By Niket Nishant and Manya Saini (Reuters) – Traders shorting New York Community Bancorp’s stock were sitting on more than $42 million of losses on Wednesday after the lender’s better-than-expected profit forecast for the next two years sent shares surging, data from Ortex show. The rally marked a rare bright spot for NYCB, which has […]
US prosecutors examining financial transactions at Block, NBC News reports
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company’s two main units. Areas under investigation include whether the company […]
Israel allows trucks from newly reopened Erez crossing into Gaza after U.S. pressure
EREZ CROSSING, Israel (Reuters) – Israel reopened the sole crossing on the northern edge of the Gaza Strip on Wednesday, allowing aid trucks to pass through the Erez checkpoint following U.S. demands to do more to address the growing humanitarian crisis. Reopening the Erez crossing has been one of the main pleas of international aid […]