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Heading into a new week, the ongoing interest rate debate within the European Central Bank (ECB) is intensifying, particularly in contrast to the Federal Reserve's increasingly less dovish policy plans (read: fewer interest rate cuts than expected). Last week’s comments from ECB officials, including Italy’s central bank governor Fabio Panetta, highlight the ...
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Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to assume ...
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