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Top News In Finreg Today - Breaking & Trending Today

Yellen warns US default would threaten global economy, undermine US leadership

U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership. ....

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PacWest tumbles on deposit drop, asset pledge

PacWest Bancorp said on Thursday deposits declined last week and the bank pledged more assets as collateral to the U.S. Federal Reserve to increase its borrowing capacity, sending shares tumbling 20% in premarket trading. ....

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China says willing to work with U.S. on audit deal as challenges loom

China's securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. ....

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Big U.S. lenders to pay billions to replenish bank failure fund

Around 113 of the largest U.S. lenders will bear the cost of replenishing the $16 billion hit to a key deposit insurance fund caused by recent bank failures, the Federal Deposit Insurance Corporation (FDIC) said on Thursday. ....

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Exclusive: China to name Li Yunze as head of new financial regulatory body-sources

China will appoint Li Yunze as the head of a new financial regulator as part of a broader restructuring of its financial regulatory regime, three sources with knowledge of the matter said on Wednesday. ....

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