. Federal…
Shein, Temu in fierce fight over US market for $10 dresses
[ad_1] NEW YORK/SHANGHAI, March 9 (Reuters) – Online fast-fashion retailer SHEIN and its newer rival Temu are in a race to win shoppers’ attention for their inexpensive China-made goods. The…