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☆ Dollar rebounds as banking fears fade; yen falls on quarter-end flows
▼ + stars: | 2023-03-29 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

NEW YORK, March 29 (Reuters) - The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. Improving risk sentiment and investor hopes that central banks can once again turn their attention toward fighting inflation was helping support the dollar, Given said. The dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday. "A decent amount of USD/JPY flow today is end of quarter related," Monex USA's Given said. The dollar was 1.37% higher at 132.71 yen .

☆ Dollar firmer as banking fears fade; yen sinks on quarter-end flows
▼ + stars: | 2023-03-29 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

"The dollar is trading mixed today with a bit of upside as global risk sentiment improves and central banks can turn their attention back toward inflation," Given said. The dollar rose to a one-week high against the yen , which remained volatile in the run-up to the end of the Japanese fiscal year on Friday. "A decent amount of USD/JPY flow today is end of quarter related," Monex USA's Given said. "Traders are concerned with real money outcomes at the moment, but as global risk sentiment continues to improve, JPY as a traditional haven looks less appealing," she said. The dollar was 1.03% higher at 132.275 yen.

Wall Street posted solid gains on Wednesday as volatility slumped to its lowest since the U.S. banking tremors were first felt three weeks ago. While bond yields inched up, bond market volatility also fell and fixed income markets were pretty calm. The rate-sensitive Nasdaq jumped 1.8% for its best day in two weeks, boosted by positive tech company outlooks. The MSCI World financials index is now up three days in a row and the U.S. regional banking index has risen for four straight days, neither of which have been recorded since January. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

A Manhattan grand jury weighing evidence for a possible Donald Trump "hush-money" indictment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. What could happen nextThe final witnesses were scheduled to testify before the grand jury on March 20, though it is unclear when the panel may vote.

☆ Mexico's top diplomat stresses cooperation with U.S. versus intervention
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 10 (Reuters) - Mexico's top diplomat on Friday criticized comments by former U.S. Attorney General William Barr, who had called for increased U.S. involvement in Mexico to tackle drug cartels, saying Mexico "will never allow its sovereignty to be violated." Barr's opinion piece compared Mexico's "narco-terrorist" cartels to the jihadist Islamic State and backed a Republican proposal to give the U.S. president the power to send the military to fight against the cartels. Mexican President Andres Manuel Lopez Obrador rejected the calls for U.S. intervention Thursday, calling them "irresponsible." "We need an effective drug policy, and the illegal flow of weapons into Mexico must stop," Ebrard added. Reporting by Kylie Madry Editing by Chris Reese and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ The Justice Department investigated Jeffrey Epstein's death. Then it went silent.
▼ + stars: | 2023-03-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +25 min

Jeffrey Epstein's death in a federal jail was seen as a shocking Justice Department failure. But more than three years later, the office still hasn't released its report into the circumstances of Epstein's death. "We all took it by surprise," Mark Epstein told Insider. Barr tasked the Justice Department's inspector general, Michael Horowitz, and the FBI with investigating "the circumstances of Mr. Epstein's death." Mark Epstein told Insider that he spoke to his brother about once a month in the years before his death.

☆ The inquiry Trump launched to clear his name on Russia collusion ended up investigating him for potential financial crimes: NYT
▼ + stars: | 2023-01-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Special counsel John Durham's team reportedly opened up a criminal probe into Trump's financial dealings. It is not clear what happened to the probe, which started as a result of a tip by Italian officials. Instead, a tip from Italian officials led the Justice Department to quietly open a probe into shady financial deals linked to then-President Donald Trump. But, according to the Times, Italian officials responded by telling Durham's team about allegations of financial crimes that were serious enough that the DOJ opened a criminal investigation. At the time, vague reports about Durham's new criminal probe lit up conservative media.

☆ The Jan. 6 committee took a parting shot at Ivanka Trump, saying she was not 'entirely frank or forthcoming' with them
▼ + stars: | 2022-12-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

The Jan. committee said Ivanka Trump was not "entirely frank or forthcoming" in her testimony. Ivanka Trump testified to the committee in April, angering her father. It said that Ivanka had notable gaps in her memory, writing that often "Ivanka Trump's Chief of Staff Julie Radford had a more specific recollection of Ivanka Trump's actions and statements." Trump then hit back at her on his Truth Social platform, saying: "Ivanka Trump was not involved in looking at, or studying, Election results. Ivanka Trump has distanced herself from her father since his presidency ended.

