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FDIC says First Citizens will acquire much of Silicon Valley Bank, whose collapse has rattled the banking industry

Published Tue, 25 Feb 2025 13:28:04 GMT

NEW YORK (AP) — FDIC says First Citizens will acquire much of Silicon Valley Bank, whose collapse has rattled the banking industry.Source

CNBC: First Citizens Bank comprará gran parte del fallido Silicon Valley

Published Tue, 25 Feb 2025 13:28:04 GMT

First Citizens Bank & Trust Co. comprará los depósitos y préstamos de Silicon Valley Bank, dijo el lunes la Corporación Federal de Seguros de Depósitos de Estados Unidos, lo que podría calmar a los mercados después del mayor colapso bancario de EEUU desde Lehman Brothers.El acuerdo incluye la compra de aproximadamente $ 72 mil millones en activos de SVB con un descuento de $ 16.5 mil millones, mientras que alrededor de $ 90 mil millones en valores y otros activos permanecerán “en suspensión de pagos para su disposición por parte de la FDIC”.“Además, la FDIC recibió derechos de apreciación de capital en acciones ordinarias de First Citizens BancShares, Inc., Raleigh, Carolina del Norte, con un valor potencial de hasta $ 500 millones”, dijo la FDIC en el comunicado. Empresa matriz de Silicon Valley Bank se declara en bancarrota para intentar una reestructuración de capital Colapso del Silicon Valley Bank: todo lo que...

Deslizamiento de tierra en Alausí, Chimborazo deja varias personas atrapadas.

Published Tue, 25 Feb 2025 13:28:04 GMT

(CNN) — La Policía de Ecuador informó la madrugada de este lunes que junto al Cuerpo de Bomberos y a la comunidad de Alausí, en la provincia de Chimborazo, trabaja en el rescate de personas atrapadas por un deslizamiento de tierra que afectó a varias viviendas.Según la Policía de Ecuador hasta el momento fueron rescatadas 6 personas.LA UNIÓN HACE LA FUERZA @PoliciaEcuador junto al Cuerpo de Bomberos y la comunidad de Alausí #Chimborazo, continuamos en las labores de rescate de las personas que fueron afectadas por el desastre natural.Hasta el momento 6 personas fueron rescatadas#AlausíEstamosContigo pic.twitter.com/URkKtR9zKi— Policía Ecuador (@PoliciaEcuador) March 27, 2023El presidente Guillermo Lazo, por su parte, informó en su cuenta de Twitter que debido a los deslizamientos de tierra en Alausí ha dispuesto la activación inmediata de Riesgos Ecuador y de todas las carteras del Estado. Y agregó que también se están movilizando equipos de bomberos de Guamote, Chunchi, Riob...

Estallan protestas masivas en Israel tras despedir Netanyahu a un ministro que se oponía a la reforma judicial

Published Tue, 25 Feb 2025 13:28:04 GMT

(CNN) — Masivas multitudes llenaron las calles de la ciudad israelí de Tel Aviv a última hora de la noche de este domingo, después de que el primer ministro Benjamin Netanyahu despidiera a su ministro de Defensa por su oposición a una reforma judicial prevista.Ondeando banderas israelíes y coreando “democratia”, se pudo ver a manifestantes bloqueando calles y puentes, incluida la autopista Ayalon.Los manifestantes encendieron varios fuegos en la autopista principal de Tel Aviv, cuyo humo negro y acre se elevó hacia el cielo, ocultando parcialmente algunos de los rascacielos más emblemáticos de la ciudad. Los manifestantes también se congregaron junto a la autopista, quemando chatarra y madera sin apenas presencia policial.¿Podría Israel perder sus relaciones con Estados Unidos? Las posibles consecuencias geopolíticas de la reforma judicialLa crisis política de Israel se agravó este domingo cuando la oficina de Netanyahu anunció la destitución de Yoav Gallant en un ...

