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[ad_1] New Delhi: In an effort to encourage female participation in various sectors, the government has decided that the Republic Day parade at Kartavya Path will see participation only by women in march pasts, tableaux and other performances. The Defence Ministry, in this regard, has written a letter to the armed forces and other government…
[ad_1] “The seizure and subsidized on-sale of First Republic completes the obvious unfinished business from the initial acute phase of the bank stress,” Krishna Guha, vice chairman at advisory and investment firm Evercore ISI, wrote in a note to clients. “But we think this is only the very early stages of the chronic phase.” Let’s…
[ad_1] The bank’s demise is the latest fallout from the stunning fall of SVB, which sparked runs at similar institutions, including Signature. These banks all had an unusually large number of deposits that weren’t backed by the FDIC because they catered to companies and wealthy individuals whose balances far exceeded the $250,000 deposit insurance limit….
[ad_1] Formal bids for First Republic — which has seen heavy deposit outflows and suffered massive share price declines in recent weeks — are due to the FDIC by the middle of the day on Sunday, according to the people, who requested anonymity to provide details of the discussions. Federal regulators are hoping to put…
[ad_1] 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…
[ad_1] The infusion of money is intended to sweep away fears by depositors and investors that First Republic and other midsize banks could fall victim to perilous runs. The private sector action could also help the Biden administration avoid the politically damaging charge that it is bailing out banks. JPMorgan Chase, Bank of America, Citigroup…
[ad_1] Hyderabad cricket is in a pitiable state. It has recently recorded its worst ever performance in the Ranji Trophy Championship. In the past Hyderabad used to be known for it’s daredevilry. Its batsmen never hesitated to play their shots. The bowlers used to be very crafty – especially the spinners who were among the…
[ad_1] Abu Dhabi: United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan has extended greetings on India’s Republic Day. According to the statement released by the UAE Ministry of Foreign Affairs and International Cooperation, “President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Droupadi Murmu of…
[ad_1] New Delhi: India is making a “substantial” contribution towards global stability and security, Russian President Vladimir Putin said on Thursday while extending his greetings to the country on the occasion of its 74th Republic Day. In a message to President Droupadi Murmu and Prime Minister Narendra Modi, Putin also highlighted India’s achievements in the…
[ad_1] Jeddah: The 74th Republic Day celebrated across the Gulf region on Thursday with gaiety and enthusiasm. The National pride was on full display as many enthusiastic and patriotic Indians flocked to Indian missions to participate in the event. Children took part in musical and dance performances, while many in the joyous crowds were decked…