Tag: Reporting

  • First Republic Bank shares fall 50% after reporting dramatic slump in deposits

    First Republic Bank shares fall 50% after reporting dramatic slump in deposits

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    First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits.

    On Monday the San Francisco-headquartered reported a more than $100bn plunge in deposits in the quarter in the aftermath, sparking fears that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.

    Amid the biggest turmoil to hit the banking sector since 2008, the bank now faces tough options to turn around its business with the creation of a “bad bank” or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis.

    “If someone were to acquire them … there’s going to be some big writedowns that would have to be taken against some of the assets given the rate cycle,” Christopher Wolfe, head of North American banks at Fitch Ratings, told Reuters, referring to the bank’s mortgage loan book and securities portfolio.

    “The options are very challenging and probably very costly, especially for shareholders,” Wolfe said. “Who’s going to bear the cost?”

    First Republic said on Monday it was “pursuing strategic options” to quickly strengthen the bank, without providing details.

    The lender was studying all options, a person familiar with the matter said on Monday, speaking on condition of anonymity because the discussions were private.

    The source said the bank wanted the US government to help by convening parties that could buoy San Francisco-based First Republic’s fortunes, including private equity firms and big lenders.

    Options include an asset sale of up to $100bn, a source familiar with the situation said. Bloomberg News earlier reported the chance of asset sales and said buyers might receive incentives such as warrants or preferred equity.

    The bad bank possibility, earlier reported by CNBC, is a crisis-type method of isolating financial assets that have problems.

    The latest woes in the banking sector were felt among other banks and the broader market with the KBW Regional Banking Index dropping 3.8% and the broader S&P 500 bank index down 2.6%.

    Wall Street analysts expect challenges to extend through the year after failures at Silicon Valley Bank and Signature last month created a liquidity crunch at a slew of regional lenders.

    The bank has been reeling as it navigates the twin challenges of assuring customers their deposits remain safe and investors that it has liquidity to emerge from the crisis.

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    “Although deposits have stabilized since quarter-end, the company’s liquidity questions have turned into earnings questions,” said analysts at Piper Sandler.

    The sector-wide upheaval has led to the KBW Regional Banking Index contracting nearly 22% this year, while First Republic shares dived roughly 87% in the fallout.

    “The question is whether the risk was First Republic specific or whether it will lead to larger banking concerns,” brokerage JonesTrading wrote in a note.

    First Republic said on Monday it plans to shrink its balance sheet and slash expenses by cutting executive compensation, paring back office space and laying off 20% to 25% of employees in the second quarter.

    Last month, concerns about the bank’s health had prompted top power brokers including US Treasury Secretary Janet Yellen, Federal Reserve chair Jerome Powell and JPMorgan’s CEO Jamie Dimon to put together an unprecedented $30bn rescue deal.

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    ( With inputs from : www.theguardian.com )

  • Big B’s granddaughter moves Delhi HC over fake reporting on her health

    Big B’s granddaughter moves Delhi HC over fake reporting on her health

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    New Delhi: Amitabh Bachchan’s granddaughter Aaradhya Bachchan has moved the Delhi High Court against a YouTube tabloid for reporting fake news about her health.

    Aaradhya (11), the daughter of Aishwarya Rai Bachchan and Abhishek Bachchan, has sought an injunction against such reporting by the media about her as she is a minor.

    A Delhi High Court bench will hear the matter on Thursday. The petition filed by 11-year-old Aaradhya has asked 10 entities to “de-list and deactivate all videos” about her.

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    Google LLC and the Ministry of Electronics and Information Technology (Grievance Cell) have also been made parties in the case.

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    #Big #granddaughter #moves #Delhi #fake #reporting #health

    ( With inputs from www.siasat.com )

  • Big B’s granddaughter moves Delhi HC over fake reporting on her health

    Big B’s granddaughter moves Delhi HC over fake reporting on her health

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    New Delhi: Amitabh Bachchan’s granddaughter Aaradhya Bachchan has moved the Delhi High Court against a YouTube tabloid for reporting fake news about her health.

    Aaradhya (11), the daughter of Aishwarya Rai Bachchan and Abhishek Bachchan, has sought an injunction against such reporting by the media about her as she is a minor.

    A Delhi High Court bench will hear the matter on Thursday. The petition filed by 11-year-old Aaradhya has asked 10 entities to “de-list and deactivate all videos” about her.

