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One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.

Persons: Donald Trump, it’s, —, Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, ”, Russell Vought, “, you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, ”, Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia

☆ What's so great about Australia's retirement plan — and what it means for America
▼ + stars: | 2024-04-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.

Persons: —, Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado

☆ Disney's Bob Iger has won the long proxy battle against Nelson Peltz
▼ + stars: | 2024-04-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

It's a victory for CEO Bob Iger against activist investor Nelson Peltz. AdvertisementDisney CEO Bob Iger has officially prevailed in his battle against activist investor Nelson Peltz. Disney had been expected to prevail in the Peltz proxy battle. AdvertisementThe battle, though, likely prompted Iger and the board to redouble its focus on the next Disney CEO. "Regardless of the outcome of today's vote, Trian will be watching this company's performance," Peltz said at the meeting before the decision.

Persons: Bob Iger, Nelson Peltz, —, Peltz, Jay Rosulo, Horacio Gutierrez, Disney's, Maria Elena Lagomasino —, Iger, Disney, Neuberger Berman, Trian, Gen Z, Alpha, Bob Chapek, Iger's, Jason Schloetzer Organizations: Disney, Service, Trian Partners, CNBC, California Public Employees, Epic Games, ESPN, Georgetown University's McDonough School of Business

☆ Disney's fight with Nelson Peltz will come to a head tomorrow. Here's where things stand.
▼ + stars: | 2024-04-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

A vote for the Disney's slate of board members will show support for Iger's performance as CEO since he returned to lead the company in November 2022. AdvertisementIt's the culmination of months of tussling between Disney and Peltz, who has been waging war against Disney's board since January last year. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership." And proxy advisory firm Institutional Shareholder Service recommended shareholders vote for Peltz, though not Rasulo. Advertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.

Persons: —, Bob Iger, Nelson Peltz's Trian, that's, Peltz, Jay Rasulo —, Maria Elena Lagomasino, Michael Froman, Gen, Alpha, Jason Schloetzer, BlackRock, Rowe Price, Iger, Roy Disney's, Laurene Powell Jobs, George Lucas, Lucas, Bob Iger's, Donald Duck's, Ludwig Von Drake, Schloetzer, Trian, That's, Neuberger Berman, Ike Perlmutter, he'd Organizations: Service, Disney, Nelson Peltz's Trian Partners, Business, Century Fox, Epic Games, Georgetown University's McDonough School of Business, Vanguard, Street Journal, ValueAct Capital, Walt, Star Wars, Lucasfilm, New York Times, California Public Employees, CNBC, Netflix, ABC, ESPN, Marvel, Financial

Capital One plans to acquire Discover in an all-stock deal valued at $35.3 billion, pending approval. On Monday, Capital One Financial announced its plans to buy Discover Financial Services. Here's what you need to know about the deal and what it could mean for current Capital One and Discover customers. Capital One credit cards are part of the Visa and Mastercard credit card networks. The Wall Street Journal reports that Capital One is planning to switch some of its credit cards to the Discover network.

Persons: —, Simon Blanchard, Alvin Carlos Organizations: Discover, Service, Financial, Discover Financial Services, Capital, Visa, Mastercard, Georgetown University's McDonough School of Business, Street Journal, CFA, CFP, District Capital Management

☆ Why Alexey Navalny's death is unlikely to change Congress' Ukraine aid quagmire
▼ + stars: | 2024-02-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewLeaders in both parties vowed that Russian President Vladimir Putin must pay for the death of famed opposition leader Alexey Navalny. It's unclear though how their tributes will translate into tangible action, especially on Congress' long-delayed push to send more aid for Ukraine's defense. House Speaker Mike Johnson said in a statement that international leaders "must be clear that Putin will be met with united opposition." While it's true that the foreign aid bill could garner 218 votes, getting the bill on the floor is another matter entirely. Ukraine aid still hasn't passed.

