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By Pete Schroeder WASHINGTON (Reuters) -Federal Deposit Insurance Corporation Chairman Martin Gruenberg will retire effective Jan. 19, he told colleagues on Tuesday, clearing the way for Republican President-elect Donald Trump to name new leadership to one of the top U.S. bank regulators. The pending departure of Gruenberg, a Democrat and…
Investing.com — Donald Trump’s anticipated second term could redefine the trajectory of AI space in the United States. While there was a strong continuity between Trump’s AI policies in his first term and Joe Biden’s term, the former president’s rapport with tech executives, criticism of regulation, and a tougher stance…
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore…
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) – The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists…
By Mathieu Rosemain PARIS (Reuters) – French bank Credit Agricole (OTC:) SA reported a smaller-than-expected drop in third quarter net profit on Wednesday after a record three months for its investment bankers offset weakness at some of its retail businesses. Net profit at France’s second-largest listed lender by market value…
Investing.com – European stock markets traded in a mixed fashion Monday, at the start of an action-packed week that includes a US presidential election, interest rate decisions from the Federal Reserve and Bank of England, as well as more quarterly corporate earnings. At 09:45 ET (14:45 GMT), the in Germany…
By Mathieu Rosemain PARIS (Reuters) – BNP Paribas (OTC:) said on Thursday that increased trading activity at its investment banking division helped it meet profit forecasts in the third quarter, after its consumer finance and car-leasing businesses disappointed. The French bank, the euro zone’s largest lender, delivered a mixed bag…
Adrian Teh secured a job offer with a top UK law firm in August 2023, two years before graduating.But instead of taking a break, Teh interned at a US bank during his last summer off.He secured a return offer and is now opting for a career in investment banking instead.…
Investing.com — In a note to clients published Tuesday, Danske Bank analysts discussed how the upcoming US presidential election could impact the relations between the US and China going forward. The report indicates that, regardless of the outcome, the rivalry between the two nations is set to intensify, with Taiwan…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Tuesday said the federal government may prosecute Turkey’s Halkbank on charges it helped Iran evade American sanctions, rejecting the state-owned lender’s argument that it deserved immunity. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals found no…
