Explainer-Why First Republic Bank failed and what JPMorgan’s deal means
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late…
US
Biden urges Republicans take debt default off table, warns interest rates would jump
By Jeff Mason and Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden on Monday urged House of Representatives Speaker Kevin…
All eyes on Lyft’s new CEO as Wall Street awaits turnaround plan
(Reuters) – Lyft Inc’s revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter,…
Biden should invite Israeli PM to White House, McCarthy says
By Emily Rose JERUSALEM (Reuters) -The U.S. should invite Israeli Prime Minister Benjamin Netanyahu to the White House for an…
IMF’s Georgieva says more vulnerabilities in banking sector may be exposed
BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be…
Options traders remain wary of regional banks after First Republic rescue
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – The weekend rescue of troubled lender First Republic Bank…
IMF lauds ‘quick and orderly resolution’ of First Republic by US regulators
WASHINGTON (Reuters) – The International Monetary Fund (IMF) appreciates quick action by U.S. regulators to seize First Republic Bank and…
Fifth Third Bancorp bid for First Republic before sale to JPMorgan -sources
By Anirban Sen and David French NEW YORK (Reuters) – Fifth Third Bancorp was one the banks that submitted final…
ACLU sues Montana House Speaker for silencing transgender legislator
(Reuters) – The American Civil Liberties Union (ACLU) sued Montana and its Republican House Speaker on Monday, accusing them of…
US manufacturing contracts again in April, but pace slows
By Lucia Mutikani WASHINGTON(Reuters) – U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and…