Persons: —, Vladimir Putin, Alexey Navalny, Mike Johnson, Putin, Johnson, Donald Trump, Marjorie Taylor Greene, Kevin McCarthy, hasn't, McCarthy, Matt Gaetz, Trump, Matt Glassman, Glassman, It's, there's, Volodymyr Zelensky, Schumer, Churchill Organizations: Service, Business, Georgia Republican, Ukraine, GOP, California Republican, Florida Republican, Georgetown University's Government Affairs Institute, Republicans, Trump, Republican Locations: Ukraine, United States, Baltic, Georgia, California, Florida, Mexico, Mexican

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ A former OpenAI board member says Sam Altman's firing wasn't 'motivated by a desire to slow down OpenAI's work'
▼ + stars: | 2023-11-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Former OpenAI board member Helen Toner has announced her resignation. Toner said that the board wasn't trying to slow down OpenAI's work by firing CEO Sam Altman. AdvertisementFormer OpenAI board member Helen Toner says the board wasn't trying to stifle the company's progress by removing CEO Sam Altman. Though there has been speculation, we were not motivated by a desire to slow down OpenAI’s work. AdvertisementAside from bringing back Altman, OpenAI welcomed a new initial board comprising Bret Taylor, Larry Summers, and Adam D'Angelo.

Persons: Helen Toner, Toner, Sam Altman, Altman, —, wasn't, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Taylor, Tasha McCauley, Ilya Sutskever . Organizations: Service, Georgetown University's Center for Security, Emerging Technology, Microsoft, Business Insider Locations: OpenAI's

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ Fear that AI could one day destroy humanity may have led to Sam Altman's (potentially brief) ouster from OpenAI
▼ + stars: | 2023-11-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Fears over the speed of AI development at OpenAI may have sowed discord within its top ranks. Some OpenAI board members may have disagreed with Altman's approach to AI innovation. OpenAI cofounder Ilya Sutskever has long called for caution due to concerns AI could harm humanity. AdvertisementSam Altman's possibly brief dismissal from OpenAI has exposed a schism between the company's top leaders over how to curb the existential threat posed by AI. OpenAI's board has not offered any more details on what led them to fire Altman beyond noting that they had "lost confidence" in him and that he was not "consistently candid" in communications.

Persons: Ilya Sutskever, —, Sam Altman's, OpenAI, Altman, Mayoshi, Sutskever, — Helen Toner, who's, Tasha McCauley —, Dario Amodei, that's, Elon Musk, Tesla Organizations: Service, The New York Times, Georgetown University's Center for Security, Emerging Technology, Wired Locations: OpenAI

☆ Sam Bankman-Fried tried to pin his fraud scheme on his closest friends. Then they turned on him for it.
▼ + stars: | 2023-11-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +12 min

A jury found Sam Bankman-Fried guilty in his fraud trial over the collapse of FTX. One by one, his friends flipped to work with the prosecution and threw Bankman-Fried under a much bigger bus. That's how a jury found him guilty of seven counts in his federal fraud trial in downtown Manhattan on Thursday evening. AdvertisementAdvertisementSingh, for example, testified he was "blindsided and horrified" when he found out in November that Alameda had used FTX customer money. The sentencing schedule may depend on a second criminal trial Bankman-Fried faces for alleged illegal campaign contributions.

Persons: Sam Bankman, Fried, SBF, —, FTX, –, Nicolas Roos, Jim Angel, Angel, Caroline Ellison, Gary Wang, Nishad Singh, Bankman, Singh, blindsided, Ellison, Sam, Eduardo Munoz Alvarez, Wang, Singh —, Mark Cohen, Cohen, who'd, Adam Yedidia, Sun, deflating, they're, Chelsea Jia Feng, Danielle Sassoon, Roos Organizations: Service, Prosecutors, MIT, Georgetown, Financial Markets, Alameda, Bankman Locations: FTX, Alameda, Manhattan, Bankman

