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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/pakistans-army-mounts-midair-rescue-effort-for-children-trapped-in-cable-car-94b999f3
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/afghans-who-allied-with-u-s-face-killings-arrests-under-taliban-rule-u-n-finds-7adac5ee
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/pakistans-army-mounts-midair-rescue-effort-for-children-trapped-in-cable-car-94b999f3
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The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. The purchase was aimed at broadening Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. High net worth individuals - who would fall within the business Goldman is considering selling - typically have about $1 million to $10 million to invest. Goldman's wealth business has lagged behind rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high-net-worth clients, reiterating aspirations from its investor day in late February.
Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Stephen Biggar, They've, Biggar, RIA, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton, Jonathan Oatis, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Argus Research, RIA, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco
Citigroup mulls plan to split its largest division - source
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. The bank is unlikely to replace Ybarra, the head of its Institutional Clients Group (ICG), the source said on Monday. The plans are still being considered and have not been finalized, the source said. The ICG unit provides financial services to institutional investors and governments. Its shares fell 0.6% alongside a broader decline in the S&P bank index, which dropped 0.5% in Monday trading.
Persons: Chris Helgren, Paco Ybarra, Jane Fraser, Scott Siefers, Piper Sandler, Ybarra, Tatiana Bautzer, Saeed Azhar, Lavanya, Dhanya Ann Thoppil, Hugh Lawson, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Ybarra, Group, ICG, Financial Times, Reuters, Thomson Locations: Toronto , Ontario, Canada, New York, Bengaluru
Goldman Sachs weighs sale of part of its wealth business
  + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com   time to read: +3 min
The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. The potential divestments come after CEO David Solomon reorganized the firm into three units last year and scaled back ambitions for its loss-making consumer business. Goldman's wealth business has lagged rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February. Other core wealth businesses include workplace financial planning through Ayco, and Marcus savings, Goldman said.
Persons: Goldman Sachs, Andrew Kelly, Goldman, RIABiz, David Solomon, Stephen Biggar, They've, Biggar, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, GreenSky, RIA, United Capital Financial Partners, Argus Research, Thomson Locations: New York City , New York, U.S, Ayco
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Aug 21 (Reuters) - Goldman Sachs (GS.N) is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. Goldman's private wealth unit oversees $1 trillion in assets for ultra-high net worth clients. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February.
Persons: Goldman Sachs, Andrew Kelly, Goldman, David Solomon, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue Organizations: New York Stock Exchange, REUTERS, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco
But in Australia, relative newcomers to the game’s big leagues, the arrival of the world’s best women’s players has left old and new fans starry-eyed with possibility. Despite placing fourth – the team’s best finish at a World Cup – the ability of relative outsiders to make it that far has elevated Australia’s Matildas to hero status. Fans cheer Spain's victory while watching a live transmission of the FIFA Women's World Cup 2023 in Madrid. Australia fans celebrate at Melbourne's Federation Square after the Matildas scored the opening goal in their FIFA World Cup round-of-16 match against Denmark on August 7. It’s not just football, it’s different.”Spain's players celebrate with the trophy after winning the 2023 Women's World Cup.
Persons: Sydney CNN —, , Luis Rubiales, Jennifer Hermoso, Gianni Infantino, , Matildas, Spain's, Denis Doyle, , Australia’s, might’ve, Sam Kerr, Asanka Ratnayake, that’s, Matilda Karen Menzies –, there’s, Kerr, Australia's Sam Kerr, England's Keira Walsh, Ulrik Pedersen, they’ve, Andrea Ellis, ” Ellis, you’re, Sarai Bareman, Saeed Khan, Infantino, Joanna Lohman, Rubiales, Jorge Vilda, RFEF, Sisters, Simmi Nanduo, ” Louise Nussac, Vilda, Kelly Stroda, La, Hilary Whiteman, d’Or Féminin, Alexia Putellas Organizations: Sydney CNN, Sydney’s, FIFA, La Roja, Royal Spanish Football Federation, derisory, England, Sweden, Melbourne's, Denmark, Australia’s, UEFA European, Sunday’s, Women’s Football, FIFA Women’s Football Convention, Getty, United States Women’s National, , Sky News, CNN, , World Locations: Australia, Europe, Madrid, England, Bromley ,, London, AFP, Texas, Spanish, Paris, France, Spain, La Roja
CNN —Newly crowned Women’s World Cup winner Alexia Putellas spoke passionately after Sunday’s final victory over England about the need for FIFA to “take note” of the issues facing women in the sport. (From L to R) Alexia Putellas, Jennifer Hermoso and Irene Paredes celebrate with the trophy after winning the World Cup. The 2023 Women’s World Cup broke several viewing records throughout the competition and in a number of different countries. In his speech at the FIFA Women’s Football Convention in Sydney on Friday, FIFA president Gianni Infantino claimed over 2 billion people had tuned in to the competition, hailing it as a “truly transformational” event. Spain’s victory earned the country’s maiden Women’s World Cup title, having only qualified for the flagship event three times, and it now joins Germany as the only nations to win both a men’s and women’s World Cup.
