Adani Group is facing fallout as investors and partners reconsider ties due to bribery and fraud accusations by U.S. authorities, leading to potential financial constraints and credit rating downgrades. Major companies like TotalEnergies and Kenyan president William Ruto have halted investments and deals with Adani Group, while the U.S. International Development Finance Corp is reviewing prior agreements amid the ongoing legal proceedings.
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US banks announce big shareholder payouts as Fed eases stress tests
Wall Street's major banks, including JPMorgan and Goldman Sachs, announced significant shareholder payouts after passing relaxed regulatory stress tests, reflecting a less stringent banking environment post-2008 financial crisis. JPMorgan plans a $50 billion share buyback and increases its dividend to $1.50 per share, while Goldman raises its dividend by 33% to $4, marking a shift towards increased capital returns to shareholders. Explain It To Me Like I'm 5: Big banks are giving more money to...
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