Fed’s Tarullo warns against ‘backsliding’ on bank regulations
WASHINGTON (Reuters) – U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday.
United to pay $2.4 million over ‘Chairman’s Flight’: U.S. SEC
WASHINGTON (Reuters) – United Airlines’ parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, t…
Deutsche Bank cuts ties with 3,400 clients in trading business
FRANKFURT (Reuters) – Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial insti…
Lufthansa’s Eurowings in pay deal with cabin crew
FRANKFURT (Reuters) – German airline Lufthansa’s budget carrier Eurowings has reached an agreement over pay with cabin crew staff, trade union Verdi said on Friday, staving off further strikes.
Trump’s dilemma: slower job growth or rising rates and inflation?
WASHINGTON (Reuters) – A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump’s plans to goose the economy and the Federal Reserve’s efforts to tap the brakes with higher int…
Investor Cuban to testify at Senate hearing on AT&T-Time Warner deal
WASHINGTON (Reuters) – Billionaire investor Mark Cuban will be among the witnesses scheduled to testify at a U.S. Senate Judiciary panel hearing on Dec. 7 on AT&T Inc’s proposed $85.4 billion acquisition of Time Warner Inc .
Exclusive: Stagger Brexit over years or we could leave – Banks to Britain
LONDON (Reuters) – Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with t…
Brazil court calls McDonald’s to hearing for alleged labor violations
SAO PAULO (Reuters) – Brazilian labor authorities on Friday called local McDonald’s Corp representatives to a hearing on Dec. 13 over alleged violations of the country’s labor laws, and said they could impose fines of up to 103 million reais ($30 mil…
Buffett’s Berkshire is urged to sell fossil fuel stocks
(Reuters) – A Nebraska nonprofit on Friday said it will propose that Warren Buffett’s Berkshire Hathaway Inc sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years.
Ford recalls 680,000 vehicles including Fusion, MKZ
(Reuters) – Ford Motor Co said on Friday it will recall about 680,000 of its Ford Fusion and Lincoln MKZ sedans to fix a seat belt issue.
