Town Hall News

OTTAWA (Reuters) – The United States and Canada must together build a North American market on everything from semiconductors to solar panel batteries, in the face of growing competition, including from an “increasingly assertive China,” Prime Minister Justin Trudeau said on Friday. Trudeau, speaking in the Canadian parliament ahead of a speech by U.S. President Joe Biden, also expressed unity in supporting Ukraine and said the two allies must continue […]

By Michael S. Derby NEW YORK (Reuters) – An executive who also serves on the board overseeing the New York Federal Reserve warned on Twitter Friday of potentially systemic problems in the real estate finance market and called on the industry to work with authorities to avoid things getting out of hand. Noting there is $1.5 trillion in commercial real estate debt set to mature in the next three years, […]

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday dismissed a former Barclays Plc trader’s whistleblower lawsuit accusing the British bank of firing him after he complained it ignored basic risk management and violated its own policies for detecting rogue trading. U.S. District Judge Paul Oetken in Manhattan said Brian La Belle, who had been Barclays’ head of commercial real estate trading, could not sue under the federal […]

By Valentina Za and Francesco Canepa MILAN (Reuters) -UniCredit is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, a move that would show it has ample capital and help keep funding costs in check as markets reel from a crisis of confidence. UniCredit put in a request in recent weeks with European Central Bank supervisors to repay a […]

(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as higher interest rates continue to weigh on the businesses. Less than 200 employees are being moved to product specialist positions within the company’s global operations organization, the source told Reuters. “As our business and client needs grow and evolve, our […]

By Julien Pretot SAINT OUEN, France (Reuters) – The construction of the Olympic athletes village is on time and on budget as organisers promise to deliver a safe Games, the general director of Paris 2024 said on Friday. “Most of my colleagues in the past were stressed about the delivery of the infrastructures. I must say I’m not on that side with Paris 2024. I’m very cool and serene, we […]

(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as higher interest rates continue to weigh on the businesses. Less than 200 employees are being moved to product specialist positions within the company’s global operations organization, the source told Reuters. “As our business and client needs grow and evolve, our […]

VILLANUEVA DE VIVER, Spain (Reuters) -Spain’s first major wildfire of the year raged in the eastern Valencia region on Friday, destroying more than 3,000 hectares (7,413 acres) of forest and forcing 1,500 residents to abandon their homes, authorities said. An unusually dry winter across parts of the south of the European continent has reduced moisture in the soil and raised fears of a repeat of 2022, when 785,000 hectares were […]

By Sarah N. Lynch WASHINGTON (Reuters) -Evan Corcoran, a lawyer for Donald Trump, appeared on Friday before a federal grand jury looking into Trump’s retention of classified documents following the end of his presidency, testifying only after a U.S. judge rejected Corcoran’s claim that doing so would violate attorney-client privilege. Corcoran’s 3-1/2 hour appearance behind closed doors was another signal that two criminal investigations into Trump led by Special Counsel […]