US Fed says banks can weather severe downturn comfortably

US Fed says banks can weather severe downturn comfortably

WASHINGTON, June 23 (Reuters) – The largest US banks would remain well capitalized in the event of a severe economic shock, the US Federal Reserve said on Thursday after the lenders’ annual health check, paving the way for them to issue share buybacks and dividends. The 34 lenders with more than $100 billion in assets … Read more

Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Euro zone business growth has slowed significantly this month – and by much more than expected – … Read more