    MS Education Academy

    Google LLC and the Ministry of Electronics and Information Technology (Grievance Cell) have also been made parties in the case.

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    #Big #granddaughter #moves #Delhi #fake #reporting #health

    ( With inputs from www.siasat.com )

  • Delhi HC notice to Centre on PIL against compulsory reporting of POCSO cases

    Delhi HC notice to Centre on PIL against compulsory reporting of POCSO cases

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    New Delhi: The Delhi High Court on Tuesday asked the Centre to file its reply, within six weeks, on a PIL challenging provisions of Protection of Children from Sexual Offences (Pocso) Act, 2012, requiring compulsory reporting of sexual offences against minors.

    A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, dealing with lawyer Harsh Vibhore Singhal’s matter, issued notice on the petition and listed the case for pleadings to be complete before the Joint Registrar in July.

    Singhal has sought “judicial invalidation” of various sections of the POCSO Act, as these violate minors’ right to give informed consent for not reporting the matter and are against Article 21 of the Constitution.

    “… the law is well settled that neither law, nor police nor any court can force a sexual assault survivor to report an offence by filing an FIR and no police or court can force any minor in consensual sex to report her sexual activity. Thus, the impugned sections requiring mandatory reporting are untenable, arbitrary and unconstitutional and deserve to be set aside,” the petition contends.

    The petitioner argued that these provisions deprive minors and grown-up women of seeking prenatal, reproductive, and sexual healthcare.

    “…consensual sexual acts by under 18 minors fall squarely within the penumbra of the right to privacy which has also been recognised by a nine-judge SC bench in Puttaswamy v. Union of India”, the petitioner stated.

    The bench was urged by Singhal to declare the challenged provisions “unconstitutional”.

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    ( With inputs from www.siasat.com )

  • Passenger makes bomb threat call after reporting late for Hyderabad-Chennai flight

    Passenger makes bomb threat call after reporting late for Hyderabad-Chennai flight

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    Hyderabad: A passenger, who wanted to catch a flight to Chennai on Monday but crossed the boarding time, made a bomb threat call to the Rajiv Gandhi International Airport (RGIA), forcing the authorities to halt the plane and evacuate it for checking.

    The call proved to be a hoax and meanwhile acting swiftly, the airport intelligence officials nabbed the passenger after they found that the bomb threat call was made from within RGIA premises.

    The passenger identified as Ajmira Bhadraiah, a Chief Engineer in the Military Engineer Services (MES) in Chennai, was late for Hyderabad-Chennai IndiGo flight. As he was stopped from entering the airport, he made a call that a bomb had been planted in the flight.

    The security officials immediately halted the flight and evacuated it. They pressed into service dog squad, bomb squad and other teams but found nothing suspicious.

    Meanwhile, airport intelligence officials found that the call was made from within the airport premises. They immediately nabbed the passenger, who admitted that he made the call as he wanted to catch the flight.

    The officials took him into custody and questioned him. A case has been booked against him at RGIA police station.

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    #Passenger #bomb #threat #call #reporting #late #HyderabadChennai #flight

    ( With inputs from www.siasat.com )

  • Big Update For Teachers of Reporting Tomorrow After Vacation

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    Big Update For Teachers of Reporting Tomorrow After Vacation Check Here

    Srinagar, Feb 19 (KNO): Amid confusion among the teachers of the School Education Department regarding reporting back to their respective institutions after the winter vacations, officials Friday said only teachers of Secondary and Secondary Schools will have to report on February-20.

    The official said that as per the instructions, the teaching staff of High and Higher Secondary Schools will have to report back to their respective schools on February-20.

    According to the news agency Kashmir News Observer (KNO), the official said, “There is no mention of resumption of duties for primary school teaching staff. So it is clear that they would not have to report on February-20.”

    “However, such teaching staff may be ordered to report back to their respective institutions a few days earlier for streamlining the things,” the official said.

    Earlier in November-2022, the School Education Department had said, “The Teaching staff of High and Higher Secondary Schools shall report back to their respective schools on February-20-2023, so that they remain available for making arrangements regarding preparation of ensuing examinations.”