☆ Ivanka Trump was unhappy about how her friends 'turned their backs' on her during her father's administration, report says
▼ + stars: | 2022-11-18 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Ivanka Trump has distanced herself from her father's administration since he left office. Ivanka Trump is unhappy about having lost friends and just wants a "normal life," the Post reported. The report comes after Ivanka Trump was notably absent from her father's presidential campaign launch in Palm Beach, Florida, on Tuesday. Ivanka Trump and Kushner served as unpaid senior advisors to Trump during his administration. Ivanka has steadily distanced herself from her father's administration since he left office.

☆ Ivanka skips Trump's 2024 announcement: 'I do not plan to be involved in politics'
▼ + stars: | 2022-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Ivanka Trump, who was a senior White House adviser during the Trump administration, says she’s taking a break from politics. Former President Donald Trump's eldest daughter did not attend his speech Tuesday night at his Mar-a-Lago in Florida, where he announced his 2024 bid for the White House. It was not immediately clear whether her husband, Jared Kushner, who was also a senior White House adviser, would play a role in the campaign. Ivanka Trump, 41, was the director of the Office of Economic Initiatives and Entrepreneurship. Since they left government last year, both Kushner and Ivanka Trump have remained in the political spotlight to some extent.

☆ Ivanka Trump breaks silence after skipping father's presidential campaign announcement: 'I do not plan to be involved in politics'
▼ + stars: | 2022-11-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Ivanka Trump is distancing herself from politics after her father announced a 2024 presidential bid. "I do not plan to be involved in politics," Ivanka, who was an advisor during his first term, said. Ivanka has steadily distanced herself from her father's administration in the years since he left office. Earlier this month, sources familiar with her thinking told CNN Ivanka "would never" go back to being her father's senior adviser and was "done" with politics. Representatives for Donald Trump and a lawyer for Ivanka Trump did not immediately respond to Insider's requests for comment.

☆ Fed's Barr: Concerned about blowback to financial system from crypto
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +3 min

"That includes obviously crypto activity, but more broadly risks in parts of the financial system where we don't have good visibility, we don't have good transparency, we don't have good data. That can create risks that blow back to the financial system that we do regulate." Barr's remarks came in his first congressional testimony since becoming the Fed's top Wall Street cop over the summer and augmented his prepared comments to the committee that he was keeping a close eye for stresses in the financial system amid a weakening economy. Banks are not required to place other types of custody assets on their own balance sheets. "Wouldn't this impose a significant cost on banks if they are in fact obligated to put all of the ... crypto custody assets on their balance sheets," Toomey asked Barr.

☆ Fed boosts focus on liquidity, other risks as economy weakens: Barr
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

Nov 14 (Reuters) - Michael Barr, the Federal Reserve's top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. Last week Fed policymakers unanimously decided to raise their benchmark rate by 75 basis points to a range of 3.75%-4%. Barr used his speech to lay out a set of priorities for regulation that includes bank capital requirements, bank mergers, and cryptocurrencies. Crypto exchange FTX collapsed last week, sending shock waves through the industry and prompting calls for stiffer regulatory oversight. Reporting Ann Saphir and Lindsay Dunsmuir; Editing by Leslie Adler and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Banks should manage heightened risks from crypto firm deposits –Fed’s Barr
▼ + stars: | 2022-10-12 | by ( Hannah Lang | ) www.reuters.com time to read: +2 min

"The recent volatility in crypto markets has demonstrated the extent of centralization and interconnectedness among crypto-asset companies, which contributes to amplified stress," he said. Register now for FREE unlimited access to Reuters.com Register"While banks were not directly exposed to losses from these events, these episodes have highlighted potential risks for banking organizations." Speaking at DC Fintech Week, Barr said the banking regulators' engagement with financial institutions on the risks of accepting deposits from crypto firms is "not intended to discourage banks from providing access" to banking services for crypto companies, but instead on making sure that any risks are appropriately mitigated. In the speech, Barr said regulators need to balance supporting innovation while providing guardrails that protect consumers and guard against systemic risks. Barr also warned that crypto companies making misrepresentations about deposit insurance can confuse customers, and may lead to increased withdrawals at crypto-aligned banks that provide such services during periods of heightened stress.

William Barr said in his confirmation hearings to become Trump's attorney general, that he might recuse himself on overseeing matters related to Epstein. A photo from 2000 shows Trump, Melania Trump (then Melania Knauss), Epstein, and Maxwell at the resort together. The photo at the top of the page is of the two together in Palm Beach in 1997. The entry for Donald Trump as it appears in Jeffrey Epstein's "black book" that was published by Gawker in 2015. The complaint, brought against Trump and Epstein, alleged that the victim attended multiple parties at Epstein's residence in the summer of 1994, that Trump also attended.

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