Persons: Alexia Putellas, – Putellas, it’s, Ballon d’Or, ” Putellas, , “ We’ve, Jennifer Hermoso, Irene Paredes, Saeed Khan, Jorge Vilda, Putellas, , Gianni Infantino Organizations: CNN, FIFA, Colombian, CNN Sport, Getty, Spain, England, US Soccer, Seven Network, OzTAM, FIFA Women’s Football Convention Locations: England, AFP, Canada, Jamaica, Australia, New Zealand, Barcelona, Sydney, Germany
The 75th Cannes Film Festival - Photocall for the film "Leila's Brothers" in competition - Cannes, France, May 26, 2022. The Iranian Cinema Directors Association said in an Instagram post that it was “the strangest judiciary sentence in the history of Iranian cinema”. It said the movie, "Leila's Brothers", had been approved by the government and the Iranian government itself had participated at the Cannes festival for years. “Such a strange sentence is a futile attempt to humiliate this young and intelligent filmmaker of Iranian cinema,” the association said. Several independent filmmakers said they saw the sentence as a diversion from the upcoming anniversary of the Sept. 16, 2022 death in custody of Mahsa Amini.
Persons: Saeed Roustayi, Stephane Mahe, Roustayi, Javad Noruzbegi, Mahsa, Mahnaz Mohammadi, Martin Scorsese, Francis Ford Coppola, Scorsese, Frances Kerry Organizations: Cannes, Iranian Cinema, Reuters, Etemad, Thomson Locations: France, Iranian
CNN —Spain has thrilled its fans and neutrals alike with some scintillating performances en route to a historic Women’s World Cup final against England on Sunday. Prior to this tournament, Spain had never won a knockout match at a Women’s World Cup. Spain has won three knockout matches for the first time at the Women's World Cup. But Spain, nevertheless, went on to make history at this World Cup. Alex Grimm/FIFA/Getty ImagesIn 2022, Spain won both the Under-17 and Under-20 Women’s World Cup.
Persons: Jorge Vilda, Spain’s, Alexia Putellas, Spain's Salma Paralluelo, Andrew Cornaga, Irene Paredes, Jennifer Hermoso, Vilda, , Mariona, Aitana, Ona, Saeed Khan, Sandra Paños, Mapi Leon, Patricia Guijarro, El Periodico, Leon, , Rafael del Amo, Angel Vilda, Molly Darlington, Luis Rubiales, Alex Grimm, Salma Paralluelo, we’ve, , Virginia Torrecilla, Abbie Parr Organizations: CNN, England, Vilda, Spanish national, Getty, The Athletic, Diario de Navarra, Spanish, Real, Barcelona’s, League, FIFA, Sweden, AS, Spain, Spain’s, Twitter, Locations: Spain, Netherlands, Sweden, Barcelona, Japan, La, Ona Batlle, AFP, The, Real Madrid, Marca
CNN —Famed Iranian director Saeed Roustaee has been sentenced to six months in prison, according to local reports, after presenting his most-recent film at the Cannes International Film Festival last year. Roustaee screened the film “Leila’s Brothers,” a movie about a family in Tehran trying to make ends meet, in competition for the Palme d’Or, the highest prize awarded at Cannes. Roustaee and “Leila’s Brother” producer Javad Noruzbegi were sentenced to six months for airing the film and “contributing to the opposition’s propaganda against the Islamic regime,” according to Iranian media. “His voice needs to be heard.”“Leila’s Brothers” was previously banned in Iran, as officials ruled the film “broke the rules by being entered at international film festivals without authorisation,” the AFP reported. Though it did not win the Palme d’Or, the film won two other prizes at Cannes, and was nominated for Best International Film at the Munich International Film Festival.