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters reported in June that the very AI chips barred by prior regulations could be purchased from vendors in China's Shenzhen. AI capabilities, aided by supercomputing and advanced chips, improve the speed and accuracy of military decision-making, planning and logistics, according to the regulations released Tuesday. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. "We don’t think incremental semiconductor equipment restrictions are likely to have significant long term effects" on equipment suppliers, Wolfe Research said in a client note.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, Biren, ASML, Lam, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Beijing, Commerce, Reuters, Georgetown University's Center for Security, Emerging Technology, Xilinx, Intel, supercomputing, HIT, AMD, U.S, Lam, Applied Materials, Wolfe Research, Semiconductor Industry Association, Thomson Locations: China, U.S, Iran, Russia, Beijing, China's Shenzhen, Georgetown, CHINA, Macau, Netherlands

China's Ministry of Commerce has previously accused the U.S. of abusing export controls and called for it to "stop its unreasonable suppression of Chinese companies." Washington has been working to close other loopholes that allow the AI chips into China. In August, it told Nvidia and AMD to restrict shipments of the AI chips beyond China to other regions, including some countries in the Middle East. Sources said the new rules on AI chips expected this month will likely apply those same restrictions more broadly to all companies in the market. But sources say the Biden administration is grappling with that issue as well.

Persons: Florence Lo, Biden, Greg Allen, Hanna Dohmen, George, CSET, Timothy Fist, Alexandra Alper, Karen Freifeld, Chris Sanders, Anna Driver Organizations: REUTERS, United, Reuters, Center for Strategic, International Studies, Commerce Department, Embassy, China's Ministry of Commerce, U.S, Georgetown University's Center for Security, Emerging Technology, International Affairs, George Washington University’s School of International Affairs, Nvidia, Xilinx, Intel, AMD, Amazon Web Services, Washington, New, New American Security, Thomson Locations: United States, Beijing, China, U.S, Shenzhen . Washington, Singapore, Washington, Georgetown, Microsemi . Washington, New American

☆ The US economy's brief moment of slowing inequality might be on its way out
▼ + stars: | 2023-07-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Income inequality has narrowed in the US, with low-wage workers receiving raises during the pandemic. This trend has been tapering off, though labor market competition has benefited wage growth. This was thanks to pre-pandemic minimum wage legislation, coupled with higher raises for lower wage workers in the tumultuous years that followed. Although low-wage workers have slightly narrowed the gap, corporate profits have boomed, allowing those at the very top to stay separated from the rest. In June 2022, low-wage workers saw 7.2% wage growth from the prior year, falling to 6.5% in June 2023.

Persons: It's, David Autor, Ford, Autor, Harry Holzer, John LaFarge Jr, SJ, Georgetown University's, Holzer, Biden, " Holzer Organizations: Service, National Bureau of Economic Research, Federal Reserve Bank, Dallas, MIT Department of Economics, American Bar Association, Public, Georgetown, Georgetown University's McCourt School of Public, Federal Reserve Bank of, Economic Policy Institute Locations: Wall, Silicon, Federal Reserve Bank of Atlanta

REUTERS/Bobby Yip/File PhotoHONG KONG, July 3 (Reuters) - Hong Kong police on Monday accused eight overseas-based activists of serious national security offences including foreign collusion and incitement to secession and offered rewards for information leading to any arrest. "They have encouraged sanctions ... to destroy Hong Kong and to intimidate officials," Steve Li, an officer with the police's national security department, told reporters. Chinese and Hong Kong authorities say the law has restored the stability necessary for preserving Hong Kong's economic success. "I miss Hong Kong but as things stand, no rational person would be going back." British-based rights group Hong Kong Watch said in a statement Britain, the U.S. and Australia should issue statements "guaranteeing the safety of those activists named and the wider Hong Kong community living overseas".

