Verizon, AT&T to get full use of C-band, expand some 5G protections – letter

WASHINGTON, March 31 (Reuters) – Four major US mobile carriers told the Federal Communications Commission (FCC) late Friday that they had agreed to a number of voluntary actions to address aviation safety concerns and allow full use of the C-Band wireless spectrum for 5G use. ‚ÄúThese voluntary commitments support full-power deployments in the C-Band and … Read more

Exclusive: US regulator aims to sell Silicon Valley Bank, Signature Bank portfolios, sources say

NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell the securities portfolios rejected by the new owners of the bankrupt Silicon Valley Bank and Signature Bank, according to people in the know with the case. The portfolios consist of low-interest assets, such as government bonds and U.S. … Read more

The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5

March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit … Read more

JPMorgan’s Jamie Dimon to be impeached in Epstein case, prosecutors’ attorney says

March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according … Read more

Nestle to investigate banking relationships after Credit Suisse collapse

ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, … Read more

Research shows that China has spent $240 billion on bailing out Belt & Road countries

JOHANNESBURG, March 28 (Reuters) – China has spent $240 billion between 2008 and 2021 to bail out 22 developing countries, with the amount soaring in recent years as more people have struggled to repay loans spent on building of “Belt & Road” infrastructure, according to a study published Tuesday. Nearly 80% of bailout loans were … Read more

Biggest strike in decades shuts down Germany

BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany shut down on Monday morning, causing disruption for millions at the start of the working week in one of the biggest strikes in decades as Europe’s largest economy teeters from inflation. The 24-hour strikes called by the Verdi trade union and the … Read more

Australia’s Latitude Group says 7.9 million driver’s license numbers have been stolen in data theft

Data theft far greater than declared on March 16 Driver’s license, passport numbers, customer data stolen Shares fall 2.5% March 27 (Reuters) – Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) said hackers stole nearly 8 million Australian and New Zealand driver’s license numbers in one of the country’s largest confirmed data breaches, sending … Read more

As confidence in the banking sector faltered, central banks called for more

NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions by central banks to restore financial stability as they fear the turmoil in the global banking sector will continue amid rising interest rates. After the collapse of two US lenders this month and the Swiss government-orchestrated takeover of troubled … Read more

Bank stress is pushing the US closer to recession, says Kashkari

WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is under close scrutiny due to its potential to trigger a credit crunch, a US Federal Reserve policymaker said on Sunday, while a European Central Bank official also suggested a possible credit tightening. . Authorities around the world are on high alert about the fallout … Read more