Tech/AI Intel to establish $4.6bln new chip plant in Poland Nada Ali Jun 18, 2023 0 U.S. tech giant Intel announced on Friday its plans to invest up to $4.6 billion in a new semiconductor assembly…
Banks First Citizens to cut 500 jobs Norhan Adel May 25, 2023 0 First Citizens Bank announced on Wednesday it was cutting about 500 jobs of corporate Silicon Valley Bank…
Money CEOs of failed banks to testify before Senate Norhan Adel May 3, 2023 0 The Senate Banking Committee reported Tuesday that it will hold a hearing May 16 with former heads of failed banks.
Banks FDIC proposes increasing deposit insurance over $250,000 Yassmine Elbehnaihy May 2, 2023 0 The Federal Deposit Insurance Corporation called for an increase in the deposit insurance limit for business…
Banks Credit Suisse withdrawals reach $68.6 bln Yassmine Elbehnaihy Apr 26, 2023 0 The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
Banks Bank of America’s earnings increase, exceeding expectations Yassmine Elbehnaihy Apr 18, 2023 0 Bank of America (BofA) has reported on Tuesday a 15 percent increase in its first quarter profits, exceeding…
Banks US banks save up reserves after First Republic Bank rescue Yassmine Elbehnaihy Apr 12, 2023 0 JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
Banks Biden urges for stricter banking regulations Yassmine Elbehnaihy Apr 2, 2023 0 US President, Joe Biden has urged federal regulators to take more drastic measures and called for tighter…
Banks Bank of England on high alert amidst current turmoil Yassmine Elbehnaihy Mar 29, 2023 0 Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
Banks First Citizens Bank buys SVB deposits, loans Yassmine Elbehnaihy Mar 28, 2023 0 First Citizens Bank to buy all deposits and loans of Silicon Valley Bank, following its collapse, the biggest in…