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Howard Schultz · SeattleStarbucks on Monday said Laxman Narasimhan has officially become CEO, nearly two weeks earlier than expected. He’ll lead the coffee giant’s annual shareholder meeting Thursday, marking his first public address as its chief executive.
New Starbucks CEO Laxman Narasimhan takes over nearly two weeks earlier than expected
55% Center coverage: 18 sources
JP MorganJPMorgan Chase CEO Jamie Dimon is working to raise capital for First Republic Bank, WSJ reports. Eleven banks last week placed $30 billion in deposits with First Republic, but the bank still reported lower deposits late Thursday. First Republic stock was paused for trade after losing 37% of its value.
JPMorgan CEO leading talks for new First Republic rescue plan
Coverage: 4 sources
AmericasThe Federal Deposit Insurance Corp. said Monday it's extending the bidding for former units and assets of Silicon Valley Bank. The FDIC said it will allow parties to submit separate bids for Silicon Valley Bridge Bank and its Silicon Valley Private Bank units. Qualified, insured banks and banks in alliance with nonbank partners will be able to submit whole-bank bids.
FDIC extends bidding for Silicon Valley Bank
Coverage: 4 sources
Business · Hong KongAsian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.
Asian stocks tumble after Credit Suisse takeover
50% Center coverage: 28 sources
Entertainment · Los Angeles'Shazam! Fury of the Gods' fell short of its modest expectations ($35 million) as well as the first film in the series ($53.5 million in April 2019) 'Creed III' grossed an additional $15.4 million to land in the No. 3 spot. The film, directed by and starring Michael B. Jordan has now earned $127.7 million in North America.
‘Shazam! Fury of the Gods’ disappoints with $30.5 million opening weekend
64% Center coverage: 86 sources
Business · New YorkA new study says that, depending on certain market conditions, nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank (SVB).
Study finds 186 banks vulnerable to Silicon Valley Bank-like collapse
69% Right coverage: 13 sources
State of Emergency · Miami BeachMiami Beach officials imposed a curfew beginning Sunday night during spring break after two fatal shootings and rowdy, chaotic crowds that police have had difficulty controlling.
Miami Beach declares curfew over spring break violence
59% Center coverage: 134 sources
Europe · New YorkUBS will take over Credit Suisse, the Swiss central bank has confirmed.The takeover deal comes after the 167-year-old bank was brought to the brink of financial calamity last week despite securing a $54bn (£44bn) credit line from Switzerland's central bank.
UBS to take over Credit Suisse, Swiss central bank confirms
52% Center coverage: 215 sources
