Banks Weigh Rescuing
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A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.The New York Times - Business -
Castellanos and Rojas rescue Phillies with 9th-inning jacks
The ninth-inning heroics of Nick Castellanos and Johan Rojas Tuesday night turned a would-be frustrating loss into one of the Phillies' best wins of the month.Yahoo Sports - Sports -
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount
The company veteran stepped down Monday with Paramount in the midst of a merger drama.The Wall Street Journal - Business -
House Democrats Say They Would Rescue Speaker Mike Johnson
GOP Rep. Marjorie Taylor Greene filed motion in March to try to remove him from office.The Wall Street Journal - World -
Nine Rescued in Atlantic After Days on Wreckage of Migrant Boat
The survivors told Spanish authorities that about 60 people had been aboard when their vessel set out for the Canary Islands from Senegal.The New York Times - World -
How a negotiation over cable fees could weigh on Paramount's sale
Charter pays Paramount to carry its channels, including CBS and Nickelodeon. The outcome of the negotiations could weigh on Paramount's valuation in the event of a sale.Los Angeles Times - Entertainment -
Fight over Johnson’s fate heats to a boil as Democrats vow unprecedented rescue
The simmering debate over the fate of Speaker Mike Johnson (R-La.) reached a rolling boil on Tuesday when top Democrats vowed to shield the embattled GOP leader from a conservative coup — and immediately prompted the coup’s ringleader to pledge a ...The Hill - Politics -
100 Pilot Whales Are Rescued After Mass Stranding in Australia
Of the 160 whales stranded near the town of Dunsborough on Thursday morning, more than 100 were returned to the ocean. Twenty-nine others, however, died on the beach.The New York Times - Science - Australia -
Forbes and Swinney meet for SNP leadership talks
SNP leadership favourites John Swinney and Kate Forbes have yet to announce they are running for the top job.BBC News - Top stories -
DeSantis opens door to Trump truce as he weighs political future
Florida Gov. Ron DeSantis (R) is taking steps to thaw relations with former President Trump, his primary-season rival, as he considers his next political move — including another potential White House bid in 2028. DeSantis met with Trump in a ...The Hill - Politics - Donald Trump -
CVS’s stock suffers biggest drop in 15 years as Medicare Advantage issues weigh on results
Shares of CVS Health Corp. plunged Wednesday toward their biggest selloff in 15 years, after the pharmacy and healthcare-services company missed first-quarter earnings expectations as the Medicare Advantage business weighed heavily on results.MarketWatch - Business -
Orphaned bear cub thriving after rescue, wildlife refuge says
A bear cub is thriving after she was orphaned when a group of people were caught on camera pulling her from a tree to take pictures.CBS News - Top stories -
Hunting dog experts weigh in on South Dakota governor's alarming tale
South Dakota Governor Kristi Noem has faced widespread backlash recently for a gruesome story set to appear in her upcoming book.The Hill - Politics -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Issa Amro’s Nonviolent Resistance in the West Bank
Issa Amro, who has been arrested and beaten for simple acts of defiance, is trying to pursue nonviolent resistance in the West Bank at a time when violence has become inescapable.The New York Times - Top stories -
Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.CNBC - Business -
When do college protests become criminal? Experts weigh in amid Columbia building takeover
Pro-Palestinian protesters have taken over a building at Columbia University, marking a significant escalation for nationwide demonstrations that experts say have pressed and sometimes strayed from what is legally permissible. While protesting ...The Hill - Politics -
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BBVA approaches Sabadell to create €70bn Spanish banking giant
Tie-up between two lenders would near valuation of SantanderFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - World -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - Business -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - World -
She Was Convicted of Making a Bank Her Personal ATM---and Sentenced to Death
The case became one of the most high profile in a relentless anticorruption campaign in Vietnam dubbed the “Blazing Furnace.”The Wall Street Journal - World -
Cannabis Laws Are Changing, but Pot Merchants Still Can't Find Banks
Marijuana may become a less regulated Schedule III drug under federal regulations, but banking access remains an obstacle.Inc. - Business -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Banks face new risks as US tightens sanctions on Russia
Ukraine conflict shows no sign of abating — and financial institutions are being expected to implement the responseFinancial Times - World - Russia -
Israel accused of possible war crime over killing of West Bank boy
UN expert says death of 8-year-old appears to violate law after reviewing evidence gathered by BBC.BBC News - Top stories - Israel -
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiascoFinancial Times - Business -
Rescue effort underway after more than 500 baby sea turtles washed ashore in big storm off South Africa
More than 500 baby sea turtles were washed up on beaches by a rare and powerful storm off South Africa and rescued by members of the public.NBC News - Top stories -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
Kenya floods: tourists evacuated from Maasai Mara after river bursts banks
Kenya Red Cross rescues more than 90 people from hotels and lodges as heavy rainfall continues. Scores of tourists have been evacuated by air from Kenya’s Maasai Mara national reserve after more than a dozen hotels, lodges and camps were flooded ...The Guardian - World -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World