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...JPMorgan’s service area did not overlap with WaMu’s, so it was not taking out a competitor. Finally, there was no cost to the DIF. In fact, JPMorgan paid nearly $2bn for the bank....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
...The bet on failed banks suggests Porticoes’ sponsors see more trouble ahead for the sector a year after the failure of Silicon Valley Bank shook confidence in US regional lenders....
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...The FDIC employed its standard bank closure powers to handle last year’s regional banking crisis including the shutdowns of Silicon Valley Bank, Signature and First Republic....
...KDDI said it would help Lawson to push into ecommerce and envisaged the stores becoming places where a less mobile elderly population could receive online medical consultations and other services....
...It comes as the US prepares to launch its first retaliatory strikes against Iran-backed proxy groups in the region that Washington holds responsible for an attack last week that killed three American service...
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...They have put forward far-reaching proposals to tighten capital rules for large and regional US banks....
...There’s an allegation of tying the buy box [ie, better placement on a product order page] to Amazon fulfilment services....
...Microsoft has received a demand for $28.9bn in back taxes from the US Internal Revenue Service, marking an escalation of one of the biggest-ever corporate tax disputes....
...For example, a lack of workers at one regional sorting centre means FedEx has to divert or reroute packages to other hubs. FedEx shares, at 15 times forward earnings, still trade at a discount to UPS....
...High-tech emigration will rise, alongside the emigration of doctors, which has already begun, and veterans of the Intelligence Corps and Air Force....
...Iranian officials have stressed they want to avoid a regional war and do not want direct conflict with Israel or the US....
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...It comprises Screen Holdings, Advantest, Disco Corp, Tokyo Electron, the trading house Mitsubishi and automakers Toyota and Subaru....
...Discover Financial Services has named TD Bank’s Michael Rhodes as chief executive....
...Back in 2019, three of the largest US regional banks successfully lobbied regulators to ease their capital requirements by excluding paper losses on their investment portfolios....
...We also have learned since SVB’s failure that the bank was, in fact, using a service to farm out deposits for FDIC insurance....
...“Crowe UK’s failure to properly audit Akazoo contributed to the air of legitimacy that allowed Akazoo to become a publicly traded company,” said Eric Werner, a regional director at the SEC....
...Rating agency Standard & Poor’s on Monday night lowered its ratings on five US regional banks — Associated Banc Corp, Comerica, KeyCorp, Valley National and UMB Financial — assigning “stable” outlooks to...
...The country’s Hindi and regional language entertainment sector has grown into one of the world’s largest film industries, churning out more movies than any other nation every year since 2005, according to...
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