By Noele Illien ZURICH (Reuters) – UBS might need to retain $10 billion to $15 billion in excess capital after Switzerland’s government this week laid out plans for tougher capital requirements for the enlarged lender, Autonomous Research estimated on Thursday. In its base case, UBS would need 200 to 300 basis points more in common…
By Andrew Goudsward WASHINGTON (Reuters) -Donald Trump suffered a pair of legal setbacks on Thursday as judges spurned his calls to dismiss criminal charges over the former U.S. president’s efforts to overturn his 2020 loss in Georgia and his keeping classified records after leaving office. Separately, one of the Republican presidential candidate’s allies, former Justice…
By Jonathan Allen NEW YORK (Reuters) -A federal judge on Thursday denied a request by New York’s Nassau County to let it enforce new restrictions on transgender athletes at county sports venues without facing legal action by the state’s attorney general for violations of anti-discrimination laws. Nassau County Executive Bruce Blakeman, a Republican, issued an…
By Stephanie Kelly and Jarrett Renshaw WASHINGTON (Reuters) -Centrist group No Labels will not field a third-party bid for the U.S. presidency because it could not find a candidate with a credible path to winning the White House, the group said on Thursday. Only last month some 800 No Labels delegates voted to launch a…
By Lewis Krauskopf NEW YORK (Reuters) – Actively managed U.S. equity funds in the first quarter posted their best quarterly out-performance since 2007, BofA Global Research strategists said. In the first quarter, 64% of actively managed U.S. large-cap mutual funds beat their Russell 1000 benchmarks, compared to just 38% last year, BofA’s data showed. The…
By Nivedita Balu TORONTO (Reuters) – Royal Bank of Canada expects its struggling unit in the U.S. to be “a net contributor” to Canada’s biggest lender and is bullish about the opportunities south of the border, CEO Dave McKay told Reuters on Wednesday. City National Bank, which RBC acquired in 2015 under McKay’s watch, required…
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden will speak by phone with Israeli Prime Minister Benjamin Netanyahu on Thursday, three days after Israel launched an attack in which seven World Central Kitchen aid workers were killed, a U.S. official said. The White House has described Biden as outraged and heartbroken by the attack…
By Sarah Morland (Reuters) – Diplomats at a regional Americas body on Wednesday urged Haitian politicians to move forward with a delayed plan to replace Prime Minister Ariel Henry with a transitional council, a move which could trigger the long-awaited deployment of an international security force. The transitional council – agreed with the mediation of…
(Reuters) -Shares of Moderna fell 4% on Wednesday after a U.S. judge issued an order that strengthened Arbutus’ arguments in a patent infringement lawsuit related to Moderna’s blockbuster COVID-19 vaccines. Roivant’s shares gained 4% in afternoon trading, while its subsidiary Arbutus rose more than 17%. In a so-called “claim construction order”, U.S. District Judge Mitchell…
(Reuters) -Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report. Fisker…
