Another US Bank Closed, JP Morgan To Acquire Assets Of First Republic Bank
All depositors of First Republic Bank will become depositors of JPMorgan Chase Bank, National Association, and will have full access to all of their deposits.
May 01, 2023, 18:14 PM IST"My Daughter Made Her Husband A Prime Minister," UK PM Sunak's Mother-In-Law Sudha Murty
UK PM's mother-in-law, Sudha Murty, has claimed in a video circulating online that because of her daughter, Rishi Sunak became the youngest prime minister of UK.
Apr 28, 2023, 09:56 AM ISTBuzzfeed News Shutting Down, 15% Staff To Be Fired
The company would focus on HuffPost, which it acquired in 2020, as the company's news brand.
Apr 21, 2023, 12:17 PM ISTPopular Tourist Destination Hawaii Plans Fees For Ecotourism Crush
The governor campaigned last year on a platform of having all tourists pay a USD 50 fee to enter the state. Legislators think this would violate US constitutional protections for free travel and have
Apr 05, 2023, 15:46 PM ISTJohnson & Johnson Offers $8.9 Billion To Settle 'Talc Caused Cancer' Lawsuits
Johnson & Johnson and its other affiliates did not file for bankruptcy protection and will continue to operate their businesses as usual, it said.
Apr 05, 2023, 15:17 PM ISTAjay Banga Poised To Become World Bank Chief Unopposed
The World Bank's Board of Executive Directors will interview Banga before he is formally appointed.
Mar 31, 2023, 09:16 AM ISTFTX Founder Sam Bankman-Fried Charged With Paying USD 40 Million Bribe To China
FTX filed for bankruptcy on November 11, when it ran out of money after the equivalent of a bank run on the global cryptocurrency exchange.
Mar 29, 2023, 08:26 AM ISTDisney's 1st Job Cut Round Begins This Week, 7,000 Employees To Be Hit
The job cuts will reportedly affect Disney`s media and distribution segment along with ESPN and the parks and resorts division.
Mar 28, 2023, 09:08 AM ISTFirst Citizens Bank Acquires Deposits And Loans Of Failed Silicon Valley Bank
The 17 former branches of Silicon Valley Bank will now open as First-Citizens Bank and Trust Company starting today.
Mar 27, 2023, 15:10 PM ISTPakistan Economic Crisis: Onions Prices Rise By 228%, Wheat Rates Up By 120% - Check Rates Of Other Kitchen Items Here
According to a report by pkrevenue, the price of onions in Pakistan has increased by 228,28 percent, and the price of wheat flour has increased by 120,66 percent.
Mar 26, 2023, 21:47 PM ISTM3M Hurun Global Rich List 2023: These 5 Countries Have Most Self-Made Billionaires
Mar 23, 2023, 15:56 PM IST
EU Plans To Make Mandatory For Companies To Offer Repairs For Worn-Out Products Up To 10 Years Under New Proposed Rules
Under the EU rules, companies would have to repair a defective product for free within the two-year legal guarantee period, if the cost of repair is cheaper or equal to replacing the product. After
Mar 23, 2023, 14:05 PM ISTUS Fed Further Hikes Interest Rate By 25 Bps In Fight Against High Inflation Amid Turmoil Of Banking System
After the latest hike in rates, the US monetary policy committee anticipates that some "additional policy firming" may be appropriate in order to attain a stance of monetary policy that is
Mar 23, 2023, 13:17 PM ISTUBS To Buy Credit Suisse For $3.2 Billion To Rein In Turmoil
The Swiss Federal Council, a seven-member governing body that includes Berset, passed an emergency ordinance allowing the merger to go through without the approval of shareholders.
Mar 20, 2023, 08:17 AM ISTChina Cuts Banks' Reserve Ratio For First Time In 2023 To Aid Recovery
The central bank has promised to make its policy "precise and forceful" this year to support the economy, keeping liquidity reasonably ample and lowering funding costs for businesses.
Mar 17, 2023, 17:33 PM ISTEuropean Central Bank Increases Key Rate By 50 Bps Amid Global Banking Turmoil
While systemic banking crises generally morph into deep recessions, the euro zone's financial system is in its best shape in years, with capital, liquidity and profits all at healthy levels.
Mar 16, 2023, 19:29 PM ISTInvestment Banker Credit Suisse Secures $54 Bln Lifeline As Authorities Rush To Avert Global Bank Crisis
Credit Suisse is the first major global bank to be given an emergency lifeline since the 2008 financial crisis and its problems have raised serious doubts over whether central banks will be able to
Mar 16, 2023, 12:14 PM IST'Your Deposits Will Be There When You Need Them': US President Joe Biden On SVB Crisis
US regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once.
Mar 13, 2023, 19:06 PM ISTFDIC Nominated Fannie Mae's Former CEO, Tim Mayopoulos, To Lead Silicon Valley Bank
Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.
Mar 13, 2023, 17:57 PM ISTAfter SVB & Signature Bank's Collapse, Biden To Brief Today On Maintaining Banking System
Signature Bank was closed by the state regulators on Sunday, becoming the second US bank after Silicon Valley Bank which collapsed on Friday.
Mar 13, 2023, 14:57 PM IST