Town Hall News

By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped 70% amid a broader rebound in U.S. regional banks on Friday after analysts upgraded a number of lenders they said were oversold, while some investors said the surge may be short-lived. Investor worries about the health of mid-sized lenders deepened in recent days following the collapse of First Republic Bank and PacWest’s announcement that it was exploring […]

WASHINGTON (Reuters) -U.S. President Joe Biden sharply criticized ‘MAGA’ Republicans for their refusal to vote in a higher federal debt ceiling, signaling that there would be little compromise from the White House at a key May 9 meeting with congressional leaders. Republicans are “divided” on the debt ceiling, Biden said, speaking ahead of a meeting on U.S. investment at the White House, and so-called MAGA Republicans are pushing “draconian” cuts […]

Israelis Reflect on King Charles’ Ties to Jewish People Ahead of Possible Visit British monarch’s visit to Israel would be a historic first By Crystal Jones / The Media Line As British citizens and royal enthusiasts around the world prepare to celebrate the coronation of King Charles III, Israelis are reflecting on the king’s connections to Israel and to the Jewish people. Some are hoping for an official visit after […]

LONDON (Reuters) – From the religious symbolism of his anointment to the moment the crown is placed on his head, what are the highlights to look out for during the coronation of King Charles on Saturday? TIMINGS The coronation ceremony will begin at 1000 GMT following a procession from Buckingham Palace. Unlike the coronation of Charles’ mother Queen Elizabeth, which lasted almost four hours, Charles’ ceremony will last about two […]

JERUSALEM (Reuters) – Israel is hoping for a breakthrough this weekend in its bid to normalize ties with Saudi Arabia during White House national security adviser Jake Sullivan’s visit there, a senior security official said on Friday. “We are very, very hopeful that there will be a breakthrough during his visit,” Head of Israel’s National Security Council Tzachi Hanegbi told Reshet 13 News. Hanegbi spoke this week with his counterpart […]

KYIV (Reuters) – Ukrainian industrial and investment group Smart Holding told Reuters on Friday it will try to recover assets seized by the state from former owner Vadym Novynskyi, saying it owns the assets that were seized rather than the billionaire. Ukraine’s domestic security service said on Thursday it had seized assets worth more than $280 million from Novynskyi after accusing him of aiding Russia, an allegation he denies. It […]

(Reuters) -The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale to JPMorgan Chase & Co, Bloomberg News reported on Friday, citing people familiar with the matter. The SEC is looking into whether any members of the then-executive team of First Republic improperly traded on inside information, according to the report. The development comes a day after U.S. Senator […]

(Reuters) -The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale to JPMorgan Chase & Co, Bloomberg News reported on Friday, citing people familiar with the matter. The SEC is looking into whether any members of the then-executive team of First Republic improperly traded on inside information, according to the report. The development comes a day after U.S. Senator […]

By Ankika Biswas and Sruthi Shankar (Reuters) -U.S. stocks gained on Friday lifted by strong results from Apple and rebounding shares of regional banks, while a stronger-than-expected jobs report eased worries of an imminent economic downturn. Apple Inc gained 4.7% on better-than-expected results, helped by strong iPhone sales and notable inroads in India and other newer markets, fuelling a 2.3% advance in technology stocks. PacWest Bancorp rallied 83.3% and Western […]