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US banks launch $30bn bailout of First Republic to stop spiraling crisis | banking End-shutdown
Wall Street giants moved on Thursday to end America’s deepening banking crisis by agreeing to support troubled First Republic, a midsize bank whose shares have taken a hit amid broader banking turmoil. Bank of America, Goldman Sachs, JP Morgan and others will put $30 billion into First Republic, which has seen clients withdraw their money […]
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Biden Admin Crafts New Rules to Stop US Investments in Chinese Tech Companies End-shutdown
The US administration plans to introduce new rules to prevent US investors from financing Chinese companies. The move is aimed at banning the flow of money to certain Chinese sectors, according to a Mint report. The decision is seen as an attempt to protect American technological prowess as the rivalry between the two countries escalates. […]