(Reuters) - The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking industry's vocal opposition, closes what the U.S. Consumer Financial Protection Bureau described as a 1960s loophole from the era when checks were...

04:49 AM EST, 12/12/2024 (MT Newswires) -- Bank of America ( BAC ) has promoted 387 employees to managing director in 2024, 16% more than in the previous year, Reuters reported Wednesday, citing a person familiar with the matter. More than half of the promoted employees were women and people of color, the report said. Bank of America ( BAC...

04:54 AM EST, 12/12/2024 (MT Newswires) -- Blackstone (BX) said its managed real estate funds signed definitive agreements to acquire mixed-use property Tokyo Garden Terrace Kioicho from affiliates of Seibu Holdings for $2.6 billion, according to a Thursday announcement. The company said the property is 100% occupied, with two high-rise towers that house residential units, a luxury hotel, and a...

* Minority position in financial services firm sold after 5 years * Analysts await first fruits from LSEG-Microsoft JV * Euroclear welcomes TCorp as shareholder, cites shared vision (Recasts, adds analyst comment, shares, executive quotes) By Sinead Cruise and Chandini Monnappa LONDON, Dec 12 (Reuters) - The London Stock Exchange Group ( LDNXF ) has sold its 4.92% stake in...