By Lananh Nguyen and Pete Schroeder NEW YORK (Reuters) – Employees of Silicon Valley Bank were offered 45 days of employment at one and a half times their salary by the Federal Deposit Insurance Corp, the U.S. regulator that took control of the collapsed lender on Friday, according to an email to staff seen by …
Silicon Valley Bank staff offered 45 days of work at 1.5 times pay Read More »
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) – The rapid unraveling of SVB Financial Group has blindsided the banking industry after years of stability. The collapse on Friday, the largest bank failure since the 2008 financial crisis, had a unique set of circumstances but raised questions about hidden weaknesses that could have consequences …
By Anna Mehler Paperny and Ted Hesson CHAMPLAIN, New York and WASHINGTON (Reuters) – Bookseller Zulema Diaz fled her native Peru after being kidnapped, beaten and robbed, hoping to find safety in the United States. Instead, she said she experienced homelessness and sexual harassment as she worked off-the-books on a hospital cleaning crew. So when …
Canada immigration: Why record asylum seekers are crossing U.S. border Read More »
By Nancy Lapid (Reuters) – The cost of expanding U.S. Medicare prescription drug coverage to pay for expensive, new obesity medications could be catastrophic, health economists warned in a report published on Saturday. Big-selling diabetes drugs have been repurposed as obesity treatments after demonstrating weight loss of more than 20% in clinical trials. While they …
Economists warn of costs if US Medicare covers new obesity drugs Read More »
(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk reported on Saturday citing a source. Democratic U.S. Representative Maxine Waters held briefings with officials from the two regulators and the Treasury Department, hours after the startup-focused SVB’s collapse, the …
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse – Coindesk Read More »
By Mike Stone and David Shepardson WASHINGTON (Reuters) – The Biden administration will modify, but continue with, an Air Force One paint scheme that closely resembles the current white with two shades of blue, which dates back to President John F. Kennedy’s administration, the Air Force said on Friday. A red, white and blue paint …
Biden faithful to Air Force One paint job – Air Force Read More »
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives voted unanimously on Friday to require Director of National Intelligence Avril Haines to declassify information on the origins of COVID-19, increasing pressure on President Joe Biden’s administration to allow its release. The vote was 419 to 0 in favor. Since the Senate on March …
US House unanimously backs COVID origins information declassification Read More »
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday. (This story has been corrected to say that Musk has exercised option to buy Tesla shares and removes reference to $50,000 in headline and paragraph 1) (Reporting by Akanksha …
Elon Musk exercises options to acquire 10,500 Tesla shares – filing Read More »
By Steve Gorman (Reuters) -More than a quarter-century after college freshman Kristin Smart vanished in what became one of California’s most notorious unsolved crimes, the man ultimately convicted of killing her was sentenced on Friday to serve 25 years to life in prison. The prison term imposed on Smart’s one-time classmate, Paul Flores, the maximum …
California man gets 25 years to life for 1996 murder of student Kristin Smart Read More »
By Lananh Nguyen and Pete Schroeder NEW YORK (Reuters) -Greg Becker, the chief executive of SVB Financial Group, sent a video message to employees acknowledging the “incredibly difficult” 48 hours leading up to the collapse of its Silicon Valley Bank on Friday. “It’s with an incredibly heavy heart that I’m here to deliver this message,” …
SVB CEO Becker addresses employees with ‘heavy heart’ in video Read More »
