Mt Gox collapse could ultimately help bitcoin cause: NY regulator
WASHINGTON (Reuters) – The collapse of the bitcoin exchange Mt. Gox is part of a struggle for survival that could ultimately strengthen the virtual currency industry, New York’s banking regulator said on Monday.
Bill Gates reclaims top of Forbes billionaire list from Slim
(Reuters) – Bill Gates has returned to the top of Forbes magazine’s annual list of the world’s richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.
JPMorgan pays $400 million to settle with Syncora over toxic loans
NEW YORK (Reuters) – JPMorgan Chase & Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer.
U.S. regulators seeking data on banks’ attempts to slim down
WASHINGTON (Reuters) – U.S. regulators are encouraging mega-banks to simplify their operations and they plan to compile data to track the financial firms’ progress, an official with the U.S. Office of the Comptroller of the Currency (OCC) said on Monda…
U.S. aviation regulator seeks auto-throttle fix for Boeing 737s
WASHINGTON (Reuters) – U.S. aviation regulators on Monday proposed a fix for some Boeing 737 planes to ensure that a faulty altimeter does not cause the automatic throttle system to unexpectedly cut engine speed.
With too few borrowers, Japan’s regional banks are urged to merge
TOKYO (Reuters) – Japanese regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside the nation’s major cities will leave lenders too weak to stand on their own.
RJ Reynolds considering bid for Lorillard: FT
(Reuters) – U.S. tobacco company RJ Reynolds is exploring a bid for rival Lorillard Inc , the Financial Times reported, citing people familiar with the situation.
U.S. auto sales flat, incentives could hit profit
DETROIT (Reuters) – U.S. auto sales in February finished even with the year-earlier period as hefty incentives to lure customers into dealerships late in the month could not overcome cold and snowy weather.
Finding nooks of growth in a sluggish Europe
(The writer is a Reuters columnist. The opinions expressed are his own.)
U.S. probes Citi over compliance with money laundering laws
(Reuters) – A federal grand jury is probing Citigroup Inc, including its Banamex USA affiliate, over compliance with the U.S. Bank Secrecy Act and regulations on money laundering, the company said.
