Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury May 1, 2023 The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance...
Epstein Victim Suing JPMorgan Seeks Class-Action Status May 1, 2023 By Robert Burnson A victim of Jeffrey Epstein asked a judge to let her represent more than 100 other women in a lawsuit...
Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto May 1, 2023 By Luc Cohen A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison for...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction May 1, 2023 By Scott Murdoch, Niket Nishant and Chris Prentice Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits May 1, 2023 By Jack Queen A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to...
Fed Plans Broad Revamp of Bank Oversight After SVB Failure April 28, 2023 By Ann Saphir, Hannah Lang and Chris Prentice The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for...
Judge Denies Google’s Motion to Dismiss Advertising Antitrust Case April 28, 2023 By Diane Bartz A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused on advertising...
Hub International Garners Investment From PE Firm Leonard Green April 28, 2023 Hub International Limited (HUB) said it has entered into an agreement with private equity firm Leonard Green & Partners (LGP)...
J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals April 28, 2023 State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable April 28, 2023 By Chad Hemenway The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million...