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U.S. Banks to Set Aside Reserves After Shoring Up First Republic

Banks that contributed the bulk of $30 billion in deposits to First Republic Bank (FRC.N) plan to set aside about $100 million each in first-quarter earnings in case of potential losses, Reuters

Is Your Cash Safe in Digital Wallets? CFPB Chief Says More Regulation Needed

After high-profile bank collapses sent shockwaves through the banking system last month, regulators also hold some concerns about digital wallets and money transfer apps that consumers often use as

Arizona Sports Complex Hires Financial Adviser

Bell Bank Park, an Arizona sports complex that opened last year, has hired a financial adviser to address a shortfall in revenue and a default on its tax-exempt municipal debt last year, WSJ Pro

Credit Suisse, SEC Letters Show Months-Long Reporting Errors Debate

Credit Suisse and the U.S. Securities and Exchange Commission (SEC) engaged in a months-long debate over the severity of reporting deficiencies that led the Swiss bank to delay its annual report last

Ex-Deutsche Bank Investment Banker Charged in U.S. with Crypto Fraud

A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from

Houston Apartment Owner Loses 3,200 Units to Foreclosure as Multifamily Feels the Heat

An apartment-building investor lost four Houston complexes to foreclosure last week, the latest sign that surging interest rates are beginning to upend the multitrillion-dollar rental-housing market

Biden Administration Weighs Possible Rules for AI Tools Like ChatGPT

The Biden administration has begun examining whether checks need to be placed on artificial-intelligence tools such as ChatGPT, amid growing concerns that the technology could be used to discriminate

J&J Talc Unit Second Bankruptcy Must Be Dismissed, Cancer Victims' Lawyers Say

Johnson & Johnson’s second attempt to resolve talc lawsuits in bankruptcy should be dismissed as an unprecedented fraud designed to deny plaintiffs just compensation, lawyers representing cancer

Cineworld Shareholders to Be Wiped Out in Restructuring Plan

Cineworld said today that it had filed a reorganization plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low, Reuters reported

Elizabeth Warren, AOC Ask SVB Depositors to Detail Ties to Bank

Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) sent letters on Sunday to 14 of the largest depositors with Silicon Valley Bank that raised concerns over the failed bank’s