Page 9 - Anna Driver News Today

Four years after Goldman Sachs introduced a credit card with Apple, the Wall Street giant faces a costly exit from a partnership that is seen by other lenders as too risky and unprofitable. ...

At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors. The changes made by the companies p...

By Jody Godoy and Disha Raychaudhuri (Reuters) - At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost raci...

By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) - Four years after Goldman Sachs introduced a credit card with Apple, the Wall Street giant faces ...

A Chinese chip designer, part-owned by the country's top sanctioned chipmaker, is purchasing U.S. software and has American financial backing, relationships that underscore the difficulty Washington faces applying new rules meant to block American support for Beijing's semiconductor industry. The company, Brite Semiconductor, offers chip design services to at least six Chinese military suppliers, a Reuters examination of company statements, regulatory filings, tenders and academic art...

A spike in repurchase agreements, or repo, where investors borrow against Treasury and other collateral, can be a sign that cash is getting scarce. Eventually, the elevated level of the interest rate, called the Treasury GCF Repo Index, between Nov. 30 and Dec. 4 was explained by factors other than cash scarcity, such as month's end book-closing by banks and hedge fund trading, interviews with more than half a dozen bank executives and market participants show. But it set Wall Street abuz...

U.S. short-term financing markets saw a three-day spike in interest rates at month-end. Thats left Wall Street wondering whether the financial system is running out of cash. A spike in...

Exxon Mobil CEO Darren Woods first five years at the oil company were marred by missed oil production targets, an investor rebellion and the companys biggest-ever financial loss.

U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix problems that could lead to more bank failures, banking industry sources said. The changes follow the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank earlier this year after depositor runs sparked, in part, by worries that high interest rates would hurt bank balance sheets.

(Reuters) -Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss. Exxon's stock has underperformed rival Chevron over the course of Woods' tenure as CEO. Now, his biggest challenge lies ahead as he executes a strategy to compete for investors demanding high returns and lower greenhouse gas emissions.