Persons: CNN —, Saeed Roustaee, Roustaee, , Palme, Ruben Ostlund’s, Javad Noruzbegi, Martin Scorsese, Francesca Scorsese, Scorsese, , Jafar Panahi, Tara Sepehri, Panahi Organizations: CNN, Cannes, AFP, Iranian Foreign Ministry, Munich, Human Rights Watch Locations: Tehran, American, Iran
Megacap technology-related growth stocks dipped, with Alphabet (GOOGL.O) and Tesla (TSLA.O) falling, as investors fretted that interest rates could stay higher for longer. The tech-heavy Nasdaq (.IXIC) posted the biggest weekly decline of the three major indices. The Dow Jones Industrial Average (.DJI) rose 34.29 points, or 0.10%, to 34,510.38. The S&P 500 energy index (.SPNY) rose, with Exxon Mobil (XOM.N) among leading gainers. Shares of cryptocurrency firm Coinbase Global (COIN.O) fell and Riot Platform (RIOT.O) tumbled as bitcoin hit a two-month low.
Persons: Jason Reed, Estee Lauder, Jerome Powell, Nvidia's, Michael Reynolds, Amruta Khandekar, Saeed Azhar, Maju Samuel, David Gregorio Our Organizations: U.S . Federal, REUTERS, Federal, Nasdaq, Nvidia, Dow Jones, Walmart, Exxon Mobil, Treasury, Thursday, Hawaiian, Coinbase, Thomson Locations: Washington, Bengaluru, New York
The minutes of the Fed's July monetary policy meeting showed most policymakers continue to prioritize the battle against inflation, adding to uncertainty among investors about the outlook for interest rates. Bank shares extended losses, with the S&P 500 bank index <.SPXBK> down 1% and Bank of America (BAC.N) leading losses among bigger banks to end 2.2% lower. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Equities have suffered through a rough patch in August, with the S&P 500 languishing near one-month lows as data underscoring sticky inflation and a robust economy fans fears of interest rates staying elevated for longer. The S&P 500 posted four new 52-week highs and 18 new lows; the Nasdaq Composite recorded 36 new highs and 255 new lows.
Persons: Banks, we're, Peter Tuz, Brendan McDermid, Mike Reynolds, Saeed Azhar, Noel Randewich, Amruta, Lewis Krauskopf, Maju Samuel, Vinay Dwivedi, Deepa Babington Organizations: Nasdaq, Dow, Federal, Chase Investment, , Dow Jones, Bank, Bank of America, Nvidia, New York Stock Exchange, REUTERS, Walmart, NYSE, Thomson Locations: Charlottesville , Virginia, New York City, U.S, New York, Bengaluru
A prominent Iranian film director and an Iranian producer were sentenced on Tuesday to six months in prison for creating the film “Leila’s Brothers” and screening it at the Cannes Film Festival without official approval, according to the country’s news media. Saeed Roustaee, the film’s director, and Javad Noruzbegi, who produced the film with Roustaee, were both sentenced to six months in prison by the Islamic Revolutionary Court in Tehran for “participating in the opposition’s propaganda against the Islamic regime,” according to the conviction announcement made by the court and reported in Etemad, an Iranian reformist newspaper. “The defendants aligned with the oppositional media, under the influence of propaganda, in line with the counter-revolutionary (anti-regime) forces,” the announcement read. “With the aim of raising money and seeking fame,” it said, they “prepared fodder and intensified the media battle against the religious authority.”Roustaee and Noruzbegi will serve about nine days of their sentence, with the remainder suspended for five years, Etemad reported. During that period, Roustaee and Noruzbegi will be required to complete a 24-hour course about “creating movies aligned with national interests and national morality” and refrain from associating with other individuals in the film industry, according to Etemad.
Persons: Saeed Roustaee, Javad Noruzbegi, , , Etemad Organizations: Cannes, Islamic Revolutionary, Locations: Iranian, Tehran, Etemad
England's players react after winning the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023. Franck Fife | AFP | Getty ImagesEngland have made more history, reaching their first Women's World Cup final after beating Australia 3-1 to set up a showdown with Spain on Sunday. England drew first blood as Ella Toone (36) curled home a superb effort as the Matildas conceded their first World Cup goal since the second group game against Nigeria - a run of well over five hours. Read more stories from Sky SportsEngland football fans celebrate at Boxpark Wembley following the FIFA Women's World Cup Australia & New Zealand 2023 Semi Final match between England and Australia on August 16, 2023 in London, England. England's forward #23 Alessia Russo (R) scores a goal past Australia's goalkeeper #18 Mackenzie Arnold during the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023.