Persons: Nathan Law, Bobby Yip, Anna Kwok, Finn Lau, Dennis Kwok, Ted Hui, Kevin Yam, Mung Siu, Yuan Gong, Steve Li, Hong Kong, Yam, Li, James Pomfret, Jessie Pang, Robert Birsel Organizations: REUTERS, HK, Hong, Reuters, Georgetown University's Center, Asian Law, Police, Kong's Security, Hong Kong Watch, Thomson Locations: Hong Kong, China, HONG KONG, United States, Britain, Australia, Beijing, British, Hong, Asia, U.S

☆ Amid US-China rivalry, a landmark science deal faces new scrutiny
▼ + stars: | 2023-06-18 | by ( Michael Martina | ) www.reuters.com time to read: +6 min

"Extending the Science and Technology Agreement between the U.S. and China would only further jeopardize our research and intellectual property," said Representative Mike Gallagher, the Republican chair of a congressional select committee on China. "The administration must let this outdated agreement expire." "It is hoped that the U.S. side will expedite the internal review before the expiration of the agreement," he said. Given the state of U.S.-China ties, trying to renegotiate could derail the agreement, they said. Proponents of renewing the deal argue that without it, the U.S. would lose valuable insight into China's technical advances.

Persons: Florence Lo, Antony Blinken, Mike Gallagher, Liu Pengyu, Joe Biden, Kurt Campbell, Denis Simon, Anna Puglisi, Michael Martina, Don Durfee, William Mallard Organizations: REUTERS, WASHINGTON, ., China Science, Technology, Science, U.S, State Department, National Security Council, Hudson Institute, University of North, Chapel Hill, Georgetown University's Center for Security, Emerging Technology, Thomson Locations: China, U.S, United States, Beijing, Washington, Pacific, University of North Carolina, East Asia

☆ We're losing the battle against bird loss. Scientists estimate North America's bird population is down 3 billion and dropping fast in other countries worldwide.
▼ + stars: | 2023-06-06 | by ( Emily Sohn | Knowable Magazine | ) www.businessinsider.com time to read: +11 min

In North America, more than half of 529 bird species have declined, according to one study. Another study of 378 European bird species estimates numbers fell by as much as 19% from 1980-2017. There are birds on mountains, birds in cities, birds in deserts, birds in oceans, birds on farm fields and birds in parking lots. Bird numbers are falling across a broad range of habitats, as these graphs from Europe and North America show. A recovery program has boosted the species' numbers to more than 500, with several hundred living once more in the wild.

Persons: —, Peter Marra, It's, Alexander Lees, Lees, Christopher Michel, Marra, we're, Lees et, Philip McGowan, Glenn Simmons, McGowan Organizations: Service, Penguins, Earth Commons, Manchester Metropolitan University, Cornell, of Ornithology, National Audubon Society, Survey, US Geological Survey, Environment Canada, European Union, International Union for Conservation, Environment, Resources, Newcastle University, IUCN, California condor, Recovery Initiative Locations: North America, Antarctica, ptarmigan, Everest, Georgetown, England, Canada, United Kingdom, Gould Bay, eBird, United States, Science, Costa, India, Europe, California, Arizona, Brazil

Debate over the US debt ceiling puts the potential of a US Treasury default in focus. Failing to do so could lead to a US Treasury default if the government becomes unable to make payments on all of its outstanding debts. "This type of default — one that occurs due to not being able to raise the debt ceiling — would be unprecedented," Steeno says. 6 ways a US Treasury default could hurt your financesHere are some of the biggest financial impacts Americans would feel in the event of a US Treasury default:1. But a Treasury default could undo any progress they've been made.

☆ The 31 colleges with the best bang for your buck
▼ + stars: | 2023-05-01 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +2 min

Most graduating high school seniors have until May 1 to decide where they will go to college. Here are the top 31 colleges based on their return of investment. To get the best bang for your buck, students need to consider how much they'll earn in the future from investing thousands of dollars in tuition, room, and board over the next four years. We ranked the top 31 colleges according to how much that investment will be worth in 40 years in today's dollars. Here are the top 31 colleges with the best return on investment.

