Edition:
United Kingdom

Lawrence Delevingne

Exclusive: U.S. watchdogs train sights on lender misconduct in pandemic aid program

24 Nov 2020

NEW YORK/BOSTON U.S. federal agencies have begun scrutinizing lenders for potential misconduct when distributing $525 billion in pandemic aid to struggling small businesses, according to half a dozen people with knowledge of the matter, regulatory filings and statements. The sources told Reuters the scrutiny of banks' roles in the Paycheck Protection Program (PPP) is preliminary and it was not yet clear if it would lead to formal probes. However, it is the strongest sign yet that some lenders could potentially face civil or even criminal charges relating to the program, in addition to borrowers who stole funds. The Department of Justice, the bailout oversight body, known as the Pandemic Response Accountability Committee (PRAC), and the Small Business Administration's (SBA) internal watchdog are among the agencies exploring whether lenders broke the program's rules or other lending regulations, according to two people with direct knowledge of the matter and regulatory filings.

GLOBAL MARKETS-Asian stocks fall as virus spread accelerates

13 Nov 2020

SHANGHAI/BOSTON, Nov 13 Stocks in Asia fell on Friday, following on from selloffs in the United States and Europe as investors feared the economic impact of an accelerating rise in coronavirus infections.

GLOBAL MARKETS-Asian stocks dip as virus spread tamps vaccine hopes

13 Nov 2020

BOSTON, Nov 12 Stocks in Asia were poised to pull back after markets in the United States and Europe sold off on concerns over rising coronavirus infections.

GLOBAL MARKETS-Asian stocks pare gains amid caution about bets on coronavirus vaccine

12 Nov 2020

TOKYO/BOSTON, Nov 12 Asian shares pared their gains in choppy trade on Thursday as investors awaited further details on whether drugmakers can develop a coronavirus vaccine.

GLOBAL MARKETS-Asian shares rise on vaccine bets but analysts urge caution

12 Nov 2020

TOKYO/BOSTON, Nov 12 Asian shares rose toward a more than two-year peak on Thursday, buoyed by sustained global stimulus efforts and hopes of a coronavirus vaccine, but some analysts warned of the risk of a correction lower.

GLOBAL MARKETS-Asian stocks hold vaccine-driven gains after U.S. defensive shift

12 Nov 2020

BOSTON, Nov 11 Stocks in Asia were set to continue their gains on Thursday, buoyed again by continued global stimulus efforts and hopes of a coronavirus vaccine.

GLOBAL MARKETS-Stocks up as vaccine shields against second-wave worries

11 Nov 2020

* Airline buying moderates; currency markets steady ahead of ECB

GLOBAL MARKETS-Asian stocks extend gains as vaccine hopes support global reopening

11 Nov 2020

BOSTON, Nov 10 Asian shares rose on Wednesday as hopes for a successful coronavirus vaccine lifted expectations of a swift reopening of the global economy, which would help the region's heavily trade-dependent markets.

Vaccine progress injects optimism into global stocks

10 Nov 2020

BOSTON Global stocks and oil jumped and Treasuries sold off on Monday as progress in the development of a coronavirus vaccine lifted investor confidence in a world economic recovery.

GLOBAL MARKETS-Asian stocks rally as investors applaud vaccine development

10 Nov 2020

HONG KONG/BOSTON, Nov 10 Asian share markets mostly shot higher on Tuesday driven by regional airline, tourism and travel stocks as global investors applauded progress in the development of a coronavirus vaccine which lifted confidence in a world economic recovery.

World News