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U.S. banking regulator has begun misconduct probes in Signature, SVB failures

By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – A U.S. banking regulator is investigating potential misconduct on the part of executives and others involved in the failures of Silicon Valley Bank and Signature Bank. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in prepared testimony to Congress that the agency had begun investigations into …

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Newly fired Fox News producer seeks to recant testimony in $1.6 billion Dominion lawsuit

By Jonathan Stempel NEW YORK (Reuters) – A newly fired Fox News producer is seeking to recant testimony she said network lawyers coerced her into providing as Fox defends against Dominion Voting Systems’ $1.6 billion defamation lawsuit. Abby Grossberg said Fox’s lawyers left her feeling she “had to do everything possible to avoid becoming the …

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U.S. auto union leader promises fight to get workers a ‘fair share’

By Joseph White and David Shepardson DETROIT (Reuters) – Shawn Fain, the new president of the United Auto Workers union, on Monday said he is ready to go to war against “employers who refuse to give our members their fair share.” Fain spoke to a gathering of local union leaders in Detroit after being declared …

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U.S. Supreme Court lets Chevron foe Donziger’s contempt conviction stand

By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp over oil pollution in Ecuadorian rainforests. The court turned away an appeal by Steven Donziger, who …

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How First Republic’s courtship of the wealthy led to meltdown

By Lawrence Delevingne (Reuters) – First Republic Bank became the epicenter of the U.S. regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling. Wall Street’s top banks, led by JPMorgan Chase & Co, have been trying for more than a week to …

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Parts of Twitter source code leaked online, court filing shows

(Reuters) – Some parts of Twitter Inc’s source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, “various excerpts” of Twitter’s source code, which is used to run the company online, were posted on Github, …

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