Customer deposits need protection in no-deal Brexit: EU watchdog
The EU bank watchdog has urged member states to protect customer deposits in branches of British banks in the European Union if Britain leaves the bloc this month with no deal.
Take Five: U-turn if you want to! World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week, and the Reuters stories related to them.
Another Kroger unit to stop accepting Visa credit cards due to high fees
U.S. supermarket chain Kroger Co on Friday said its Smith’s Food and Drug Stores division will stop accepting Visa Inc’s credit cards, starting April 3, because of excessive transaction fees.
Wells Fargo officials reach $240 million settlement over bogus accounts
Wells Fargo & Co officials have reached a $240 million settlement of litigation accusing them of poor oversight, resulting in the creation of millions of unauthorized customer accounts.
Exclusive: Huawei plans billions in dividends for staff despite row with U.S. – sources
China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to company sources and Reuters calculations – a move expected to boost morale as it battles a U.S.-led drive aga…
Glencore highlights trade as ‘foremost risk’, others growing
Glencore said trade barriers are its “foremost risk”, but climate, political, legal and other potential dangers have become more pressing for the mining and trading group.
Gap shares surge 25 percent as Wall Street praises split
Gap Inc shares surged 25 percent on Friday as a number of Wall Street analysts lauded the company’s decision to separate its better-performing Old Navy brand.
EBay announces review of StubHub, Classifieds in deal with Elliott
EBay Inc on Friday announced a review of its StubHub and eBay Classifieds businesses and said it would appoint a director from Elliott Management to its board, as part of an agreement with the activist investor to avert a proxy contest.
India’s growth may decelerate further despite election spending
Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said.
Wall Street futures bounce as focus shifts to inflation, factory data
U.S. stock index futures bounced on Friday, setting up Wall Street’s main indexes for gains at the open, with investors waiting for data on inflation and manufacturing activity.
