Route 10 West reopens after partial lane collapse near Dover Chester Road in Randolph
RANDOLPH, N.J. — Repairs are complete and all lanes of Route 10 West are now open after a partial lane collapse earlier Saturday forced a temporary closure, police said. According to Randolph…
U.S. Republicans seek answers from regulators over SVB’s collapse – Thune
(Reuters) – Most Republican members want answers from regulators as to why they were “asleep at the switch” over the collapse of Silicon Valley Bank and it is premature to discuss legislative…
Latin American tech startups scramble after SVB collapse
By Kylie Madry MEXICO CITY (Reuters) – Tech startups in Latin America are struggling to find banking alternatives after the sudden crash of Silicon Valley Bank (SVB), one of the few banks…
Israel Finance Minister says immediate liquidity risk averted after SVB collapse
JERUSALEM (Reuters) – Israel’s Finance Ministry said on Tuesday that a panel formed to assess the fallout from the collapse of Silicon Valley Bank determined that the immediate liquidity risk has been…
U.S. banking behemoths attract flood of deposits after SVB collapse -sources
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers have flooded banking giants, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc with deposits after the…
No all-clear yet for European banks after SVB collapse – German economist
BERLIN (Reuters) – European banks are not completely in the clear after the collapse of Silicon Valley Bank and Signature Bank even though they do not face a systemic risk, the president…
Domestic data, not SVB collapse, in focus for rate hikes in Australia – top bank analysts
By Sameer Manekar and Mehr Bedi (Reuters) – Australia’s economic health will be its central bank’s compass for plotting the course of rate hikes, as stringent regulation insulates its banking sector from…
Japan’s policymakers play down contagion risk from SVB collapse
TOKYO (Reuters) – Japanese policymakers on Tuesday played down the risk of the economy taking a hit from the collapse of U.S. lender Silicon Valley Bank, even as fears of a contagion…
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse Jason Cohen on March 13, 2023 The Biden administration stated in their Bank Term Funding Program…
How Silicon Valley Bank’s collapse ripped through global tech
By Martin Coulter (Reuters) – Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. “Around…
‘They’re Not God’: GOP Presidential Candidate Rips Federal Reserve Over Bank Collapse, Vows Reform
‘They’re Not God’: GOP Presidential Candidate Rips Federal Reserve Over Bank Collapse, Vows Reform Harold Hutchison on March 13, 2023 Republican presidential candidate Vivek Ramaswamy slammed the Federal Reserve Monday over the…
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse Mary Lou Masters on March 13, 2023 The collapse of Silicon Valley Bank (SVB) has sparked comments from…
Italy says hopes EU acts to shore up banks if needed, after SVB collapse
ROME (Reuters) – Italy’s Economy Minister Giancarlo Giorgetti is closely watching market developments following the collapse of the Silicon Valley Bank (SVB), the ministry said on Monday, adding that the European Union…
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse – Coindesk
(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk reported on Saturday citing a source. Democratic…
Construction company, foreman convicted after wall collapse killed worker in Brooklyn
NEW YORK, NY – A New York City construction company and that company’s foreman have been convicted after a worker was killed at a Brooklyn job site due to their negligence. In…
AMD shares jump as earnings defy collapse seen at Intel
By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s upbeat earnings showed that it was making up for a personal-computer slump…
India police charge 10 with homicide over bridge collapse that killed 135
By Sumit Khanna AHMEDABAD, India (Reuters) – Police in India on Friday charged 10 people with homicide in connection with the collapse of a colonial-era footbridge last year that killed at least…
Big rig crashes into gas station causing roof collapse
RAWLINGS, MD -A tractor-trailer crashed into a gas station on McMullen Highway in Rawlings on Friday. According to the Allegany County Sheriff’s Office, the tractor-trailer had left the roadway and collided with…
Brazil’s Eletrobras probes collapse of transmission towers – sources
SAO PAULO (Reuters) – Brazilian energy company Eletrobras is investigating whether the collapse of two transmission towers were related to anti-government riots in Brazil on Sunday, according to two sources familiar with…
Solana crypto token loses most of its value in 2022, FTX collapse weighs
NEW YORK (Reuters) – The price of Solana, a cryptocurrency token that had been lauded by FTX founder Sam Bankman-Fried, fell 10.36% on Wednesday, and is down 94.2% so far in 2022.…
Russian pipeline gas exports to Europe collapse to a post-Soviet low
By Vladimir Soldatkin MOSCOW (Reuters) – Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine…
Bankman-Fried charged with fraud in FTX’s collapse
(Reuters) – Here are reactions to accusations of fraud and other charges brought on Tuesday against Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX. OMID MALEKAN, adjunct professor at…
‘Empire Of Fraud’: Cryptocurrency Reporter Calls FTX Collapse The End Of A ‘Cryptographic Scam’
A journalist covering cryptocurrency told Fox News host Tucker Carlson Thursday that the collapse of FTX was the “end of the mirage” on a “financialized” economy. FTX, a cryptocurrency exchange, filed for bankruptcy Nov.…
Cryptocurrency Reporter Calls FTX Collapse The End Of An ‘Empire Of Fraud’
A journalist covering cryptocurrency told Fox News host Tucker Carlson Thursday that the collapse of FTX was the “end of the mirage” on a “financialized” economy. FTX, a cryptocurrency exchange, filed for bankruptcy Nov.…
REUTERS NEXT: After FTX collapse, pressure builds for tougher crypto rules
(Reuters) – Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for…
Federal Prosecutors Had FTX On Their Radar Months Before Collapse: REPORT
Federal Prosecutors Had FTX On Their Radar Months Before Collapse: REPORT John Hugh DeMastri on November 21, 2022 Federal prosecutors from Manhattan investigated for months the now-bankrupt cryptocurrency exchange FTX in connection…
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