By Manya Saini (Reuters) – Shares of several regional lenders fell on Monday after the collapse of First Republic Bank, the third major casualty of the biggest crisis to hit the U.S. banking sector since 2008. The banking turmoil erupted from the closure of Silicon Valley Bank and Signature Bank in March, causing depositors to…
By Daniel Wiessner (Reuters) -The U.S. Supreme Court on Monday agreed to examine how difficult it should be for financial whistleblowers to win retaliation lawsuits against their employers as the justices took up a long-running case involving Switzerland’s UBS Group AG. The justices will hear an appeal by Trevor Murray, a former UBS bond strategist,…
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s government published an executive order aimed at increasing revenue by taxing the capital income from financial investments obtained abroad by individuals who reside in Brazil. Income earned from Jan. 1, 2024, will be considered for that purpose, said the text of the measure published on Sunday…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature Bank to strengthen public confidence in the banking system and would continue to do so. In a statement to the Treasury Borrowing Advisory…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature Bank to strengthen public confidence in the banking system and would continue to do so. In a statement to the Treasury Borrowing Advisory…
By Steve Gorman (Reuters) -Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without requiring greater environmental study. The lawsuit comes 11 days after SpaceX made good on a new FAA license to send…
By Karen Lema and David Brunnstrom MANILA/WASHINGTON (Reuters) -Philippine President Ferdinand Marcos Jr said his meeting with U.S. President Joe Biden on Monday was essential in advancing his country’s national interest and strengthening the “very important alliance” between Manila and Washington. Before leaving for his four-day official visit to Washington, Marcos said on Sunday he…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide whether the government can require commercial fishermen to help fund a program monitoring herring catches off New England’s coast in a case that could undercut the regulatory power of federal agencies. The justices took up an appeal by New Jersey-based…
By Hannah Lang and Ann Saphir WASHINGTON (Reuters) – A key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that significantly increasing the backstop for bank accounts used for business purposes was the “most promising.” In the wake of March’s lightning-fast bank…
(Reuters) – A Texas A&M University-Texarkana baseball player who was struck by a stray bullet during a game remains in stable condition in an intensive care unit and has “significant injuries and complications” to overcome, the school said on Monday. Matthew DeLaney of Princeton, Texas, was hit on Saturday by a bullet that was fired…
