US regulator to propose strengthened rules for banks working with fintechs
By Hannah Lang (Reuters) – A top U.S. banking regulator is set to propose that banks bolster recordkeeping requirements for…
Bank of Spain ups 2024 economic growth forecast, again
MADRID (Reuters) – Spain’s central bank on Tuesday raised this year’s economic growth forecast to 2.8% from 2.3% expected previously,…
Fed to go big on first rate cut, traders bet
By Ann Saphir (Reuters) – Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest…
US manufacturing output rebounds in August
WASHINGTON (Reuters) – Production at U.S. factories surged in August amid a rebound in motor vehicle output, but data for…
Italian, Latvian to make sure EU recovery fund billions get spent
By Jan Strupczewski BRUSSELS (Reuters) – Italy’s Raffaele Fitto and Latvia’s Valdis Dombrovskis were asked by European Commission head Ursula…
US watchdog warns banks about customer consent for overdraft fees
(Reuters) – The top U.S. regulator for consumer finance on Tuesday published legal guidance that it said would help stop…
Von der Leyen names new European Commission with focus on security, competitiveness
By Ingrid Melander and Philip Blenkinsop STRASBOURG, France (Reuters) – European Commission chief Ursula von der Leyen on Tuesday named…
S&P 500 on track for first record close since July
(Reuters) – The S&P 500 rose to an all-time intraday high on Tuesday and was on track for a record…
UBS industry customers increasingly critical, survey finds
By John Revill ZURICH (Reuters) – Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS,…
US interest rate futures see higher odds of super-sized Fed move
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the fed funds rate, which measures the cost of unsecured overnight…