(Reuters) – In an attempt to avoid further claims, Bayer AG is riskingly betting that an independent scientific review will finally prove that its widely used herbicide Roundup does not cause cancer, legal experts said. The company agreed on Wednesday to pay up to $ 10.9 billion to end litigation …
Read More »Bank stocks are falling because the Federal Reserve has limited its dividends and suspended its buybacks
The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
Read More »The Fed imposes restrictions on bank dividends after the test found that some banks could be stressed by a pandemic
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, USA, on Wednesday June 3, 2020. Michael Nagle | Bloomberg | fake pictures The Federal Reserve on Thursday imposed new restrictions on the US banking industry after its annual stress test found that several banks …
Read More »Lufthansa skyrockets after major shareholder backs bailout
FRANKFURT (Reuters) – Lufthansa (LHAG.DE) Shares rose as much as 20% on Thursday after its main shareholder rejected its objections to a 9 billion euro ($ 10 billion) government bailout for the German airline that was on the brink of collapse due to the COVID pandemic- 19. “I am going …
Read More »