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Bank CEOs, huddled in private in Davos, worry about competition, economy

Bank CEOs, huddled in private in Davos, worry about competition, economy

© Reuters. JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. REUTERS/Evelyn Hockstein/F   JPM -0.54% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully…

Yellen says US economic performance ‘vindicates’ pandemic-era spending

Yellen says US economic performance ‘vindicates’ pandemic-era spending

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, U.S., June 8, 2022. REUTERS/Jonathan Ernst By David Lawder WASHINGTON (Reuters) -The U.S. Treasury Secretary Janet Yellen said on Wednesday the economy’s strong performance is…

South Korea says it will impose fines on two global banks for short-selling violations

South Korea says it will impose fines on two global banks for short-selling violations

© Reuters SEOUL (Reuters) – South Korea’s financial regulator on Sunday said it plans to impose penalties on two unnamed global investment banks it is investigating. The Financial Services Commission said it found two global investment banks were engaged in the practice of naked short-selling transactions, which involves selling shares without borrowing them first. The…

Moody’s revises Turkey’s outlook to positive on decisive change in economic policy

Moody’s revises Turkey’s outlook to positive on decisive change in economic policy

© Reuters. FILE PHOTO: Skyscrapers in the Maslak business and financial district in Istanbul, Turkey, January 23, 2020. REUTERS/Murad Sezer/File Photo   MCO +0.79% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10 1:25…