First Citizens shares soar 50% after the bank buys a large chunk of failed Silicon Valley Bank
First Citizens BancShares will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just…
‘The first bank crisis of the Twitter generation’: The pressure on banks is very different from 2008
LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of…
Pfizer signs agreement with China on improving health coverage in the country
BEIJING — U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage,…
China’s debt-heavy local governments look for new ways to raise cash
BEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that’s made clear…
In Ghana, Kamala Harris ‘excited about the future of Africa’
Vice President Kamala Harris was greeted by schoolchildren, dancers and drummers as she arrived Sunday in Ghana for the start…
U.S. House speaker McCarthy says lawmakers to move forward with TikTok bill
U.S. House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security…
Biden’s pick to lead FAA withdraws amid shaky Senate support
President Joe Biden’s choice to run the Federal Aviation Administration has withdrawn his nomination, a setback for the administration that…
Mitch McConnell leaves rehab facility after therapy for concussion
Senate Republican leader Mitch McConnell said Saturday he has been released from the rehabilitation facility where he had physical therapy…
Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over…
