ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multibillion-dollar sum” over the weekend to secure its liquidity, the country’s finance minister Karin Keller-Sutter told me. Saturday to the Swiss broadcaster SRF. . The troubled Swiss bank had said last week it planned to borrow up to 50 … Read more
In late 2020, Armando Argueta, Vice President of Silicon Valley Bank, warned any startup founder considering loans from less established lenders. “Many players come and go in the venture capital market, so make sure whoever you talk to is a long-term player. If a bank decides one day that it is no longer interested in … Read more
By Stephen M. Lepore For Dailymail.Com 04:43 26 Mar 2023, updated 07:49 26 Mar 2023 Aiden Pleterski, 24, is currently going through bankruptcy proceedings Authorities are trying to recover $29 million he allegedly snatched from investors New report suggests he was kidnapped and held for millions in ransom A self-proclaimed Canadian “crypto king” was allegedly … Read more
Digital database Internet Archive lost the first verdict in a copyright infringement lawsuit brought by four of the largest publishers against the “non-profit library”. In June 2020, during the Covid-19 pandemic, John Wiley & Sons, Hachette Book Group, HarperCollins and Penguin sued Random House Internet Archive for attempting to create a “National Emergency Library” by … Read more
As the world grapples with a banking crisis on the brink of chaos, the Federal Reserve (Fed) has taken drastic action to pump liquidity into the market. The initiative has led to an unexpected reaction from the crypto market, especially Bitcoin. Amid rising interest rates and a string of bank bailouts, the Fed’s balancing act … Read more
Anne Czichos A number of things happened to First Republic Bank (NYSE:FRC) since I put out a counter call about two weeks ago to buy the shares of the community bank. FRC shares have since been whipped and banked has seen significant deposit outflows in the days following the banking failure of Silicon Valley Bank. … Read more
A Cruise robotic taxi operating without a safety driver recently collided with a San Francisco Municipal Transportation Agency (Muni) bus. No injuries were reported. While the bus sustained minor damage, damage to the front bumper of the Cruise vehicle was more serious. At the time of the incident, the Cruise robotaxi was not carrying any … Read more
News By Sarah Rumpf, Fox News March 26, 2023 | 12:37 pm A passenger on a Delta Airlines flight departing from LAX decided to open an emergency exit and activate the slide before takeoff on Saturday morning. Gillian Sheldon/Twitter A Delta Airlines passenger on a flight from Los Angeles International Airport (LAX) was arrested Saturday … Read more
A crypto strategist who accurately predicted the bottom price of Bitcoin (BTC) last year believes that the king crypto is now in the early stages of a new bull market. Pseudonymous analyst DonAlt tells are 471,000 Twitter followers that many traders still believe Bitcoin is still in a downtrend, even after breaking a multi-month reversal … Read more
Twitter CEO Elon Musk has news for employees still at the company. CARINA JOHANSEN—NTB/AFP via Getty Images Twitter employees may have left the office Friday feeling particularly demoralized. Last month, after another round of layoffs, CEO Elon Musk indicated that on March 24 he would share information about “very significant stock and other compensation, based … Read more
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