EU approves German state aid for closure of RWE power plants

[ad_1] European Union flags fly outside the European Commission in Brussels, Belgium, November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing Rights BRUSSELS, Dec 11 (Reuters) – The European Commission on…

Canada financial regulator maintains banks’ domestic stability buffer at 3.5%

[ad_1] [1/2]A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing Rights OTTAWA, Dec 8 (Reuters) – Canada’s financial regulator on Friday…

Insurers heavily exposed to climate change, global watchdog says

[ad_1] LONDON, Dec 6 (Reuters) – Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of…

U.S. bank CEOs expected to protest regulation push before Congress

[ad_1] [1/3]U.S. Bancorp President and CEO Andy Cecere, PNC Financial Services Group President and CEO William Demchak, JPMorgan Chase & Co President and CEO Jamie Dimon, Citigroup CEO Jane Fraser,…

Merck KGaA suffers major blow as MS drug fails in late-stage trials

[ad_1] [1/2]A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo Acquire Licensing Rights FRANKFURT, Dec 5 (Reuters) – Germany’s…

US crypto industry lobby spending on track for new record in 2023

[ad_1] Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights WASHINGTON, Dec 5…

PNC sees growth opportunity in capital-led market disruptions

[ad_1] PNC Financial Services Group President and CEO William Demchak testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks”…

Exclusive: Swiss authorities, banks mull new rules to prevent bank runs -sources

[ad_1] LONDON/ZURICH, Nov 3 (Reuters) – Swiss authorities and lenders, including UBS (UBSG.S), are discussing new measures to prevent bank runs after Credit Suisse’s rescue earlier this year, four sources…

Italy approves measures to boost energy security, renewable power

[ad_1] Electrical power pylons of high-tension electricity power lines are pictured in Pietrafitta, near Perugia, Italy, November 16, 2022. REUTERS/Yara Nardi/File Photo Acquire Licensing Rights Minister sees 27 billion euros…

EU keeps EastMed gas pipeline on new list of priority projects

[ad_1] MILAN, Nov 28 (Reuters) – The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its…