By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak…
As the Fed plans to ‘raise and hold,’ new projections may show the cost
By Howard Schneider WASHINGTON (Reuters) – New U.S. Federal Reserve projections, issued later this month alongside an expected half-point interest…
UK insurers face crackdown for undervaluing cars in damage claims
By Huw Jones LONDON (Reuters) -Britain’s financial watchdog on Friday warned insurers against undervaluing cars and other items when customers…
Global central banks extend rate hike push in November
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks…
Reuters poll: U.S. house prices to fall 12% peak to trough – analysts
By Hari Kishan BENGALURU (Reuters) – A retreat in U.S. house prices will extend into next year, although the expected…
Canada’s November jobless rate edges down ahead of rate decision
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Canadian economy added a limited number of jobs in November…
Credit fund outflows in 2022 unwind last year’s inflows -BofA
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – Investors have withdrawn $316 billion from credit funds this year, unwinding…
JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus…
U.S. Justice Department weighing new guidance on messaging apps, clawback policies -official
(This Dec. 1 story has been corrected to fix Nicole Argentieri’s title in paragraph 2) WASHINGTON (Reuters) – The U.S.…
Rapper Kanye West no longer plans to buy social media platform Parler
By Helen Coster (Reuters) -The parent company of social media platform Parler and American rapper Kanye West, who now goes…