Enova abandons Grasshopper Bank deal after regulatory impasse
Enova has called off its $369 million bid for Grasshopper Bancorp, withdrawing regulatory applications and signaling a move away from pursuing a bank holding company charter. The decision spotlights persistent regulatory uncertainty for nonbank lenders seeking entry into the banking sector.
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US Leading Economic Index Falls in August, Surprising Forecasters
The Conference Board's leading US economic index slipped by 0.1 percent in August, the first drop since March and a surprise to analysts who expected a small gain.
UBS Reopens Long Euro-Dollar Trade as Central Bank Moves Shift Market Outlook
UBS has re-entered a long EUR/USD position at 1.1475, aiming for 1.17 with a stop at 1.13, citing central bank policy changes as the main reason for its renewed trade.
Uganda Shilling Nears Record Low as Dollar Demand Rises
Uganda's shilling is under renewed strain as commercial banks quote weaker rates and businesses rush to secure dollars, putting the currency at risk of hitting its lowest level ever against the US dollar amid ongoing uncertainty in Iran.
