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The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a deal to acquire Silicon Valley Bank (SVB), the recently failed tech lender. On March 10, the federal regulator took over SVB following a bank run that caused it to collapse . The FDIC then sought a buyer for the bank, either as a whole or in segments, and found one in First Citizens in a transaction including $72 billion in assets — a discount of $16.5 billion, according to the FDIC statement . About $90 billion in SVB’s securities and other assets were not part of the acquisition and will stay in the ownership of the FDIC, according to the statement. The FDIC also will get equity appreciation rights tied to the stock of First Citizens, which may be worth up to $500 million, according to the statement. (RELATED: After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts) Federal Reserve Board Chair Jerome Powell speaks … [Read more...] about First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal

The New York grand jury investigating whether former President Donald Trump should be indicted for allegedly making an illegal hush money payment to pornographic actress Stormy Daniels is reportedly expected to reconvene Monday. The grand jury last met Tuesday — the day Trump claimed he would be arrested — and did not deliberate the case on Wednesday and Thursday as expected. The 23 jurors will likely reconvene Monday, The Wall Street Journal reported, citing anonymous sources familiar with the matter. A majority vote from the jury is required for Trump to be indicted. The potential charges stem from Trump’s lawyer Michael Cohen paying Daniels $130,000 before the 2016 election to keep her from speaking about an alleged affair with Trump. In 2018, Cohen pleaded guilty to violating federal campaign finance laws when making the payment. WACO, TEXAS – MARCH 25: Former U.S. President Donald Trump speaks during a rally at the Waco Regional Airport on March 25, 2023 in Waco, … [Read more...] about Grand Jury Investigating Trump Expected To Reconvene

Share to Twitter Share to Linkedin 1. Aman takes over Rosa Alpina The iconic Rosa Alpina hotel, in Italy’s UNESCO-protected Dolomites, has been providing hospitality since 1939 and is about to enter perhaps its most exciting chapter yet – as a fully-fledged Aman resort. Having presided over Rosa Alpina for three generations, the Pizzinini family will remain at the helm of the serene mountain retreat. The long-term partnership with Aman sees the family unite with the brand’s philosophy of intuitive service and a luxury home-away-from-home experience. Currently undergoing an extensive refurbishment, the illustrious property will reopen under its new guise for the 2024/25 winter season. The revamp of Rosa Alpina will be overseen by long-time Aman collaborator Jean-Michel Gathy of Denniston Architects, who most recently masterminded the monumental transformation of the Crown Building to become Aman New York . The redesign will include a … [Read more...] about Need To Know: Five Essential Hotel Updates For Travel Lovers

Share to Twitter Share to Linkedin With roughly 270 million people living within its borders, Indonesia is the fourth most populous nation on the planet—and for a deep dive into the fascinating array of cultures found across the country, there’s no better destination than Jakarta. This massive metropolis has served as the Indonesian capital since 1961, offering a colossal array of top-tier restaurants, museums, and historic landmarks for both visitors and locals to enjoy. As you plan your first visit to this storied city, don’t miss out on these incredible Indonesian experiences. Try Flavorful Indonesian Cuisine in PIK Located just east of Soekarno–Hatta International Airport, Pantai Indah Kapuk—or PIK, for short—is one of Jakarta’s most affluent communities, providing visitors with a wealth of polished restaurants to enjoy during a visit. While the province of Bali has earned abundant acclaim for its spectacular natural beauty, visitors to PIK can … [Read more...] about Five Essential Activities For First-Time Visitors To Jakarta

Share to Twitter Share to Linkedin Many people come to therapy after running into problems with the one they thought was ‘the one.’ They often say things like: “I’m not sure if this relationship is even worth my effort as she does not seem to have all the qualities that I am looking for in a partner.” “I fear that if I am my genuine self, he might think I am weak for being emotional and choose to walk out.” “I feel like there’s a wall between us. Why do we shudder at the thought of talking about the things we need to talk about?” Much of this uncertainty stems from a ‘detachment’ in one’s attitude towards dating. Part of this has to do with a more distanced approach to dating (i.e., texting instead of talking) that is common today. Another part has to do with the seemingly endless opportunities to strike up a connection with a new romantic interest (via dating websites). Whether we choose to pin it on the culture of social media, the … [Read more...] about A Psychologist Recommends 3 Ways To Reverse Your Pattern Of ‘Detached Dating’