Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

LIC’s $2.7 billion IPO in India was subscribed 67% on day one

Investors bid for 108.7 million shares vs. 162.1 million offered Insured, IPO Employee Portions Oversubscribed Stock market falls as RBI hikes rates MUMBAI, May 4 (Reuters) – The $2.7 billion IPO of Life Insurance Corp (LIC), India’s largest public issue, was 67% subscribed on the first day of the call. offers, even as a surprise … Read more

Launch into space? Not so fast. Insurers balk at new coverage

September 1 (Reuters) – An ever-growing amount of space debris threatens satellites hovering around Earth, making insurers reluctant to offer cover to devices that transmit text, maps, video and scientific data , said industry sources. Thousands of new satellites are being launched into areas where orbital trash has been piling up since the first space … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more

Wall St ends lower as investors await further earnings hints

Bank of America boosts the S&P 500 Twitter wins after adopting ‘poison pill’ Didi to meet on US delisting plans, stocks fall Indices down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – U.S. stocks closed lower on Monday after a session in which all three benchmarks slid between positive and negative territory as … Read more

Citigroup lowers its forecast of potential losses in Russia

A view of the exterior of the Citibank headquarters in New York, New York, U.S., May 20, 2015. REUTERS/Mike Segar/File Photo Join now for FREE unlimited access to Reuters.com Register Citi adds $1.9 billion in Ukraine crisis reserves Investment banking revenue plummets following slowdown in SPACs Bank returns $4 billion to shareholders Stocks gain 1.4% … Read more

US banks are accumulating inflation risk reserves, Russia; exchange a bright spot

WASHINGTON, April 14 (Reuters) – Some major U.S. banks have resumed hoarding cash to cushion potential loan losses amid growing concerns over the war in Ukraine and the impact of inflation on the U.S. economy, although the trade continues to be a bright spot for Wall Rue. JPMorgan Chase & Co (JPM.N)Goldman Sachs Group Inc. … Read more

US stocks fall as rising bond yields hit growth stocks

Twitter slips on Elon Musk’s $43 billion takeover bid Big banks beat expectations and report profit declines All three major US stock indices post weekly declines Indices down: Dow 0.33%, S&P 1.21%, Nasdaq 2.14% NEW YORK, April 14 (Reuters) – Wall Street closed lower on Thursday at the end of a holiday-shortened week as bond … Read more

Exclusive: Russian companies and global banks could profit from write-off of certificates of deposit

An illustration shows U.S. dollar and Russian ruble banknotes in Sarajevo, March 9, 2015. REUTERS/Dado Ruvic/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, April 14 (Reuters) – Russian companies and global banks, including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan, could benefit if Moscow decides to delist Russian companies’ certificates … Read more