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Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan

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Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan

WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]

Exclusive: Pakistan point-of-sale payments slump nearly 50% after protest violence

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Exclusive: Pakistan point-of-sale payments slump nearly 50% after protest violence

KARACHI, Pakistan, May 11 (Reuters) – Point-of-sale transactions routed through Pakistan’s main digital payments system fell by nearly 50% the day after former Prime Minister Imran Khan’s arrest ignited countrywide protests and prompted authorities to shut down mobile internet services, data showed on Thursday. The reason for the slump was primarily the mobile broadband suspension, … [Read more…]