Category: Business & Economics

Zelenskyy is visiting ICC which has issued arrest warrant against Putin

Santosh

The Ukrainian president is at the International Criminal Court (ICC) in The Hague. He is expected to deliver a speech titled “No Peace Without Justice for Ukraine.”  The ICC has issued an arrest warrant for Vladimir Putin, and it’s causing problems for his attendance at an annual summit.  Any countries under the ICC’s jurisdiction are obliged to hand over Putin if he sets foot on their territory.    The Russian president is due to attend the 15th BRICS summit in South Africa, which is under ICC jurisdiction.  Experts have argued that…

First Republic Bank collapses: investors have wondered who’s next

Manish Kumar

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks.  First Republic grew rapidly through deposits from wealthy individuals and companies. It used those deposits to make large loans, including jumbo mortgages.  Once Silicon Valley Bank went under, clients pulled their money, fearful their deposits were in danger.  First Republic said last week that depositors had withdrawn more than $100 billion.  The large loans on First Republic’s books dropped in value as the Federal Reserve rapidly raised interest…