Three months before the sudden collapse of Silicon Valley Bank under the weight of bad risk management, executives made what in hindsight would appear to be a curious move. The bank, at a time when it was in extreme financial distress, made a $300 million dividend payment to its parent company, SVB Financial Group. This is
By Ebrima Santos Sanneh January 17, 2025, 8:44 p.m. EST 1 Min Read Nathan Howard/Bloomberg Pulaski Savings Bank, a $49.5 million asset Chicago-based community bank, was shut down Friday by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corp. was appointed as the receiver and all the banks’ $42.7 million
Russia sentences lawyers of late opposition figure Navalny to prison The Washington Post Russia gives Navalny lawyers multi-year sentences for relaying his messages The Guardian Three Navalny lawyers sentenced to years in Russian penal colony for ‘extremist activity’ Reuters 3 lawyers for the late Kremlin foe Alexei Navalny are convicted and sentenced to prison The Associated Press Russia convicts
403 ERROR Request blocked. We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner. If you provide content to customers through CloudFront, you can find steps to troubleshoot and help prevent
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] ALEXANDRIA, Va. (AP) — A former CIA analyst pleaded guilty Friday to leaking information on a planned Israeli attack on Iran. Asif Rahman, 34, was arrested by the FBI in November weeks after classified documents appeared on the Telegram messaging app. He entered guilty pleas in federal
An Australian social media influencer was arrested on Thursday and accused of poisoning and torturing a 1-year-old girl in order to receive thousands of dollars in donations from her followers. The 34-year-old woman from the Sunshine Coast region was unnamed, but Queensland police say that between Aug. 6 and Oct. 15 of last year, she
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas. China’s capital account, which tracks flows of capital in and out of the country, saw a record outflow
UN chief: UNIFIL found 100 Hezbollah arms caches in south Lebanon since truce began The Times of Israel Guterres visits UNIFIL peacekeeping forces in south Lebanon, says Israel violates resolution 1701 The Jerusalem Post UN chief hopes for ‘new chapter of peace’ in meeting with new Lebanese president Yahoo! Voices Guterres to conduct solidarity visit to Lebanon UN News
On Jan. 14, 2025, Gary Gensler had a farewell interview on CNBC. On January 20, he will step down as the chairman of the SEC. What were their conclusive words to the crypto community? At the very start of the interview, the host, Andrew Ross Sorkin, makes a remark that sets the context. He notes that even
SoFi Technologies, Inc. (SOFI) closed at $16.50 in the latest trading session, marking a +1.23% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily gain of 1%. On the other hand, the Dow registered a gain of 0.78%, and the technology-centric Nasdaq increased by 1.51%. Shares of the company