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Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more
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TEMECULA, California, Oct 31 (Reuters) – A Southern California wildfire fueled by desert winds burned 2,487 acres (1,010 hectares) and prompted evacuation orders for more than 4,000 people in Riverside County, officials said on Tuesday. The Highland Fire nearly doubled in size from Monday night to Tuesday, blowing toward the west by Santa Ana winds. … Read more
Sept 21 (Reuters) – U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology. This comes after Sequoia Capital in June said it is … Read more