Israel’s ceremonial president urges Netanyahu to halt contentious legal overhaul after mass protests rock the country

Published Tue, 25 Feb 2025 13:28:04 GMT

TEL AVIV, Israel (AP) — Israel’s ceremonial president urges Netanyahu to halt contentious legal overhaul after mass protests rock the country.Source

Taiwan’s former leader Ma begins China visit

Published Tue, 25 Feb 2025 13:28:04 GMT

TAOYUAN, Taiwan (AP) — Former Taiwan President Ma Ying-jeou departed for a 12-day tour of China Monday, a day after Taiwan lost another of its 14 diplomatic partners to China. The ex-president is visiting in a private capacity, bringing a delegation of academics and college students for exchanges, as well as members of his family, but the trip is loaded with political meaning.Ma’s policies brought Taiwan and Beijing to their closest relationship ever, but his exit from office was overshadowed by massive protests against a trade deal with the mainland and his successor has focused on bolstering ties with the U.S. and defending the autonomy of the democratically-governed island that China claims as part of its own territory.Current President Tsai Ing-wen is expected to launch a 10-day diplomatic tour of her own Wednesday, ostensibly to visit the islands remaining allies in Latin America. She will stop in the U.S., Taiwan’s biggest unofficial partner and supplier of arms.Ma’s vis...

Asian shares mixed after Wall Street logs more gains

Published Tue, 25 Feb 2025 13:28:04 GMT

BANGKOK (AP) — Asian shares were mixed on Monday after stocks on Wall Street shook off a weak start to end higher on Wall Street last week despite persisting worries over banks on both sides of the Atlantic.U.S. futures and oil prices were higher after the Federal Deposit Insurance Corp. said it agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The FDIC took over Silicon Valley Bank after it collapsed on March 10, promising to protect all depositors. The acquisition could raise confidence in the troubled banking industry after failures at SVB and two other banks rattled investors, driving lenders’ share prices sharply lower. But concerns persist that higher interest rates that are squeezing lenders could increase the likelihood of a recession. The troubles in the banking industry also have added to uncertainty about policies of the Federal Reserve and other central banks. “This is keeping financial stocks pressured w...

Opposition to Netanyahu plan mounts as unions launch strike

Published Tue, 25 Feb 2025 13:28:04 GMT

TEL AVIV, Israel (AP) — Israel’s largest trade union group launched a strike across a broad swath of sectors Monday, joining a surging protest movement against Prime Minister Benjamin Netanyahu’s plan to overhaul the judiciary — a plan that is facing unprecedented opposition. The strike by the Histadrut umbrella group, which represents more than 700,000 workers in health, transit and banking, among many other fields, could paralyze large parts of Israel’s economy, which is already on shaky ground, ratcheting up the pressure on Netanyahu to suspend the overhaul.The growing resistance to the plan came hours after tens of thousands of people burst into the streets around the country in a spontaneous show of anger at Netanyahu’s decision to fire his defense minister after he called for a pause to the overhaul. Chanting “the country is on fire,” they lit bonfires on Tel Aviv’s main highway, closing the throughway and many others throughout the country for hours.Th...

Strike over pay paralyzes rail, air travel in Germany

Published Tue, 25 Feb 2025 13:28:04 GMT

BERLIN (AP) — Trains, planes and public transit systems stood still across much of Germany on Monday as labor unions called a major one-day strike over salaries in an effort to win inflation-busting raises for their members.The 24-hour walkout also affected cargo transport by rail and ship, as workers at the country’s ports and waterways joined the strike.Many commuters opted to drive, causing delays on the roads, while those who could worked from home.Unions are seeking a pay increase of at least 10.5% and have dismissed offers from employers of 5% in two stages plus one-off payments.Labor strikes are a regular occurrence in Germany and normally end in a compromise deal between unions and employers.The walkout already caused disruption and delays Sunday, as travelers scrambled to reach their destinations early.The Associated Press

Saudi National Bank chair resigns after Credit Suisse storm

Published Tue, 25 Feb 2025 13:28:04 GMT

DUBAI, United Arab Emirates (AP) — The chairman of Saudi National Bank resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering, a regulatory filing in the kingdom said Monday. The filing on Riyadh’s Tadawul stock exchange announced Ammar al-Khudairy’s resignation from Saudi National Bank. It dated his resignation as coming on Sunday. Shares of Credit Suisse sank over 30% after al-Khudairy announced March 15 that its biggest shareholder — the Saudi National Bank — would not provide more money to the Swiss lender. Hours later, Switzerland’s central bank agreed to lend Credit Suisse up to 50 billion francs ($54 billion) to shore up its finances.Swiss authorities later cut a deal with its bigger rival UBS to acquire troubled Credit Suisse at a marked-down price.The Associated Press