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March 16, 2023

Former JPMorgan Executive, Ex-Barclays CEO Staley To Be Deposed Next Week
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Former JPMorgan Executive, Ex-Barclays CEO Staley To Be Deposed Next Week

The Cheap InvestorMarch 16, 20230

By Tatiana Bautzer NEW YORK (Reuters) – Former JPMorgan Chase & Co. executive Jes Staley is expected to be deposed…

New Zealand To Ban TikTok On Devices Linked To Parliament
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New Zealand To Ban TikTok On Devices Linked To Parliament

The Cheap InvestorMarch 16, 20230

SYDNEY (Reuters) -New Zealand will ban TikTok on devices with access to the parliamentary network because of cybersecurity concerns, a…

Amgen To Cut 450 Jobs In Second Round Of Layoffs This Year
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Amgen To Cut 450 Jobs In Second Round Of Layoffs This Year

The Cheap InvestorMarch 16, 20230

(Reuters) – Amgen Inc said on Thursday it would cut 450 jobs, or less than 2% of its workforce, making…

FedEx Raises Full-year Earnings Forecast After Cost Cuts, Shares Soar
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FedEx Raises Full-year Earnings Forecast After Cost Cuts, Shares Soar

The Cheap InvestorMarch 16, 20230

By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast despite weak market…

Panama Sees Limited Risk From US, European Bank Problems
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Panama Sees Limited Risk From US, European Bank Problems

The Cheap InvestorMarch 16, 20230

PANAMA CITY (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”,…

China Opposes U.S. Adding Chinese Firms To Trade Blacklist
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China Opposes U.S. Adding Chinese Firms To Trade Blacklist

The Cheap InvestorMarch 16, 20230

(This March 3 story has been corrected to say that only one unit of BGI Genomics was added to the…

Banks Sought Record Fed Liquidity In Wake Of SVB Collapse
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Banks Sought Record Fed Liquidity In Wake Of SVB Collapse

The Cheap InvestorMarch 16, 20230

By Michael S. Derby NEW YORK (Reuters) – Banks sought record amounts of emergency liquidity from the Federal Reserve over…

First Republic Bank Gets $30 Billion In Deposits From Big Banks
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First Republic Bank Gets $30 Billion In Deposits From Big Banks

The Cheap InvestorMarch 16, 20230

(Reuters) -First Republic Bank has received $30 billion in deposits from several big banks, the banks said in a statement…

Exclusive-Credit Suisse Says LCR Was Unchanged Between March 8 And March 14, Despite Crisis
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Exclusive-Credit Suisse Says LCR Was Unchanged Between March 8 And March 14, Despite Crisis

The Cheap InvestorMarch 16, 20230

By Selena Li and Elisa Martinuzzi (Reuters) – Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how…

Exclusive-Credit Suisse Tells Staff SNB Facility Does Not Trigger A 'viability' Event
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Exclusive-Credit Suisse Tells Staff SNB Facility Does Not Trigger A ‘viability’ Event

The Cheap InvestorMarch 16, 20230

By Selena Li (Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss…

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