JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.
JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marking the third major U.S. bank to fail in two months.
Norwegian Cruise Line Holdings Ltd raised its full-year profit forecast on Monday, betting on higher pricing and pent-up demand from wealthy customers.
Bond investors, fearing a recession is around the corner and preparing for an end of the Federal Reserve’s tightening cycle, have embraced the safety of U.S. Treasuries and shed risky exposures in investment grade and high yield credit.
The Biden administration could delay deciding whether to give electric vehicle (EV) manufacturers tradable credits for using electricity generated from renewable fuels, potentially putting the effort to boost EV automakers like Tesla in political limbo, two sources familiar with the matter said.
Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor Co’s Kentucky Truck Plant is a multimillion-dollar action company managers try hard to avoid.
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion, people familiar with the matter said.
U.S. stock index futures were muted on Monday as investor focus shifted to the Federal Reserve’s policy decision expected this week, while regulators said First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co.
Subway, which is exploring a potential $10 billion sale, further shrank last year in the United States as franchisees closed 2.7% of the brand’s sandwich shops, squeezing its royalties and fees.
Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fatigued, according to a survey.
