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Banking wrap-up: What you need to know about the sector’s turmoil Markets plummeted Wednesday as the financial sector took a double hit from the continuing fallout from the Silicon Valley Bank (SVB) collapse and the worries over the health of Europe’s second largest bank, Credit Suisse, which appealed to the Swiss government for help. The…
Biden’s tick to the center risks alienating key voting blocs President Biden risks alienating two specific groups key to a 2024 victory — progressives and younger voters — with his embrace of a controversial Alaska oil drilling enterprise as well as shifts to the center on crime and immigration. Biden’s decision to go ahead with…
Trump attorney says ‘he won’t be participating’ in Manhattan DA’s probe Former President Trump is officially declining to offer testimony in Manhattan District Attorney Alvin Bragg’s probe into the hush-money payment to adult performer Stormy Daniels made before the 2016 election. “He won’t be participating in that proceeding — a proceeding that we and most…
GOP Oversight chairman subpoenas Hunter Biden associates’ bank records House Oversight and Reform Committee Chairman James Comer (R-Ky.) has issued a subpoena for the bank records belonging to associates of Hunter Biden. The news was first disclosed in a letter that Rep. Jamie Raskin (D-Md.), the ranking member of the Oversight committee, sent to Comer…
Here’s who is paying to restore Silicon Valley, Signature Bank deposits The federal government mobilized immediately in response to the collapse of Silicon Valley Bank (SVB) and Signature Bank, working over the weekend to insure depositors who had more than $200 billion of venture capital and high-tech start-up money stored in the two banks. But…
“Song You Need: Even Kerri Chandler’s archival releases sound like the future” “What If” appears on the house legend’s latest EP Lost & Found, Vol. 2. Kerri Chandler. Photo via publicist. The FADER’s “Songs You Need” are the tracks we can’t stop playing. Check back every day for new music and follow along on…
Biden stresses that Silicon Valley Bank is not getting a bailout President Biden on Monday stressed that Silicon Valley Bank (SVB) will not get a government bailout after regulators seized the assets of the failed bank. “No losses will be — and this is an important for point — no losses will be borne by…
‘Hyper-partisan’ politicians get four times the news coverage of bipartisan colleagues The most partisan member of Congress, Marjorie Taylor Greene, generated nearly 10 times as much press coverage in the 2022 election cycle as the least partisan member, Don Bacon, according to a new study of “hyper-partisan” politics. Greene, a Republican representative from Georgia, appeared…
Biden, Democrats applaud ‘decisive action’ to protect Silicon Valley Bank depositors President Biden and Democrat lawmakers praised the “decisive action” by federal financial agencies on Sunday to protect Silicon Valley Bank depositors and shore up the financial system ahead of markets opening on Monday. “The American people and American businesses can have confidence that their…
Biden expected to OK controversial Alaska drilling project Monday The Biden administration is expected to approve a controversial Alaska oil drilling project known as the Willow Project on Monday, a source familiar with the plans told The Hill. ConocoPhillips’s Willow Project would allow for as many as 629,000 barrels of oil to be extracted over…