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...Attendees at the first meeting of the economic security public-private forum at the Cabinet Office were given a presentation by one of the most senior officials at the National Protective Security Authority...
...The Financial Times first reported in February that Barrow was a frontrunner for the plum role of UK ambassador to the US, while government officials touted Foreign Office permanent secretary Sir Philip...
...The move is the first time Brussels has used its new anti-foreign subsidy rules to justify a raid on a company....
...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...At first glance, NYCB’s woes appear unique to its balance sheet....
...New York Community Bancorp, with $115bn or so in assets, is having serious problems, and the broad market (here represented by the S&P 1500) indifferent: Admittedly the regional bank index is underperforming...
...Quarterly earnings were also hit by a $5bn increase in provisions for bad loans, a $4bn loss on banks’ securities portfolios, and higher costs as lenders cut staff and restructured their operations, the...
...It has raised more than $2.5bn and struck a handful of small deals, including building a minority stake in movie studio Lions Gate Entertainment and four cyber security companies....
...Shares of New York Community Bancorp tumbled another 23 per cent on Monday, after Moody’s over the weekend became the first credit firm to lower the rating of the bank’s deposits to junk....
...New York Community Bancorp and toymaker Mattel made similar disclosures on Thursday afternoon....
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...In other diplomacy, Britain’s Rishi Sunak meets German Chancellor Olaf Scholz for the first time. Five more top stories 1....
...Banks that hold safe fixed-income securities can pledge them with the Fed’s new BTFP for their par value, effectively zeroing out any losses on safe Treasuries or agency-backed securities....
...The US abstained from the vote, allowing the body to pass its first resolution calling for a ceasefire since the war began in October....
...and paper losses on its securities portfolio....
...They were then respectively acquired by First Citizens, New York Community Bancorp and JPMorgan. The modest terms added multibillion-dollar gains to the tangible book values of the buyers....
...Sandu told the FT: “For the first time we make it very clear and open that Russia is the biggest threat to our national security....
...Electric-car maker Tesla registered expenses of about $2.4mn for its chief executive Elon Musk in 2023, with a further $500,000 spent in the first two months of this year....
...Cook said he was confident maritime security companies would prosper. But he also expected the industry to be less lucrative than it was during the crisis that first created it....
...In the past five months, JPMorgan Chase bought First Republic; First Citizens Bank acquired much of SVB following its collapse; and New York Community Bank purchased most of Signature Bank, another failed...
...Flow is an apartment rental start-up in the US that intends to give renters “a sense of security, community and genuine ownership”, although exactly how is unclear....
...Tim Short was an investment banker at Credit Suisse First Boston where he specialised in whole business securitisations, including for water companies....
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...That made Mayorkas the first US cabinet official to be impeached since the 19th century....
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