US funding rate spike could signal ‘quirk’ in its calculation, says Deutsche Bank
By Davide Barbuscia NEW YORK (Reuters) – A recent jump in a key U.S. overnight funding rate could be the result of a peculiarity in the way it is calculated,…
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Google’s Privacy Sandbox adoption costs burden small ad-tech firms, industry says (Sept.9)
(This Sept. 9 story has been corrected to say that Dennis Buchheim is the CEO of ThinkMedium, not CTO, in paragraph 17) By Akash Sriram and Harshita Mary Varghese (Reuters)…
Germany’s Commerzbank has a bumpy history with big M&A
By Tom Sims FRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank’s supervisory board meets next week, two people…
US single-family housing starts surge; building permits rise moderately
WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be sustained against the backdrop of…
Broker First Horizon to pay fine to settle US SEC charges, regulator says
NEW YORK (Reuters) – Broker-dealer First Horizon (NYSE:FHN) Advisors, Inc has agreed to pay a civil penalty of $325,000 in connection with its recommendations for certain products, the U.S. Securities…
Fed expected to guide for “larger sized” future interest rate cuts – Citi
Investing.com — The Federal Reserve will likely indicate on Wednesday that it plans to roll out “larger sized” interest rate reductions in the future, according to analysts at Citi. The Fed…
Any bank merger in Germany must create competitive lender, Bundesbank chief says
FRANKFURT (Reuters) – Any bank merger in Germany must create a competitive institution robust enough to support economic growth, Bundesbank chief Joachim Nagel said on Wednesday, just as UniCredit is…
U.S. government will likely avoid shutdown ‘at the last minute,’ Evercore says
Investing.com — Congress is facing a critical deadline to fund the federal government’s operations and avoid a shutdown. Lawmakers must reach an agreement by September 30 to prevent such a…
Big banks in Britain eyed by watchdog over low saving rates
LONDON (Reuters) – The largest banks in Britain are paying below-average interest rates for some savings accounts and face regulatory action if they fail to offer better value, the Financial…
Euro zone inflation not where ECB wants it to be, Bundesbank chief says
FRANKFURT (Reuters) – Euro zone inflation is still not as low as the European Central Bank would like, so interest rates need to remain sufficiently high to resolve price pressures,…