Town Hall News

By Moira Warburton WASHINGTON (Reuters) – The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Democratic Chairman Sherrod Brown said on Tuesday. The first hearing will hear from witnesses including Federal Deposit Insurance Corporation Chair Martin Gruenberg, Federal Reserve official Michael Barr, and Nellie Liang, an under secretary at the U.S. Treasury Department, according […]

By Jonathan Stempel (Reuters) – A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram. The complaint made public late Monday by several pension and investment funds that own Meta stock said Meta’s leadership and board have failed to protect the company’s and shareholders’ interests by turning a blind […]

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate. All three major U.S. stock indexes were bright green as the session closed, with smallcaps, energy and financials enjoying […]

PARIS (Reuters) – France’s parliament voted in favour of the government’s nuclear investment plan with a large majority on Tuesday, a day after the government narrowly survived a no-confidence vote over its pension reform plan. The nuclear renewal plan, whose key plank is the planned construction of six new nuclear reactors, was approved with 402 votes in favour and 130 against. On Monday, 278 lawmakers backed an opposition-led no-confidence motion, […]

(Reuters) – First Republic Bank, the beleaguered U.S. regional lender, is looking at ways to downsize if its attempts to raise new capital fail, sources said, while U.S. bank CEOs met in Washington after the collapse of three lenders stunned markets. First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one source […]

By Dawn Chmielewski and Stephen Nellis (Reuters) – Two Silicon Valley companies on Tuesday announced new tools that use artificial intelligence to generate images while tackling some of the thorniest legal issues surrounding the technology: copyrights and payments. Adobe Inc added artificial intelligence to some of its most popular software, including Adobe Photoshop and Adobe Illustrator, to speed the process of generating images and text effects, noting that creators whose […]

PARIS (Reuters) – France’s parliament voted in favour of the government’s nuclear investment plan with a large majority on Tuesday, a day after the government narrowly survived a no-confidence vote over its pension reform plan. The nuclear renewal plan, whose key plank is the planned construction of six new nuclear reactors, was approved with 402 votes in favour and 130 against. On Monday, 278 lawmakers backed an opposition-led no-confidence motion, […]

(Reuters) – First Republic Bank, the beleaguered U.S. regional lender, is looking at ways to downsize if its attempts to raise new capital fail, sources said, while U.S. bank CEOs met in Washington after the collapse of three lenders stunned markets. First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one source […]

PARIS (Reuters) – France’s parliament voted in favour of the government’s nuclear investment plan with a large majority on Tuesday, a day after the government narrowly survived a no-confidence vote over its pension reform plan. The nuclear renewal plan, whose key plank is the planned construction of six new nuclear reactors, was approved with 402 votes in favour and 130 against. On Monday, 278 lawmakers backed an opposition-led no-confidence motion, […]