Tag: PRIVATE
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Alibaba founder Jack Ma returns to China, ending a year abroad -SCMP
BEIJING, March 27 (Reuters) – The founder of Alibaba (9988.HK), Jack Ma, has returned to China, the South China Morning Post (SCMP) reported Monday. the sober mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 and has been seen in photos in Japan, Australia and Thailand in […]
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Australia’s Latitude Group says 7.9 million driver’s license numbers have been stolen in data theft
Data theft far greater than declared on March 16 Driver’s license, passport numbers, customer data stolen Shares fall 2.5% March 27 (Reuters) – Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) said hackers stole nearly 8 million Australian and New Zealand driver’s license numbers in one of the country’s largest confirmed data breaches, sending […]
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Bank stress is pushing the US closer to recession, says Kashkari
WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is under close scrutiny due to its potential to trigger a credit crunch, a US Federal Reserve policymaker said on Sunday, while a European Central Bank official also suggested a possible credit tightening. . Authorities around the world are on high alert about the fallout […]
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Biden said federal deposit insurance could be tapped further if banks fail
OTTAWA, March 24 (Reuters) – President Joe Biden said Friday that federal deposit insurance could be tapped for deposits over $250,000 if other US banks fail, expressing confidence that medium-sized US banks would ease industry tensions. to survive. Biden said US banks are in “quite” good shape, people’s savings were safe and he didn’t see […]
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Caught between markets and the US Congress, Yellen adjusts the bank’s security message
WASHINGTON, March 23 (Reuters) – For the fourth time in a week, US Treasury Secretary Janet Yellen took to the microphone on Thursday to reassure Americans that the US banking system is safe, each time with a subtle shift in the message. But bankers and Wall Street never heard what they desperately wanted: for the […]
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Exclusive: Citizens Financial eyes bid on SVB private bank, sources say
NEW YORK, March 23 (Reuters) – Citizens Financial Group Inc (CFG.N) is preparing a bid to acquire the private banking business of bankrupt Silicon Valley Bank, two people familiar with the matter said Thursday. Citizens, one of the largest regional banks in the US, is preparing to bid for the auction of the company, which […]
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Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse
March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]
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The US SEC threatens to sue Coinbase for some crypto products
March 22 (Reuters) – The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, straining the largely unregulated industry to stand. Shares of Coinbase fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it […]
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US mortgage rates fall the most in 4 months in the wake of the SVB, says MBA
22 March (Reuters) – Last week’s turmoil in the banking sector had at least one silver lining for US homebuyers: lower mortgage rates. Interest rates on America’s most popular home loan fell the most in four months last week following the bankruptcy of Silicon Valley Bank and emergency measures taken to support the broader banking […]