Weak earnings and even worse conference calls drove UPS (UPS) and First Republic Bank (FRC) down right from the open, then even lower as the day unfolded. Between these stocks,…
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First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarter
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Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from…
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Thousands of SVB staffers to receive $25 million in payroll stuck in stock purchase program
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About 4,000 employees of Silicon Valley Bank are set to receive $25 million that has been trapped for weeks in an employee stock purchase program, according to the Federal Deposit…
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First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements
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First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading of First Republic shares was halted several…
The Minnesota House was considering a ‘red flag law’ on Tuesday to allow the temporary confiscation of guns from people judged to be an immediate threat to themselves or others,…
Economy
Chief Justice John Roberts declines Senate Democrats’ request to testify on Supreme Court ethics rules
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Supreme Court Chief Justice John Roberts has declined an invitation by Senate Democrats for him, or another justice, to testify before the Senate Judiciary Committee concerning the ethics rules that…
Economy
Whistleblower to tell House that US govt is ‘middleman’ in multi-billion dollar migrant child trafficking op
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FIRST ON FOX: A House Judiciary subcommittee hearing on Wednesday will feature the testimony from a whistleblower who will warn lawmakers that the U.S. has become the ‘middleman’ in a…
Indiana Republican state Senators signaled their final approval Tuesday of a bill that would remove the requirement for administrators to discuss some topics with a teachers union representative, a proposal…
Georgia is creating a $750,000 grant program to support mental health programs for military service members, veterans and their families through a law signed Tuesday by Gov. Brian Kemp. Georgia’s…
They called them ‘green on green’ attacks in Afghanistan. That’s when Afghan police fought with local military troops. On Capitol Hill recently, it was ‘Green on Greene.’ ‘Green’ is…