☆ Fed's Bowman sees potential for interbank digital dollar
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

April 18 (Reuters) - A so-called "wholesale" central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday. While a digital dollar could make sense for interbank transactions, there could be unintended consequences like disruptions to the banking system if the Fed were to design a central bank digital currency that would be directly available to the public, Bowman said in prepared remarks for an event at Georgetown University's Psaros Center for Financial Markets and Policy. The U.S. central bank has not yet said if it would embark on an effort to create a central bank digital currency, and has previously said it would seek authorization from Congress and the executive branch before doing so. Reporting by Ann Saphir and Hannah Lang; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

The conservative-leaning court will issue rulings this spring in cases questioning the legality of race-conscious admissions at Harvard and the University of North Carolina. To increase enrollment of all underrepresented groups on campus without race-conscious admissions, the study said, schools would need to overhaul the entire process. The study's authors said it was unlikely that schools would universally adopt class-conscious admissions. Those that do try class-conscious admissions might still face discrimination lawsuits if they start giving explicit preference to low-income students, Carnevale added. Schools would have to invest heavily in expanding their recruitment of high school students from disadvantaged backgrounds for a class-based alternative to produce anywhere near the level of racial diversity accomplished through race-conscious admissions, the study found.

☆ JFK and Jackie Kennedy's first home as a married couple is going up for sale in DC. The listing includes candid photos of the couple.
▼ + stars: | 2023-03-26 | by ( Katie Balevic | ) www.businessinsider.com time to read: 1 min

The home was the Kennedy's first as a newlywed couple. John F. Kennedy says goodbye to his wife, Jackie, who is on her way to classes at Georgetown University's Foreign Service School. One of the old homes of former President John F. Kennedy is about to be listed publicly for sale in Washington, DC, and the listing includes candid photos of his life with Jackie Kennedy early in their marriage. The home at 3321 Dent Place NW, where the Kennedys "signed their first lease as a newly married couple," will be listed this week for $2 million, according to Redfin. The broker, Michael Brennan, did not immediately return Insider's request for comment.

☆ First Republic just got a $30 billion lifeline from JPMorgan and other Wall Street giants. Here's why its problems aren't over.
▼ + stars: | 2023-03-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

JPMorgan and 10 other banks are depositing $30 billion in First Republic Bank. A white knight has arrived to First Republic Bank's rescue. A consortium of America's biggest banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are depositing a collective $30 billion in First Republic. This $30 billion lifeline may not be enough to reassure investors and depositors, and it may be a stopgap measure before a sale. The $70 billion lifeline from JPMorgan announced on Sunday did little to quell investors' concerns, Dahiya noted.

☆ SVB is still looking for a buyer. Here is what we know so far.
▼ + stars: | 2023-03-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

The weekend came and went without a buyer for SVB Financial Group, the parent company of the failed Silicon Valley Bank. SVB Capital focuses on venture capital and credit investing and SVB Securities is its investment banking arm. Axios reported Monday morning that JPMorgan and PNC were in talks to acquire SVB Financial Group but not the failed commercial bank. SVB Securities, better known as SVB Leerink, the investment banking arm born out of SVB's 2018 acquisition of Leerink, is a very desirable business, he added. "SVB Leerink is a well-known name in the tech and healthcare space that will be attractive to someone," said Healy.

☆ Silicon Valley Bank's collapse means startups and VCs face billions in losses
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

SVB's startup and VC customers are staring down huge losses after its failure. A buyer is being sought for the failed bank by Monday to avoid more calamity for startups. SVB customers stare down big lossesIn a report on Friday, the ratings agency Moody's said it expected a recovery rate of 80% to 90% for uninsured depositors. While there were likely billions in deposits withdrawn prior to SVB's closure, there's still likely to be many billions left at risk. SVB's deposits soared in recent years as it became the go-to lender in the VC ecosystem.

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