     

    ”All teachers shall remain available on demand for any online guidance of students during vacation period. Any default on part of the Head of the Schools or Teaching staff in observance of the above schedule shall attract strict action under Rules,” it reads—(KNO)

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    ( With inputs from : kashmirpublication.in )

  • SKIMS Reporting time and Practical datesheet for Professional MBBS Part-II

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    SKIMS Reporting time and Practical datesheet for Professional MBBS Part-II

    Batch: 2017

    Date of Exam: 14-2-23 to 18-2-23

    Timing: 11:00 am

    No.:SIMS/Exam/305 05/531/2022/366-76

    Dated: 11-2-23

    Click link below:

    * Notice: Reporting time and Practical datesheet for Professional MBBS Part-II Batch 2017.

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    [ad_2] #SKIMS #Reporting #time #Practical #datesheet #Professional #MBBS #PartII( With inputs from : The News Caravan.com )

  • Reporting corruption in a time of war: The Ukrainian journalists’ dilemma

    Reporting corruption in a time of war: The Ukrainian journalists’ dilemma

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    When a major corruption scandal broke in Ukraine last weekend, reporters faced an excruciating dilemma between professional duty and patriotism. The first thought that came to my mind was: “Should I write about this for foreigners? Will it make them stop supporting us?”

    There was no doubting the severity of the cases that were erupting into the public sphere. They cut to the heart of the war economy. In one instance, investigators were examining whether the deputy infrastructure minister had profited from a deal to supply electrical generators at an inflated price, while the defense ministry was being probed over an overpriced contract to supply food and catering services to the troops.

    Huge stories, but in a sign of our life-or-death times in Ukraine, even my colleague Yuriy Nikolov, who got the scoop on the inflated military contract, admitted he had done everything he could not to publish his investigation. He took his findings to public officials hoping that they might be able to resolve the matter, before he finally felt compelled to run it on the ZN.UA website.

    Getting a scoop that shocks your country, forces your government to start investigations and reform military procurement, and triggers the resignation of top officials is ordinarily something that makes other journalists jealous. But I fully understand how Nikolov feels about wanting to hold back when your nation is at war. Russia (and Ukraine’s other critics abroad) are, after all, looking to leap upon any opportunity to undermine trust in our authorities.

    A journalist is meant to stay a little distant from the situation he or she covers. It helps to stay impartial and to stick to the facts, not emotions. But what if staying impartial is impossible as you have to cover the invasion of your own country? Naturally, you have to keep holding your government to account, but you are also painfully aware that the enemy is out there looking to exploit any opportunity to erode faith in the leadership and undermine national security.

    That is exactly what Ukrainian journalists have to deal with every day. In the first six months of the invasion, Ukrainian journalists and watchdogs decided to put their public criticism of the Ukrainian government on pause and focus on documenting Russian war crimes. 

    But that has backfired.  

    “This pause led to a rapid loss of accountability for many Ukrainian officials,” Mykhailo Tkach, one of Ukraine’s top investigative journalists, wrote in a column for Ukrainska Pravda.

    His investigations about Ukrainian officials leaving the country during the war for lavish vacations in Europe led to President Volodymyr Zelenskyy imposing a ban on officials traveling abroad during the war for non-work-related issues. It also sparked the dismissal of the powerful deputy prosecutor general.

    The Ukrainian government was forced to react to corruption and make a major reshuffle almost immediately. Would that happen if Ukrainian journalists decided to sit on their findings until victory? I doubt it.

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    President Volodymyr Zelenskyy ended up imposing a ban on officials traveling abroad during the war for non-work-related issues | Sergei Supinsky/AFP via Getty Images

    Is it still painful when you have to write about your own government’s officials’ flops when overwhelming enemy forces are trying to erase your nation from the planet, using every opportunity they can get to shake your international partners’ faith? Of course it is.

    But in this case, there was definite room for optimism. Things are changing in Ukraine. The government had to react very quickly, under intense pressure from civil society and the independent press. Memes and social media posts immediately appeared, mocking the government’s pledge to buy eggs at massively inflated prices. Ultimately, the deputy infrastructure minister was fired and the deputy defense minister resigned.

    This speedy response was praised by the European Commission and showed how far we really are from Russia, where authorities hunt down not the officials accused of corruption, but the journalists who report it.

    As Tkach said, many believe that the war with the internal enemy will begin immediately after the victory over the external one.

    However, we can’t really wait that long. It is important to understand that the sooner we win the battle with the internal enemy — high-profile corruption — the sooner we win the war against Russia.

     “Destruction of corruption means getting additional funds for the defense capability of the country. And it means more military and civilian lives saved,” Tkach said.



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    ( With inputs from : www.politico.eu )