Reuters USA

By Kanjyik Ghosh (Reuters) -U.S. regulators are considering retaining ownership of securities owned by Signature Bank and Silicon Valley Bank to allow smaller banks to participate in auction for the collapsed lenders, a source familiar with the matter said on Friday. The move by Federal Deposit Insurance Corp (FDIC) is aimed at facilitating takeovers of …

U.S. FDIC weighs backstop on bank auctions to attract smaller peers – source Read More »

(Reuters) – Ratings agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and challenges faced by the lender due to increased reliance on funding amid deposit outflows. The agency cut the bank’s long-term issuer rating and local currency subordinate ratings to B2 from Baa1 and long-term …

Moody’s downgrades credit ratings on First Republic Bank Read More »

By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) – The Bank of Mexico’s Governor Victoria Rodriguez said on Friday the Mexican banking system is solid, vowing to remain vigilant but emphasizing there was no current reason for authorities to intervene. Rodriguez, a former deputy finance minister, was asked about possible contagion from the collapse …

Banxico governor sees no contagion in Mexico from U.S. banking crisis Read More »

By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -U.S. President Joe Biden said on Friday the banking crisis has calmed down after the recent collapse of Silicon Valley Bank (SVB) and Signature Bank. Biden has sought to reassure investors and depositors that the global banking system is safe as financial stocks have lost billions of …

Biden says banking crisis has calmed down Read More »

By Danielle Broadway LOS ANGELES (Reuters) -Actor Lance Reddick, best known for his commanding presence as a no-nonsense police chief on the acclaimed television drama “The Wire” and for his supporting work in the “John Wick” action-film series, died on Friday at age 60, his publicist said. Reddick died suddenly on Friday morning of natural …

Actor Lance Reddick, police chief on ‘The Wire,’ dead at age 60 Read More »

By Krystal Hu and Niket Nishant (Reuters) -HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make payroll in the immediate aftermath of Silicon Valley Bank’s collapse. The round, led by technology investor Greenoaks Capital, gave Rippling the same valuation …

HR startup Rippling raises $500 million in fresh funding after SVB collapse Read More »

By Jonathan Stempel NEW YORK (Reuters) – Former President Donald Trump and E. Jean Carroll have agreed to a single trial on whether Trump defamed the former Elle magazine columnist by denying he raped her in the mid-1990s. According to a letter filed late Friday in Manhattan federal court, lawyers for both sides agreed to …

Trump, rape accuser Carroll agree to a single defamation trial Read More »

WASHINGTON (Reuters) -A federal judge on Friday ordered an attorney for Donald Trump to give additional testimony before a grand jury investigating the former U.S. president’s handling of classified documents, according to media reports. U.S. District Judge Beryl Howell ordered attorney Evan Corcoran to testify after he invoked attorney-client privilege during a prior grand jury …

Trump attorney ordered to testify in documents case -media reports Read More »

By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court’s current members, joined by judges, scholars, lawyers and government officials, paid tribute on Friday to the late Justice Ruth Bader Ginsburg, a liberal icon and women’s rights pioneer whose 2020 death opened the door to the top U.S. judicial body’s transformative rightward shift. …

A transformed US Supreme Court pays tribute to Justice Ginsburg Read More »