How City Bank got entangled in Sea Pearl's artificial rally
City Bank's latest financial portfolio bears signs of institutional influence in an artificial market rally of the stock of Sea Pearl Beach Resort & Spa in 2023. Not only did the act, which was illegal under the securities rules, cost general investors heavy losses following a sharp decline in the...
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EU weighing new powers to ease duplicated capital rules for banks
LONDON, June 20 (Reuters): The European Commission is considering giving national banking regulators greater powers to streamline overlapping capital requirements - potentially freeing up funds for lending, according to a report assessing the bloc's competitiveness.The Commission's draft report proposes an overhaul of rules that require capital and liquidity to be...
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Indian regulator reinstates open market buybacks, tightens rules for officials
MUMBAI, June 20 (Reuters): India's markets regulator on Friday approved the reintroduction of share buybacks via stock exchanges from August 1, capping the duration at 66 working days and allowing trades in the regular market without a dedicated buyback window.The changes are expected to streamline buybacks by cutting costs and...
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Investors see Micron earnings as pulse check of AI rally momentum
NEW YORK, June 20 (Reuters): Investors are seeking signs that the US stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology earnings will check the pulse of chip demand to see if it is still accelerating.Despite a sharp mid-week selloff, major...
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