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Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

Smaller Chinese banks cut deposit rates on squeezed margins By Reuters

© Reuters. FILE PHOTO: A staff counts Chinese Renminbi currency at a bank in Baokang, central China’s Hubei province, November 11, 2007. REUTERS/Stringer BEIJING (Reuters)

Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds
Business

Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds

Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight. Money-market fund assets are increasing

Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds
Finances

Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds

Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight. Money-market fund assets are increasing

Britain's John Lewis has lost its soul, says Mary Portas By Reuters
Stock Market

US bank deposit outflows decelerated in second week after SVB collapse By Reuters

© Reuters. FILE PHOTO: The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo (Reuters)

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Bank deposit flows “stable,” inflation still “hot” By Reuters

© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas,

Apollo assures investors deposit flight won
Stock Market

Apollo assures investors deposit flight won’t spill over to Athene By Reuters

© Reuters. By Chibuike Oguh (Reuters) – Apollo Global Management (NYSE:) Inc has been telling investors and analysts in the last few days that its

Finances

Fed’s Powell discusses FDIC deposit insurance in meeting with Republicans -US lawmaker By Reuters

© Reuters. FILE PHOTO: Federal Reserve Board Chair Jerome Powell takes questions from the news media while holding a news conference after the Fed raised