According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
HSBC has agreed to acquire the UK arm of Silicon Valley Bank for a nominal fee of £1, following the collapse of the bank due to its specialization in lending to technology companies.
Visa, Mastercard, and Discover have delayed the implementation of a new merchant category code aimed at tracking firearm sales due to legislative proposals and criticism.
The federal government’s central technology arm jeopardized nearly one million online accounts by rejecting facial recognition technology when it was required for the high-security accounts, then cited “equity” to justify years of lying about its compliance with federal rules, The Daily Wire has learned.
The Department of Justice sued to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines, a deal that the Biden administration says would mean “higher prices and fewer choices” for Americans who rely on low-cost air travel.
Authorities in New York City are calling for an end to the use of face masks inside delis after a bodega worker was killed by a masked assailant, leading to a reversal of the city's earlier COVID-era mask mandates.
Following the latest midterm elections, the Washington Department of Licensing received reports of many foreign nationals being automatically registered to vote in the state.
Business owners and workers in a Democrat-run North Carolina tourist town said their downtown district is deteriorating amid rising crime, rampant homelessness and diminishing police.
