Tag: Economy

© Reuters. FILE PHOTO: People walk past the Bank of England during morning rush hour, amid the coronavirus disease (COVID-19) pandemic in London, Britain, July 29, 2021. REUTERS/Henry Nicholls/File Photo By Jonathan Cable LONDON (Reuters) – The Bank of England will be the first major central bank to raise interest rates in the post-pandemic cycle…

Banc of California, Inc. (BANC) – Get Banc of California Incorporated Report (the “Company” or “Banc of California”), the holding company of Banc of California, N.A. (the “Bank”), announced today the completion of its acquisition of Pacific Mercantile Bancorp (PMBC) – Get Pacific Mercantile Bancorp Report (“Pacific Mercantile”) effective as of October 18, 2021. Following…

© Reuters. FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS LONDON (Reuters) -Bank of England Governor Andrew Bailey sent a fresh signal on Sunday that the British central bank…

© Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann By Julia Payne LONDON (Reuters) -Glencore and a consortium of banks have started talks with Chad over the restructuring of the country’s more than $1 billion commercial debt, according…

© Reuters. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo By David Randall NEW YORK (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the week…

© Reuters. FILE PHOTO: People walk at the door of a Sabadell bank office in Barcelona, Spain, September 7, 2021. REUTERS/Albert Gea/File Photo MADRID (Reuters) – Spanish bank Sabadell has reached an agreement with unions to lay off up to 1,605 employees in its home market, fewer than the initially planned more than 1,900, the…

2/2 © Reuters. FILE PHOTO: The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu/File Photo 2/2 By Andrew Galbraith SHANGHAI (Reuters) -The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on…

CHARLOTTE, N.C., Oct. 14, 2021 /PRNewswire/ — Lawyers who represent more than 30,000 women who have filed lawsuits against Johnson & Johnson (JNJ) – Get Johnson & Johnson (JNJ) Report in connection with its defective talc body powders, including the iconic Johnson’s Baby Powder, say they will resist J&J’s decision to use bankruptcy to avoid…

© Reuters. FILE PHOTO: Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday called for “strong action” by international financial institutions to protect data integrity and prevent…

An initial study on a new cross-border railway linking Hong Kong and Shenzhen’s Qianhai economic zone is expected to conclude next year, the local transport minister said on Thursday. Secretary for Transport and Housing Frank Chan Fan said on a radio show a special office would discuss matters relating to the railway link with mainland…