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

Exclusive: Google says Microsoft cloud practices are anti-competitive

BRUSSELS, March 30 (Reuters) – Alphabet’s (GOOGL.O) Google Cloud has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticized upcoming deals with several European cloud vendors. license terms. In Google Cloud’s first public comments on Microsoft and its European deals, Vice President Amit Zavery told Reuters that the company has raised the issue with … Read more

Exclusive: The WHO is considering adding drugs for obesity to the list of ‘essential’ medicines

LONDON, March 29 (Reuters) – Drugs that fight obesity could for the first time be included on the World Health Organization’s “list of essential medicines” used to guide government purchasing decisions in low- and middle-income countries, it said. UN agency to Reuters. A panel of WHO advisers will review new drug applications next month, with … Read more

Exclusive: Citizens Financial eyes bid on SVB private bank, sources say

NEW YORK, March 23 (Reuters) – Citizens Financial Group Inc (CFG.N) is preparing a bid to acquire the private banking business of bankrupt Silicon Valley Bank, two people familiar with the matter said Thursday. Citizens, one of the largest regional banks in the US, is preparing to bid for the auction of the company, which … Read more

Exclusive: Walmart lays off hundreds of US employees at five e-commerce fulfillment centers

NEW YORK, March 23 (Reuters) – Hundreds of employees at five US Walmart facilities that fulfill e-commerce orders are being asked to find jobs at other company locations within 90 days, a spokesperson confirmed to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … Read more

Exclusive: Republican U.S. Senator Rick Scott and Democrat Warren Unveil Fed Oversight Bill

WASHINGTON, March 22 (Reuters) – A conservative Republican and a progressive Democrat in the US Senate are introducing legislation on Wednesday to replace the Federal Reserve’s internal watchdog with a president-appointed one, with the aim of tightening banking oversight following the failure of Silicon Valley Bank and Signature Bank. Republican Rick Scott and Democrat Elizabeth … Read more

Exclusive: EU drafts plan to allow electric cars with combustion engine

Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 … Read more