FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
By Jonathan Stempel (Reuters) – The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse,
Yen set for best week in over a month on BOJ rate hike bets
By Ankur Banerjee SINGAPORE (Reuters) – The yen was poised for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot ahead of
China’s new home prices steady for the first time in 1-1/2 years after stimulus push
BEIJING (Reuters) – China’s new homes prices were flat month-on-month in December, official data showed on Friday, after the government rolled out multiple rounds of stimulus measures to lift the property sector from a prolonged slump. New home prices were steady
Trump’s Treasury pick Bessent says US must keep oversight of Treasuries
NEW YORK (Reuters) – The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump’s Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick’s plan to clear
Advertisers with ‘hair on fire’ brace for US TikTok ban
By Katie Paul NEW YORK – Advertisers reliant on TikTok as a major digital marketing tool rushed to prepare contingency plans this week, as the realization dawned on many that the popular Chinese-owned social media app may not be saved before