April 7 (Reuters) - First Republic Bank (FRC.N) said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock "as a measure of prudent oversight."Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank.Large U.S. banks injected $30 billion
Posts published in “Stocks”
Netflix’s recent crackdown on password sharing appears to be paying off, according to data from research firm Antenna. The streaming giant started informing U.S. customers last month that anyone living outside their household who had access to their account would need to be added as an extra user for $8 per month, or get their
Summary: The South Korean watchdog updated what assets are considered securities and clarified the regulations governing such tokens.Regulators said the Capital Markets Act would oversee certain types of cryptos as part of a broader effort to standardize the digital asset ecosystem.Reports say tokens that give dividends or a slice of business profits could fall under…
Shell hit record high profits in 2022. Photo: MAY JAMES (Reuters)Shell’s profits hit a record high of $42.3 billion in 2022—double what it made in 2021, and perhaps the highest profits posted by any British company in history. How Shell spent those profits left little doubt about its priorities: $26 billion went toward dividends and…
Big Oil had an outstanding 2022 thanks to booming demand and short supply. The industry’s record-breaking profits fueled higher dividend payments and impressive share buyback plans. Governments haven’t turned a blind eye, however, with the EU and UK levying windfall profit taxes against the industry.Can Colombia Really Replace Oil And Gas Revenue? Big Oil had…
Nic Claxton has surprised everyone on the court over the past few weeks. Suddenly, he’s a two-way dynamo after taking a leap as wide as his wingspan. But he might have impressed Nets head coach Jacque Vaughn the most recently while sitting in a tub. Vaughn was ready to depart Wells Fargo Center on Wednesday…
You are here: Home/ News/ Fintech/ DCG Subsidiary Genesis Preps Up To File BankruptcyJanuary 19, 2023 by Lipika Deka DCG’s subsidiary Genesis might soon file bankruptcy and is reportedly in talks with creditors, according to a Bloomberg report.The development follows after its parent firm Digital Currency Group [DCG], informed its shareholders of suspending dividends until…
Home » Business » Digital Currency Group halts dividends as Genesis preps bankruptcy filing Barry Silbert’s Digital Currency Group (DCG) has suspended its quarterly payments to shareholders as its struggling Genesis Global subsidiary tips ever closer to bankruptcy. On Wednesday, Bloomberg cited sources close to Genesis Global Capital, who said the troubled digital asset lending platform was “laying the groundwork for…
Photo: Anna Moneymaker/Getty ImagesMembers of the right-wing House Freedom Caucus are seeing the first dividends from the deal they struck to give House Speaker Kevin McCarthy (R-Calif.) his gavel: prime committee assignments.Why it matters: The plum postings for Republican rebels fulfill a key concession McCarthy made, handing conservatives greater influence over the GOP conference's congressional…
Among George Santos’s many lies and embellishments and cover-ups is how, exactly, he came into so much money so quickly. Just a few years ago, Santos claimed no major assets and a $55,000 salary. Two years later, his net worth skyrocketed and he apparently boasted a nearly seven-figure salary and millions in dividends. He even…