Over 25 lbs. of cocaine and a gun were found after a group of 16 illegal immigrants jumped off a boat into the ocean. They were apparently stowaways aboard a cargo ship headed to Puerto Rico. Transgender bathroom use is in the spotlight again. Both the Iowa House and Senate have approved a bill on […]
First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to stabilize the troubled firm. It’s the third bank to be rescued in less than a week. First Republic, like Silicon Valley Bank and Signature Bank, reportedly had a large number of uninsured deposits, triggering fears that customers […]
The banking sector unrest could be hiding a bigger problem in the U.S. economy, according to an analyst. It has to do with how we approach financial assets. Treasury Secretary Janet Yellen is telling lawmakers the U.S. banking system is stable, amid fears of a banking crisis. Another bank rescued: First Republic Bank gets a […]
Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country—a decision that follows the collapse of two banks over the weekend. In addition to First Republic, the banks under Moody’s downgrade review include Comerica Inc, UMB Financial Corp., Zions […]
President Joe Biden reassures Americans that the banking system is still safe, after Silicon Valley Bank collapsed last week. Shares of First Republic Bank plunge, despite the lender telling customers their deposits are safe. Who should be held accountable for the collapse of Silicon Valley Bank? Biden approves an oil drilling project in Alaska—a victory […]
Shares of First Republic Bank plunged more than 60 percent in premarket trading on March 13, despite the lender reassuring customers that their deposits are safe amid concerns surrounding the collapse of Silicon Valley Bank (SVB) and Signature Bank. In an email to clients on Sunday, First Republic Founder and Executive Chairman Jim Herbert and CEO and President […]
