By Jeff Mason WASHINGTON (Reuters) -U.S. President Biden criticized House Republicans who have taken control of Congress for backing tax measures that he said would benefit the wealthy at the expense of middle class taxpayers, and make inflation worse. The Republican-controlled House passed a bill Monday night that would slash tens of billions of funding …

Biden slams House Republicans’ plans on taxes, says they will make inflation worse Read More »

By Jonathan Stempel (Reuters) -City National Bank, a unit of Royal Bank of Canada, agreed to commit more than $31 million to boost lending to Black and Hispanic home buyers in the Los Angeles area, in the U.S. Department of Justice’s largest settlement over illegal redlining. Thursday’s settlement was part of Attorney General Merrick Garland’s …

RBC’s City National Bank settles U.S. redlining claims in Los Angeles Read More »

By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in a highly unusual blog post on Thursday, a month after his arrest on U.S. fraud charges. Federal prosecutors in Manhattan in December said Bankman-Fried …

‘I didn’t steal funds,’ Sam Bankman-Fried says in unusual post-arrest blog post Read More »