Month: May 2023

FDIC prepares to place First Republic under receivership 

Reuters was the first to report that a U.S. banking regulator was preparing to put regional lender First Republic Bank in receivership, marking the second largest U.S. bank failure of all time and the biggest since the 2008 financial crisis. First Republic shares dropped as much as 58% in after-market trading on Friday after the […]
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SoftBank’s Arm registers for blockbuster U.S. IPO

Reuters was first to report that SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, setting the stage for this year’s largest initial public offering. While SoftBank had said in March it planned to list Arm in the U.S. stock market, the company’s IPO registration shows […]
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