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U.S. SEC's crypto guidelines push up costs for lenders, disrupting projects

By Hannah Lang and Michelle Price WASHINGTON, Sept 16 (Reuters) - Banks' cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter.

VW boss hails 'huge interest' in Porsche IPO, plays down his dual role

* Will leave room if Porsche AG discussed by VW board * Porsche IPO to raise funds for VW, give brand more freedom * Investor criticises governance of listing arrangement By Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT, Sept 8 (Reuters) - The planned listing of Porsche AG has generated huge investor interest, Volkswagen VOWG_p.DE and Porsche Chief Executive Oliver Blume said on Thursday, playing down concerns over how he will manage both companies following the IPO.

Top European bankers warn on recession, China and U.S. banks

* Deutsche Bank CEO: Germany must be less dependent on China * Deutsche Bank CEO: Germany will go into recession * UniCredit CEO sees shallow recession * UniCredit CEO: Too much domestic consolidation bad * BaFin president: Studying energy-related credit risks FRANKFURT, Sept 7 (Reuters) - Deutsche Bank DBKGn.DE chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fen

Yen freefall

A look at the day ahead in U.S. and global markets from Mike Dolan. Bad things tend to happen in world markets when Japan's yen registers wild swings and its latest freefall against the supercharged U.S. dollar leaves many feeling uneasy. With U.S. economic soundings still strong enough to keep the Federal Reserve talking tough on its inflation fight, the dollar continues to climb against major currencies where recession worries are more intense or - in the case of Japan - there's no appetite to

Sterling stuck near 2-1/2-year lows as Truss set to become UK's PM

By Samuel Indyk LONDON, Sept 5 (Reuters) - The pound languished near 2-1/2-year lows against the dollar on Monday, as Liz Truss was set to become Britain's next prime minister after winning a leadership race for the governing Conservative Party against a deteriorating economic backdrop. The new PM is set to inherit an economy staring at recession, with sterling one of the worst performing major currencies in 2022. The pound has slid 15% against the dollar as inflation surged to double digits and


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