Trade Republic Bank closes €10m in Series A to support European expansion
Trade Republic Bank, a mobile-only and commission-free broker, has collected €10m in its Series A round which will support its European expansion efforts.
Trade Defence Instruments
This series of videos highlights the increased emphasis on enforcing the EU trade agreements while explaining many aspects of Trade policy
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Alecta CEO Says Investments in US Banks ‘a Big Failure’
Magnus Billing, CEO of Sweden’s largest pension fund Alecta, says its investments in SVB, Signature Bank, and First Republic Bank were a “big failure” on “Bloomberg Surveillance.”
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First Republic Sees Deposits Slump, Cutting up to 25% of Jobs
First Republic sees deposits slump 41% from the end of 2022. The California lender is also cutting its workforce by as much as 25%. Bloomberg’s Sally Bakewell reports.
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US Tries to Orchestrate Rescue of First Republic Bank
The US government is trying to orchestrate a rescue of First Republic Bank with the aid of the nation’s biggest banks, according to people with knowledge of the matter, after the California lender’s shares plunged. Bloomberg’s Ed Ludlow and Caroline Hyde report.
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