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☆ NYPD plan heightened marathon security, citing global tensions
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Rollers and paint are pictured after the New York Marathon ceremonial finish line painting in Central Park in the Manhattan borough of New York City, New York, U.S., November 3, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Local law enforcement will implement heightened security measures for Sunday's New York City Marathon due to a rise in tensions around the globe, officials said on Wednesday. "As tensions rise around the globe, there is a growing concern over the impact it will have here at home," said Caban. Police in New York City adopted a "heightened" security footing for Halloween this week, as other large U.S. cities were also on alert, a time of tension over the Israel-Palestinian conflict. City officials mounted a super-sized surveillance and law enforcement effort for the 2013 race, which took place months after the Boston Marathon bombings, while the 2016 edition also featured increased security.

Persons: Carlo Allegri, Edward Caban, Rebecca Weiner, Aleksandra Michalska, Amy Tennery Organizations: New York Marathon, REUTERS, Sunday's New, New York Police Department, Police, NYPD, Boston Marathon, Thomson Locations: Central Park, Manhattan, New York City , New York, U.S, Sunday's New York, New York City, Israel, New York

[1/2] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 19, 2023. UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume up to $5.4 billion in losses as it winds down the smaller peer's investment bank after a shotgun merger engineered by Swiss authorities. The U.S., UK and Swiss central banks are all scheduled to meet in the week ahead. Even after Sunday's news on Credit Suisse, optimism from analysts was laced with caution and some scepticism. Others drew attention to the losses likely to be suffered by Credit Suisse junior bondholders.

FINMA, the Swiss regulator, said the decision would bolster the bank's capital. Engineered in the wake of the global financial crisis, AT1 bonds are a form of junior debt that counts towards banks' regulatory capital. "It's stunning and hard to understand how they can reverse the hierarchy between AT1 holders and shareholders," said Jerome Legras, head of research at Axiom Alternative Investments, an investor in Credit Suisse's AT1 debt. Credit Suisse's AT1 debt had rallied earlier on Sunday amid reports that shareholders would receive something in a deal with UBS, raising hopes that bondholders would be protected. The move by the Swiss regulator could make it harder for other lenders to raise new AT1 debt, investors said.

[1/2] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 19, 2023. UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume up to $5.4 billion in losses as it winds down the smaller peer's investment bank after a shotgun merger engineered by Swiss authorities. The failure of two U.S. banks and a rout in Credit Suisse shares have sent shock waves through markets over the past week, reviving memories of the 2008 financial crisis. The U.S., UK and Swiss central banks are all scheduled to meet in the week ahead. Others drew attention to the losses likely to be suffered by Credit Suisse junior bondholders.

☆ Controlled chemical release scheduled to prevent explosion in wake of Ohio train derailment
▼ + stars: | 2023-02-06 | by ( Dennis Romero | Marlene Lenthang | ) www.cnbc.com time to read: +5 min

Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. Three days after a 150-car train derailed in northeastern Ohio, and risked exploding due to chemicals on board, authorities have announced a planned chemical release. Josh Shapiro ordered an immediate evacuation of a 1-mile by 2-mile area surrounding East Palestine that includes parts of Ohio and Pennsylvania. Graham on Sunday identified at least 10 of the derailed cars as "hazmat cars," or those carrying hazardous materials or chemicals. In a statement Saturday, the village of East Palestine said "zero health risks" had been discovered so far.

Mixed messaging and unclear answers from police would have given whoever fatally stabbed four students in the Idaho college town of Moscow more time to flee, law enforcement experts say. It was two days after the slayings when the department said in a news release that it was "working closely" with the Idaho State Police and other state and federal agencies. The last homicide involving the University of Idaho was in 2011, when a professor fatally shot a graduate student he had been dating before taking his own life. "They have access to the Idaho State Police, which runs a branch of the crime lab in Coeur d'Alene, not far from Moscow," he said. "We know you want answers," Idaho State Police Director Kedrick Wills said at Sunday's news conference.

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