Persons: Franck Fife, amble, Ella Toone, Sam Kerr, Lauren Hemp, Alessia Russo, Read, Chris J Ratcliffe, Arjan, Kerr, Mary Earps, Mackenzie Arnold, Georgia Stanway, Toone, Russo, Haley, Clare Polkinghorne, Hayley Raso, Arnold, Mary Fowler, Caitlin Foord, Millie Bright, Bright, Ellie Carpenter, Saeed Khan, Earps, Kane Organizations: Australia, England, AFP, Getty, Sunday, Nigeria, Spain, Sky Sports England, Wembley, FIFA, New Zealand, eventual, Clare, Georgia, Earps, Chelsea, Hemp, Colombia Locations: New Zealand, Australia, Sydney, Spain, New, London, England, Georgia
The rally in the chipmaker's stock pushed the information technology index (.SPLRCT) 1.85% higher, making it the strongest of 11 S&P 500 sector indexes. The S&P 500 climbed 0.58% to end the session at 4,489.72 points. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.1-to-one ratio. The S&P 500 posted 8 new highs and 11 new lows; the Nasdaq recorded 50 new highs and 192 new lows.
Persons: Tesla, Morgan Stanley, Jay Hatfield, Brendan McDermid, Goldman Sachs, Alex Chriss, Amruta Khandekar, Saeed Azhar, Arun Koyyur, Maju Samuel, David Gregorio Our Organizations: Nvidia, China AMC, Nasdaq, Dow, Chipmaker Micron Technology, Dow Jones, Infrastructure Capital Advisors, NVIDIA, Walmart, New York Stock Exchange, REUTERS, Traders, Fed, PayPal Holdings, Intuit, AMC Entertainment, Hawaiian Electric Industries, Thomson Locations: China, New York, New York City, U.S, Delaware, Maui, Lahaina, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Nvidia's (NVDA.O) gain pushed the information technology index (.SPLRCT) higher, making it the strongest of 11 S&P 500 sector indexes. Other megacap growth stocks including Alphabet (GOOGL.O), and Amazon.com (AMZN.O) also posted gains, as did chipmaker Micron Technology (MU.O). According to preliminary data, the S&P 500 (.SPX) gained 26.28 points, or 0.59%, to end at 4,490.33 points, while the Nasdaq Composite (.IXIC) gained 143.81 points, or 1.05%, to 13,788.66. The Nasdaq and S&P 500 fell last week after hotter-than-expected U.S. producer prices data fanned concerns that the Federal Reserve could keep U.S. interest rates higher for longer.
Persons: Brendan McDermid, Tesla, Morgan Stanley, Jay Hatfield, Goldman Sachs, Alex Chriss, Amruta Khandekar, Saeed Azhar, Arun Koyyur, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, China AMC, Nasdaq, Nvidia, Micron Technology, Dow Jones, Infrastructure Capital Advisors, NVIDIA, Federal Reserve, Walmart, Traders, Fed, PayPal Holdings, Intuit, AMC Entertainment, Hawaiian Electric Industries, Thomson Locations: New York City, U.S, China, New York, Delaware, Maui, Lahaina, Bengaluru
Saeed Al Tayer, Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), speaks during the groundbreaking ceremony of the 4th phase of Mohammed bin Rashid Al Maktoum Solar Park, south of Dubai, United Arab Emirates March 19, 2018. Picture taken March 19, 2018. REUTERS/Satish Kumar/ File PhotoCompanies Dubai Electricity and Water Authority PJSC FollowDUBAI, Aug 13 (Reuters) - Dubai Electricity And Water Authority (DEWA) selected state-owned renewable energy firm Masdar to construct and manage the 1,800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park with an estimated cost of up to 5.51 billion Emirati Dirhams, the Dubai media office said on Sunday. Reporting by Ahmed Elimam; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Saeed Al Tayer, Mohammed bin Rashid Al Maktoum, Satish Kumar, Ahmed Elimam, Andrew Heavens Organizations: Dubai Electricity, Water Authority, United Arab Emirates, REUTERS, Companies Dubai Electricity, Water, Thomson Locations: DEWA, Dubai, United Arab, DUBAI
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/pakistan-appoints-caretaker-prime-minister-as-poll-timing-remains-in-doubt-7096330f
Persons: Dow Jones Locations: pakistan
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/pakistan-dissolves-parliament-as-government-grapples-with-political-instability-9151fdb2
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WASHINGTON, Aug 8 (Reuters) - U.S. regulators on Tuesday hit another batch of Wall Street firms with $549 million in civil penalties over widespread record-keeping failures related to employees' use of personal text messages and other messaging apps. Eleven firms, including Wells Fargo Securities and BNP Paribas Securities Corp, have agreed to pay $289 million in fines to the U.S. Securities and Exchange Commission to resolve the allegations. Regulators require broker dealers and investment advisers to keep certain work-related communications, but Wall Street dealers have increasingly used personal devices in recent years. Spokespeople for BNP, which agreed to pay $110 million to the regulators, and Mizuho, which agreed to pay $25 million to the SEC, declined to comment. The regulators have already fined units of JPMorgan Chase and Co (JPM.N), Barclays, Bank of America and others for similar record-keeping failures.
