SHANGHAI (Reuters) – China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to […]
China fines Deloitte $31 million for auditing negligence
BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in […]
Pacific Western Bank faced ‘elevated’ withdrawals after bank failures
(Reuters) – Pacific Western Bank, a unit of PacWest Bankcorp, said on Friday it had witnessed ‘elevated’ withdrawals following the […]
Huawei has replaced thousands of U.S.-banned parts in its products, founder says
By Stephen Nellis and Krystal Hu (Reuters) -Huawei Technologies Co Ltd has replaced more than 13,000 parts in its products […]
Moody’s downgrades credit ratings on First Republic Bank
(Reuters) – Ratings agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial […]
Banxico governor sees no contagion in Mexico from U.S. banking crisis
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Bank of Mexico’s Governor Victoria Rodriguez said on Friday […]
Oil prices settle down, post big weekly losses on bank fears
By Laura Sanicola (Reuters) -Oil prices settled lower Friday, reversing early gains of more than $1 a barrel as banking […]