By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc on Monday said it had again limited withdrawals from its $70 billion real estate income trust in April as investor redemption requests contin[...]
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May 1, 2023
FDIC report to reopen U.S. bank deposit insurance debate
By Hannah Lang (Reuters) – A key U.S. banking regulator is set to publish a comprehensive overview of the federal deposit insurance system on Monday, teeing up fresh debate about whether the gov[...]
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The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marki[...]
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Bond investors fearing recession, boost safety bets ahead of FOMC
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors, fearing a recession is around the corner and preparing for an end of the Federal Reserve’s tightening cycle, have embraced[...]
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U.S. Treasury encouraged by First Republic resolution, says banking system remains sound
WASHINGTON (Reuters) -The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking system remains s[...]
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Subway shed more U.S. sandwich shops in 2022 -document
By Hilary Russ NEW YORK (Reuters) – Subway, which is exploring a potential $10 billion sale, further shrank last year in the United States as franchisees closed 2.7% of the brand’s sandwic[...]
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Twitter to take 10% cut on content subscriptions after 12 months (April 28)
(This April 28 story has been corrected to attribute the cut taken on subscriptions to iOS and Android platforms, not Twitter, in paragraph 5) (Reuters) – Twitter Inc CEO Elon Musk said on Frida[...]
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Marketmind-Another one bites the dust
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. Just when you thought it was safe to go back into the banking system, First Republic Bank has folded and U.S. r[...]
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Fed report on SVB collapse could buoy shareholder lawsuits
By Jack Queen (Reuters) -A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for all[...]
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