DETROIT—More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators that in rare cases can explode in a collision and spew shrapnel. Few of them know it. And because of a dispute between federal safety regulators and an airbag parts manufacturer, they aren’t likely to…
More Than 30 Million US Drivers Don’t Know If They’re at Risk From a Rare but Dangerous Airbag Blast
Goldman Fined $7 Million by ECB Over Credit Risk Reporting
FRANKFURT—The European Central Bank (ECB) said on Monday it had fined Goldman Sachs’ European unit 6.63 million euros ($7.3 million) for underreporting the risk associated with some corporate credit, thereby flattering its balance sheet. Goldman Sachs said in a statement it had “closely cooperated with the ECB” and “taken all necessary steps” to resolve the…
Taking Risk Is No Longer Necessary, but That Is a Problem
Commentary Taking risks is no longer necessary to make a return on your savings. Not long ago, “cash is trash” was a common theme as savings accounts yielded zero. Of course, such was the intent of the Federal Reserve following the financial crisis of 2008–09 in the hope that inflating asset prices would trickle down…
Small Banks in Good Shape Despite SVB Collapse, Says Community Bankers of America
The failures of Silicon Valley Bank (SVB), Silvergate, and Signature Bank last week served as stark reminders of the banking sector’s vulnerability to rising interest rates and a fragile economy. However, community banks in the country are trying to reassure in general that the overall health of regional banks remains strong. The Independent Community Bankers of America (ICBA),…
Small Banks in Good Shape Despite SVB Collapse, Trade Group Says
The failures of Silicon Valley Bank (SVB), Silvergate, and Signature Bank last week served as stark reminders of the banking sector’s vulnerability to rising interest rates and a fragile U.S. economy. However, the overall health of community banks remains strong, according to a trade association representing the country’s smallest banks. The Independent Community Bankers of America (ICBA)…
Credit Risk Surges as Investors Fear Bank Failures Threaten Markets
NEW YORK—Credit risk indicators flashed red on Monday, as investors worried about contagion risks across corporate debt markets after the collapse of Silicon Valley Bank (SVB) and New York’s Signature Bank in the space of 72 hours. An index of credit default swaps (CDS) on U.S. investment-grade companies rose to 90.2 basis points, its highest…
Outsourcing Investment or Taking More Risk?
Commentary In 2022, the S&P 500 Index returned -19.64 percent. If you run the same numbers and include dividend reinvestment, the sting was a little less, with a return of -18.32 percent. Not great, for sure. Those kinds of returns have people asking questions about how they are invested. To be clear, if you get a return of…
House Administration Arm Bans TikTok on Official Devices
December 28, 2022
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The Chinese video app TikTok has been banned from all U.S. House of Representatives-managed devices, according to the House’s administration arm, mimicking a law soon to go into effect banning the app from U.S. government devices. The app is considered “high risk due to a number of security issues,” the House’s Chief Administrative Officer (CAO)…
Angels With Dirty Faces (1938)
December 24, 2022
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Jerry and Locke are childhood friends. From childhood to play, the two had very good feelings between them, but unfortunately, as adults, the two very different personalities embarked on completely different paths. – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below the video to…
ESG a Key Risk Issue in Disputes Related to Mergers and Acquisitions: Survey
Environmental, social, and governance (ESG) factors are playing a “more significant role” when it comes to mergers and acquisitions (M&A) disputes, according to a recent study by Berkeley Research Group (BKG) which surveyed a group of M&A lawyers and corporate finance professionals. From the perspective of M&A lawyers, 6 percent believed that a lack of…
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