First Republic shares tumble more than 46% after credit rating downgrade | Banking

Shares of troubled First Republic Bank tumbled more than 46% on Monday after reports the San Francisco-based bank may need to raise more funds despite a $30billion (£24billion) bailout last week. As the growing banking crisis stretched into another week, the regional bank’s credit rating was further downgraded to junk bank status by S&P Global. …

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Why Credit Suisse almost failed - and what's next in the banking crisis

Why Credit Suisse almost failed – and what’s next in the banking crisis

Bank in peril Credit Suisse has been acquired by Swiss banking giant UBS Sunday, a few hours before The New York Community Bank has announced its plans to buy Signature Bank. The purchases were aimed at calming nervous depositors following the demise of Silicon Valley Bank earlier this month, but Monday’s choppy markets served as …

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Facing Our Futures: How Foresight, Futures, Design, and Strategy Create Prosperity and Growth

How Foresight, Futures, Design, and Strategy Create Prosperity and Growth

Nikolas Badminton is a futurist advisor, speaker and researcher. He is Chief Futurist and Think Tank leader at Futurist.com. Below, he shares five key insights from his new book, Facing Our Futures: How Foresight, Futures, Design, and Strategy Create Prosperity and Growth. Listen to the audio version—read by Nikolas himself—in the Next Big Idea App. https://cdn.heleo.com/wp-content/uploads/2023/03/20121211/BB_NikolasBadminton_MIX.mp3 …

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Amazon to lay off 9,000 more workers, including at AWS, as cost-cutting efforts continue

Amazon to lay off 9,000 more workers, including at AWS, as cost-cutting efforts continue

Amazon.com Inc. announced today that it will be laying off 9,000 employees as part of its ongoing efforts to control operating expenses. Amazon CEO Andy Jassy detailed the move in a note to workers which was also posted on the company’s website. Jassy said affected employees will receive severance pay, transitional health insurance benefits and …

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How post-pandemic returns to the office can influence house prices

How post-pandemic returns to the office can influence house prices

Before we can consider how the housing market may change, we must first understand how people are responding to the call back to office work. In recent years, many workers have enjoyed having more flexible hours, spending more time with family, and even working in sweatpants most days. After experiencing these benefits of remote work, …

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Biden issues first presidential veto, rejecting GOP-led bill to reverse ESG investment rule

Biden issues first presidential veto, rejecting GOP-led bill to reverse ESG investment rule

Millions close to retirement with no savings Millions of Americans nearing retirement with no savings 02:22 Washington – President Biden issued the first veto of his presidency on Monday, rejecting a bill that would have struck down a Department of Labor rule that gives pension plan managers the ability to consider environmental, social and governance …

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Biden issues first veto after Congress blocks new investment rule

Biden issues first veto after Congress blocks new investment rule

President Joe Biden on Monday issued his first veto since taking officerejecting a bipartisan measure it would negate a new pension administration rule. “I just signed this veto because legislation passed by Congress would jeopardize the retirement savings of individuals across the country,” Biden said in a video posted to his Twitter account. “They couldn’t …

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Watch these 4 signals to know when the banking crisis is over for the stock market

Watch these 4 signals to know when the banking crisis is over for the stock market

According to Fundstrat, investors should watch for four signals to assess whether the banking crisis is over. A decline in bond and equity market volatility is key to signaling that the crisis is over. Fundstrat’s Tom Lee recommends investors buy tech stocks to weather the turbulence. Loading Something is loading. Thanks for recording! Access your …

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