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BofA tells court Ambac cannot prove $2.7 billion mortgage case By Reuters
© Reuters. FILE PHOTO: A Bank of America building is seen in Los Angeles, California, U.S., May 6, 2019. REUTERS/Lucy Nicholson/File Photo By Jody Godoy (Reuters) -Bond insurer Ambac Financial (NYSE:) Group Inc cannot prove its $2.7 billion case against Bank of America (NYSE:) over troubled mortgage-backed securities on evidence that BofA was a “bad […] More
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EXCLUSIVE – Qatar tells local banks to stop currency swap deals abroad
© Reuters. FILE PHOTO: A cashier counts Qatari riyal notes at a money changer in Doha May 28, 2013. REUTERS/Fadi Al-Assaad By Hadeel Al Sayegh and Andrew Mills DUBAI/DOHA (Reuters) – Qatar’s central bank has told banks in the Gulf state not to exchange its currency with entities outside the country without prior permission, five […] More
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S.Korea tells local banks to manage FX liquidity conservatively By Reuters
© Reuters. FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo SEOUL (Reuters) -South Korea’s financial regulator said it advised local banks on Tuesday to manage foreign-exchange liquidity positions in a more conservative manner than before given the possibility of a prolonged period of dollar […] More
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U.S. Treasury tells Republican that committee request needed for Hunter Biden data By Reuters
© Reuters. FILE PHOTO: U.S. President Joe Biden and his son Hunter Biden depart from Holy Spirit Catholic Church after attending Mass on St. Johns Island, South Carolina, U.S., August 13, 2022. REUTERS/Joshua Roberts By David Lawder WASHINGTON (Reuters) -The U.S. Treasury on Friday issued a formal response to a Republican lawmaker who has been […] More
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Russian banks lost $25 billion in first half, central bank tells RBC By Reuters
© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov (This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) (Reuters) – Russia’s banks lost a combined 1.5 trillion roubles ($24.95 billion) in the first six months […] More
