NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently, a person familiar with the matter said on Friday. T[...]
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April 28, 2023
Wall St ends higher, posts weekly, monthly gains on solid earnings, Fed pause hopes
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields dipped at the end of a week marked by strong earnings, wrapping up a solid mont[...]
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Lyft asks employees to come to office more regularly
(Reuters) – Lyft Inc said on Friday it has asked employees to return to office, the latest move by new CEO David Risher after the ride-hailing firm decided to cut 26% of its workforce. “To[...]
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First Republic options draw bears, though cashing in could be a problem
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Bearish options traders are ramping up bets on further declines in the beaten-down shares of First Republic Bank, though strategists[...]
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White House: Fed report on SVB reinforces need for regulatory, supervisory reforms
WASHINGTON (Reuters) – The Federal Reserve Board’s independent review of Silicon Valley Bank’s collapse reinforces the need for “the commonsense regulatory and supervisory refo[...]
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U.S. engineers recommended grounding Boeing 737 MAX soon after second crash – report
By David Shepardson WASHINGTON (Reuters) -Some Federal Aviation Administration (FAA) engineers recommended grounding the Boeing 737 MAX in March 2019 after a second fatal crash and before the agency t[...]
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Supervisory staff shortages come into focus in Fed, FDIC reviews of failed banks
By Hannah Lang (Reuters) – Among the key findings revealed on Friday in the Federal Reserve and Federal Deposit Insurance Corp assessments of the causes of last month’s two huge U.S. bank[...]
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US dollar firms as inflation data backs Fed hike; yen plunges
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on tr[...]
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SEC looks down on UpToken, imposes crypto fines
By Jonathan Stempel (Reuters) – The U.S. Securities and Exchange Commission has fined Seattle-based Coinme and related defendants nearly $4 million for conducting an unregistered and misleading[...]
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