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Brendan McDermid - 1 BNY Mellon - 1 ICBC - 1 Lananh Nguyen - 1 Paritosh - 1 Megan Davies - 1
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Search resuls for: "Lananh Nguyen Paritosh Bansal"


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☆ BNY keeps ICBC off Treasury platform, waits for all-clear -sources
  + stars: | 2023-11-10 | by ( Lananh Nguyen Paritosh Bansal | Lananh Nguyen | Paritosh Bansal | ) www.reuters.com   time to read: +1 min
The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. BNY Mellon, the sole settlement agent for Treasury securities, disconnected the Chinese bank from the platform after the hack and is waiting for a third party to attest that it is safe to reconnect, the sources said. The attack, confirmed by ICBC on Thursday, is the latest in a string of demands for ransom that hackers have claimed this year. ICBC Financial Services, the bank's U.S. unit, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it. Reporting by Lananh Nguyen and Paritosh Bansal; Editing by Megan DaviesOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, BNY Mellon, ICBC, Lananh Nguyen, Paritosh, Megan Davies Organizations: of New York Mellon Corp, REUTERS, Commercial Bank of, Treasury, ICBC Financial Services, Thomson Locations: U.S
☆ First Republic auction underway, with deal expected by Sunday
  + stars: | 2023-04-29 | by ( Chris Prentice Saeed Azhar Lananh Nguyen Paritosh Bansal | Chris Prentice | Saeed Azhar | ) www.reuters.com   time to read: +2 min
Guggenheim Securities is advising the U.S. Federal Deposit Insurance Corp (FDIC) on the sale process, two sources familiar with the matter said. The process kicked off this week after First Republic, which got swept up in a banking crisis last month, failed to come up with a deal without government help, three of the sources familiar with the situation said. A deal for First Republic would come less then two months after Silicon Valley Bank and Signature Bank failed amid a deposit flight from U.S. lenders, forcing the Federal Reserve to step in with emergency measures to calm markets. A sale would bring to an end a weeks-long effort by First Republic to survive the market rout. When that deal failed to stabilize First Republic, the lender, known best for its rich clientele, tried to find other private-sector solutions.
☆ Davos 2023: CEOs face challenge over sluggish climate efforts
  + stars: | 2023-01-20 | by ( Simon Jessop Lananh Nguyen Paritosh Bansal | Simon Jessop | Lananh Nguyen | ) www.reuters.com   time to read: +3 min
Increasingly, they said conversations in C-suites and with financiers had turned to the risks that climate change presented to businesses. Climate activist Greta Thunberg made the journey up the Swiss Alps to call on the global energy industry and its financiers to end all fossil fuel investments. Suni Harford, the president of UBS's asset management arm who leads the bank's sustainability efforts, said her conversations at Davos suggested no let up in focus on climate, despite the shorter-term pressures. "Clients are becoming ever more informed on the energy transition, demand for sustainable and green products has held up well, and clients are increasingly looking to measure the impact of their portfolios." "Put forward credible and transparent transition plans on how to achieve net zero – and submit those plans before the end of this year," Guterres said in a speech.
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