Persons: Wells, Société, Spokespeople, Gurbir Grewal, Chris Prentice, Susan Heavey, Nivedita Balu, Nupur Anand, Saeed Azhar, Bernadette Baum, Jason Neely Organizations: Wall Street, Wells, Wells Fargo Securities, BNP Paribas Securities Corp, U.S . Securities, Exchange Commission, Futures Trading, BNP, Bank of Montreal, Wedbush Securities Inc, Wall, SEC, CFTC, Mizuho, Nikko Securities, JPMorgan Chase, Barclays, Bank of America, Reuters, Thomson Locations: U.S, Wells Fargo, Nikko, New York, Washington, Toronto
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellyNEW YORK, Aug 8 (Reuters) - John Rogers, an influential Goldman Sachs (GS.N) executive, will step back from his role as chief of staff next month, according to an internal memo. He will be succeeded by Russell Horwitz, a Goldman veteran who will rejoin the bank after working at Citadel, according to the memo. Goldman Sachs profit dropped 60% in the second quarter, missing estimates, as writedowns in the investment bank's consumer businesses and real estate investments weighed on earnings. Horwitz, who previously worked at Goldman for 16 years, will rejoin Goldman Sachs as a partner and a member of the management committee, reporting to Solomon, the memo said.
Persons: Goldman Sachs, Andrew Kelly NEW, John Rogers, Russell Horwitz, Rogers, Dodd, Frank, David Solomon, John, Goldman, Tom Montag, Horwitz, Solomon, Saeed Azhar, Conor Humphries Organizations: New York Stock Exchange, REUTERS, Andrew Kelly NEW YORK, Goldman, Citadel, Reuters, New York Times, Thomson Locations: New York City , New York, U.S
By increasing the degree of risk attributed to certain assets, the proposed rules would require banks to hold proportionately more capital, potentially eating into returns on equity and profits. Making such lending more expensive will shrink credit available to historically under-served borrowers, something the industry is likely to fight, he said. Chen Xu, an attorney in the financial institutions group at Debevoise & Plimpton, said the new rules viewed high-revenue business lines as higher risk. Morgan Stanley (MS.N) analysts say the largest banks may take up to four years to set aside profits to comply with the new capital rules. Dennis Kelleher, head of the financial reform advocacy group Better Markets, said the banking industry had made similar complaints in the past which he believed had proven unfounded.
Persons: Mike Segar, Joe Saas, Chen Xu, Plimpton, Michael Barr, JPMorgan Chase, Jamie Dimon, Wells Fargo, Kevin Stein, Morgan Stanley, Richard Ramsden, Goldman Sachs, Ramsden, Dennis Kelleher, Douglas Gillison, Tatiana Bautzer, Nupur Anand, Saeed Azhar, Megan Davies, Anna Driver Organizations: Wall, New York Stock Exchange, REUTERS, Industry, Financial Services, Bank Policy Institute, Securities Industry, Financial Markets Association, Debevoise, JPMorgan, CNBC, Citigroup, Bank of America, Klaros Group, Banking Supervision, Better, Thomson Locations: Manhattan, New York City , New York, U.S, Washington, Wells, Basel
CNN —Nearly half a billion children in South Asia are exposed to extreme high temperatures as life-threatening heat waves caused by the climate crisis become stronger and more frequent, according to the United Nations’ children’s agency. The analysis showed 76% of children in South Asia were exposed to extreme high temperature compared to 32% globally, UNICEF said. Not only is there high potential for record extreme heat, the impacts are compounded by dire social and economic problems. At the same time, extreme weather has had a deadly impact in other parts of the region. In its report, UNICEF warned that ultimately children, adolescents and women are among those who pay the highest price for extreme weather events.
Persons: , Sanjay Wijesekera, Sudipta Das, Shahid Saeed Mirza, “ Young, ” Wijesekera Organizations: CNN, United Nations ’, UNICEF, South, Mashal, Getty, stillbirths Locations: South Asia, Afghanistan, India, Pakistan, Sindh, Farah Province, Xinhua, New Delhi, Kolkata, Multan, AFP
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