(Reuters) – U.S. stock index futures were muted on Monday as investor focus shifted to the Federal Reserve’s policy decision expected this week, while regulators said First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co. The benchmark S&P 500 registered a second consecutive monthly gain…
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 sound and resilient, a Treasury spokesperson said early Monday. U.S. regulators on Monday seized First Republic, the third major U.S. institution to fail in two…
By Michael Holden and Sarah Mills LONDON (Reuters) – After waiting longer than any British heir to become monarch, King Charles has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming. The 74-year-old Charles, who will be formally crowned…
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 sandwich shops, squeezing its royalties and fees. The chain shed another net 571 locations in 2022 after even steeper closings in previous years in…
(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 Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks…
(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. regulators have agreed to sell its assets to JPMorgan. JPMorgan was one of a number of interested buyers…
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 allegedly hiding risks that led to its stunning downfall, legal experts said. The Fed took its own share of the blame for SVB’s sudden…
(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, marking the third major U.S. bank to fail in two months. Last week, First Republic reported a more than $100 billion plunge in deposits in…
(Reuters) – An explosion in a Russian region bordering Ukraine derailed a freight train on Monday, the local governor said in a social media post, adding there were no casualties. Pictures shared on social media showed several tank carriages laying on their side and dark grey smoke billowing into the air at the site of…
By Joyce Zhou MACAU (Reuters) -Hundreds of thousands of mainland Chinese visitors have descended on the world’s biggest gambling hub of Macau for the Labour Day holiday, packing tightly into its narrow cobblestone streets and placing bets in its glitzy casinos. The surge in visitors comes after China and its special administrative region Macau lifted…
