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IronHeart/Getty Images (NEW YORK) — The collapse of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up the financial system after a cascade of major bank failures. JPMorgan Chase, the nation’s largest bank, retained the majority of […]
Justin Sullivan/Getty Images (NEW YORK) — First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation. The FDIC said the deal avoids the agency having to use its emergency powers and would minimize disruptions […]
Anton Petrus/Getty Images (NEW YORK) — Shares of First Republic Bank plummeted nearly 50% on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102 billion in deposits over the first three […]
Anton Petrus/Getty Images (NEW YORK) — Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102 billion in […]
Mass Communication Specialist 1st Class Maria A. Olvera Tristán via U.S Navy (WASHINGTON) — U.S. military officials released two handout photos of the evacuation of the U.S. embassy staff from Sudan, marking the first official view of evacuees landing at Camp Lemonnier in Djibouti. The photos, taken by Navy and Air Force photographers, show staffers […]
President Joe Biden and First Lady Jill Biden pose for an official photo with Queen Elizabeth II in the Grand Corridor of Windsor Castle on Sunday, June 13, 2021, in Windsor, England. (Official White House Photo by Adam Schultz) (WASHINGTON) — First lady Jill Biden will represent the United States next month in London at […]
New Mexico Courts (NEW YORK) — The first assistant director for Rust has been sentenced to six months unsupervised probation as part of a plea deal in connection with the fatal on-set shooting of cinematographer Halyna Hutchins. David Halls, 63, was charged with negligent use of a deadly weapon in connection with the October 2021 […]
Barbara Laing/Getty Images, FILE (FORT DEFIANCE, Ariz.) — Former Navajo Nation President Peterson Zah, who made his mark on Native American education at his reservation and Arizona State University, has died at the age of 85. Zah was the first elected president in 1990 on the nation’s largest tribal reservation, the Navajo Nation, and had […]
TARA METTE/AFP via Getty Images (WASHINGTON) — First lady Jill Biden arrived in Namibia on Wednesday, the first stop on a trip meant to show the administration’s commitment to Africa, according to a White House official. She was accompanied by her granddaughter Naomi and was greeted at the airport by Monica Geingos, the first lady […]
ER Productions Limited/Getty Images (NEW YORK) — After decades of research, a first-of-its kind vaccine designed to protect newborns against RSV, or respiratory syncytial virus, could be approved by August. Pfizer, the maker of the vaccine, announced Tuesday that the U.S. Food and Drug Administration has accepted its application for review and will make a […]
