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Customers Bancorp weighs making an offer for Silicon Valley Bank – Bloomberg News

(Reuters) -Customers Bancorp Inc is exploring a deal for all or part of the failed Silicon Valley Bank, Bloomberg News reported on Thursday, citing people familiar with the matter. The Pennsylvania-based lender has been seeking potential co-investors for a deal for Silicon Valley Bank, according to the report. The Federal Deposit Insurance Corp (FDIC), which …

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Student who shot 2 high school administrators was on probation for weapons charge

By Keith Coffman DENVER (Reuters) – The student who shot and wounded two Denver high school administrators and later took his own life was on probation at the time for a previous firearms offense, Reuters confirmed through a source with knowledge of the case on Thursday. Wednesday’s shooting at East High School, the second in …

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U.S. Sen. Graham admonished by chamber’s ethics panel for campaign-related violation

WASHINGTON (Reuters) – A bipartisan congressional ethics panel admonished Senator Lindsey Graham on Thursday, saying the South Carolina Republican violated rules by soliciting campaign donations in a federal building last year for Senate candidate Herschel Walker. Walker, a former NFL football player, was former President Donald Trump’s handpicked Senate Republican candidate for Georgia in 2022. …

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Wall St ends higher as Yellen vows actions to safeguard deposits

By Stephen Culp NEW YORK (Reuters) – Wall Street closed higher on Thursday as market participants were reassured by U.S. Treasury Secretary Janet Yellen’s reassurances that measures will be taken to keep Americans’ deposits safe. All three major U.S. stock indexes reversed an earlier rally, turning red before clawing their way back to positive territory …

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Trial witness against Theranos’ Elizabeth Holmes sues Disney, Hulu over miniseries

By Jonathan Stempel NEW YORK (Reuters) – A key prosecution witness whose testimony helped convict Theranos founder Elizabeth Holmes of fraud sued Walt Disney Co on Thursday over a recent Hulu miniseries that he says defamed him by portraying him as corrupt. Adam Rosendorff, a former Theranos lab director, objected in a New York state …

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US House Republicans readying debt ceiling ‘term sheet’ conditions

By David Morgan and Richard Cowan WASHINGTON (Reuters) -U.S. House Republicans are working on a “term sheet” of conditions they would want Democrats to agree to before voting to raise the government’s $31.4 trillion debt ceiling, which would be necessary to avert a historic default that could shake the economy. House Budget Committee Chairman Jodey …

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Parkland parents forcibly removed, arrested at U.S. House hearing on gun control

By Moira Warburton WASHINGTON (Reuters) – The parents of one of the 17 people killed in a 2018 mass shooting at a high school in Parkland, Florida, were forcibly removed on Thursday from a U.S. House of Representatives hearing on guns, videos showed. Manuel Oliver was pinned to the ground outside the hearing and arrested …

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