Bain Capital's $551 million bid sends Estia Health shares to near 5-year high
By Rishav Chatterjee and Scott Murdoch Global private equity firm Bain Capital will pay A$838 million ($551.3 million)
2023-08-07 09:50
You'd have to work five lifetimes to make what your boss makes in one year, report shows
The gulf between a CEO's paycheck and their typical employee's has always been vast. But the advent of AI is already threatening to exacerbate that gap, enriching the C-suite at the expense of their employees, according to a new report from the AFL-CIO.
2023-08-04 05:57
JPMorgan says it expects to pay about $3 billion to help refill FDIC fund
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase expects to set aside about $3 billion to replenish the Federal Deposit
2023-08-04 05:54
Rampant DC dysfunction made America's credit downgrade inevitable
For only the second time in history, America lost its perfect rating on its long-term debt — the exact thing everyone said would happen when lawmakers decided to play chicken with the full faith and credit of the United States.
2023-08-03 17:24
Wells Fargo expects to pay $1.8 billion to help refill FDIC fund
NEW YORK (Reuters) -Wells Fargo said on Tuesday it expects to pay $1.8 billion to help replenish a government deposit
2023-08-02 10:53
Apple, Microsoft remain world's top 2 companies by market cap
Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of
2023-08-01 18:23
Exclusive-Banks vote to limit accounting of emissions in bond and stock sales -sources
By Tommy Wilkes LONDON Banks working to develop global standards on accounting for carbon emissions in bond or
2023-07-30 19:56
Newly unveiled banking regulation wouldn't have prevented this year's US bank failures
US bank regulators advanced proposals on Thursday aimed at safeguarding the nation's largest banks in the wake of three regional bank failures earlier this year. But it could make it harder and more expensive for consumers to get loans.
2023-07-28 05:46
US bank regulators announce sweeping proposals on capital rules
WASHINGTON (Reuters) -U.S. regulators unveiled a sweeping overhaul Thursday that would direct banks to set aside billions more in capital
2023-07-28 02:49
U.S. bank regulators unveil proposal to hike bank capital
WASHINGTON U.S. bank regulators released a proposal Thursday that would direct the nation's largest banks to raise their
2023-07-27 22:25
Bank of America CEO flags effects of higher capital requirements
By Jonathan Stempel and Tatiana Bautzer NEW YORK Bank of America CEO Brian Moynihan said U.S. authorities need
2023-07-27 21:24
US regulators to unveil plan for banks to build cash reserves
By Pete Schroeder WASHINGTON U.S. regulators are set to propose a rule that could significantly raise capital requirements
2023-07-27 12:22