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Search resuls for: "Herbert T"


6 mentions found


☆ Biden promises 'whatever needed' for U.S. bank system as SVB shock hammers stocks
  + stars: | 2023-03-13 | by ( Trevor Hunnicutt Alun John Rae Wee | Trevor Hunnicutt | Alun John | ) www.reuters.com   time to read: +7 min
Biden said his administration's actions over the weekend meant "Americans can have confidence that the banking system is safe", while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis. Shares in U.S. banking giants JP Morgan Chase (JPM.N), Morgan Stanley (MS.N) and Bank of America (BAC.N) nevertheless weakened. But your second thought is, how big was that crisis, how big were the risks that this step had to be taken?" U.S. regulators stepped in on Sunday after the collapse of SVB, which had seen a run after a big bond portfolio hit. [1/3] U.S. President Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank (SVB) and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., U.S. March 13, 2023.
☆ First Republic tells CNBC the bank isn't seeing that many depositors leave, JPMorgan funding working
  + stars: | 2023-03-13 | by ( Jesse Pound | ) www.cnbc.com   time to read: 1 min
First Republic Bank has been able to meet withdrawal demands on Monday with the help of additional funding from JPMorgan Chase , the bank's executive chairman told CNBC's Jim Cramer. Jim Herbert told Cramer that the bank was not seeing massive outflows of deposits and that the business was operating as usual. Herbert declined to say specifically how much had been withdrawn, Cramer said. First Republic announced Sunday it had received additional liquidity from the Federal Reserve and JPMorgan. That brought the bank's unused liquidity to $70 billion, First Republic said, before accounting for potential use of the Bank Term Loan Facility that the Fed created over the weekend.
☆ Wall Street is surprised by First Republic's falling stock. Here's how the bank compares to SVB
  + stars: | 2023-03-13 | by ( Jesse Pound | ) www.cnbc.com   time to read: +6 min
FRC 1D mountain First Republic's stock was down by more than 75% at one point on Monday. The dramatic slide puzzled many Wall Street analysts, however, who still see First Republic as a strong bank even after SVB's demise. Here's a look at some of the pressure points for First Republic and how it compares to SVB. First Republic's deposit mix has likely changed in recent days, though the company has not released updated numbers. Another consideration is that First Republic's loans are largely residential real estate.
☆ NFL roundup: 49ers clip Raiders in OT, win 9th straight
  + stars: | 2023-01-02 | by ( ) www.reuters.com   time to read: +12 min
Jones completed 19 of 24 passes for 177 yards and had 11 carries for a team-high 91 rushing yards. Buccaneers 30, Panthers 24Tom Brady threw three touchdown passes to Mike Evans and orchestrated a fourth-quarter comeback as Tampa Bay clinched the NFC South by beating visiting Carolina. Jerick McKinnon caught two touchdown passes and Blake Bell also made a scoring grab for the Chiefs (13-3). Cooper caught touchdown passes of 46 and 33 yards and running back Nick Chubb had 104 yards on 14 carries. Seahawks 23, Jets 6Geno Smith threw two touchdown passes as Seattle remained in the playoff race with a win against visiting New York.
☆ Why an Abu Dhabi startup wants to send quinoa seeds into space
  + stars: | 2022-12-20 | by ( Nell Lewis | ) edition.cnn.com   time to read: +4 min
Abu Dhabi-based startup StarLab Oasis, a spin-off from Texan company Nanoracks, wants to grow seeds in outer space in order to develop plant varieties that can survive on a less hospitable Earth. In 2023, StarLab Oasis expects to send its first seeds into orbit. From soybeans to quinoa, seeds grow differently in space than on land. Sending seeds to space will help “sustainability, climate change, and food security on Earth,” StarLab Oasis’ co-founder Allen Herbert tells CNN Business. It plans to work with companies, space agencies, universities and non-profits, to send seeds to space either for research or commercial purposes.
☆ Bears vs Patriots: Mac Jones benched mid-game as Chicago scores 23 straight points to beat New England
  + stars: | 2022-10-25 | by ( Ben Morse | ) edition.cnn.com   time to read: +3 min
CNN —New England Patriots starting quarterback Mac Jones was benched mid-game in his team’s 33-14 home defeat to the Chicago Bears on Monday Night Football. Jones had missed the past three games with a high ankle sprain but finally returned to the starting line-up to face the Bears. A New England Patriots fan holds a sign during the game against the Bears. In a style change from previous weeks, the Bears coaching staff implemented more designed runs for Fields to utilize his dynamism and keep the Patriots defense off-kilter. “I think that creates an issue sometimes for the defense, depending on what defense they’re in,” Eberflus said.
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