Large Regional Banks
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Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Regulators seized troubled Philadelphia bank Republic First Bancorp and sold it to fellow regional lender Fulton Financial.
Regulators seized troubled Philadelphia bank Republic First Bancorp and sold it to fellow regional lender Fulton Financial.The Wall Street Journal - World -
Ancient Female Ballplayer from Huasteca Region on Exhibit
The statue will be part of “Ancient Huasteca Women: Goddesses, Warriors and Governors” at the National Museum of Mexican Art in Chicago.The New York Times - Science -
Ancient Female Ballplayer from Huasteca Region on Exhibit
The statue will be part of “Ancient Huasteca Women: Goddesses, Warriors and Governors” at the National Museum of Mexican Art in Chicago.The New York Times - Science -
Woman seriously injured in dog attack
The animal, described as a "large bulldog-type dog" was put down after the incident on Saturday.BBC News - Top stories -
Op-ed: My bank, their bank or our bank
One of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.CNBC - Business -
Grizzly bears to be restored to U.S. region where they were wiped out
There has been no confirmed evidence of a grizzly within the North Cascades Ecosystem in the U.S. since 1996.CBS News - Top stories -
A Hindu festival in southwestern Pakistan brings a mountainous region to life
More than 100,000 Hindus are expected to climb mud volcanoes and steep rocks in southwestern Pakistan as part of a three-day pilgrimage to one of the faith's holiest sitesABC News - World - Pakistan -
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TPG Telecom Agrees to Regional Network Sharing Deal With Optus
TPG Telecom will pay Optus about $653.2 million to use its rival’s mobile infrastructure in regional Australia after regulators blocked an earlier plan to share with Telstra.The Wall Street Journal - World -
TPG Telecom Agrees to Regional Network Sharing Deal With Optus
TPG Telecom will pay Optus about $653.2 million to use its rival’s mobile infrastructure in regional Australia after regulators blocked an earlier plan to share with Telstra.The Wall Street Journal - Business -
Many large U.S. cities are in deep financial trouble. Here's why
Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.CNBC - Business -
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge
Hertz’s stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles.MarketWatch - Business -
Xi and Blinken Trade Small Nods Over a Large Gap
The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments’ core differences.The New York Times - Top stories - China -
Xi and Blinken Trade Small Nods Over a Large Gap
The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments’ core differences.The New York Times - Business - China -
Americans largely split on support for Ukraine aid as Congress passes deal: Survey
Americans are split about whether the United States should continue to send more aid to Ukraine for its war with Russia, despite Congress recently passing a bill to do so, a new survey found. The survey, conducted by YouGov, found that 28 percent ...The Hill - Politics - Ukraine -
Elliott Management builds large stake in Warren Buffett favorite Sumitomo: report
The activist fund has built a stake in Japanese trading house Sumitomo Corp, which counts Warren Buffett’s Berkshire Hathaway as its top shareholderMarketWatch - Business -
Xi and Blinken Trade Small Nods Over a Large Gap
The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments’ core differences.The New York Times - Business - China -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
United Methodists endorse change that could give regions more say on LGBTQ issues
United Methodist delegates have endorsed a constitutional amendment that could let the U.S. church — where support has grown for the ordination of LGBTQ people and same-sex marriage — authorize such rites, even as more conservative churches would ...NBC News - Top stories -
United Methodists OK change that could give regions more say on LGBTQ issues
If ratified, one effect of the change is that it could allow for the American church to authorize same-sex marriages within the church.CBS News - Top stories -
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Investigation underway after freight train carrying fuel derails, igniting large fire
A BNSF freight train derailed on Friday at 1:45 p.m. MT near Manuelito, New Mexico, according to the National Transportation Safety Board.ABC News - Top stories -
Ancient 'Paleo' diet largely consisted of plants for some hunter-gatherers, study finds
Prehistoric humans are often believed to have largely eaten meat — to the extent that proponents of many modern low-carb diets portray them as closely resembling humans' “primordial” eating style. But a recent excavation at a cave in Taforalt, ...The Hill - Politics -
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Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Top stories -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Politics -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Sequoia commits to backing Musk’s xAI start-up
Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivalsFinancial Times - Business -
Harvey Weinstein’s rape conviction in New York overturned on appeal
State appeals court found mistakes in prosecution of former film mogul that gave momentum to #MeToo movementFinancial Times - Business - New York -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.The Wall Street Journal - World -
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 -
Capital levels are a poor predictor of bank failure
Regulators should be embracing much more sophisticated measures of lenders’ healthFinancial Times - Business