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Top News In Finreg Today - Breaking & Trending Today

Yellen warns US default would threaten global economy, undermine US leadership

U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership. ....

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PacWest tumbles on deposit drop, asset pledge

PacWest Bancorp said on Thursday deposits declined last week and the bank pledged more assets as collateral to the U.S. Federal Reserve to increase its borrowing capacity, sending shares tumbling 20% in premarket trading. ....

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Big U.S. lenders to pay billions to replenish bank failure fund

Around 113 of the largest U.S. lenders will bear the cost of replenishing the $16 billion hit to a key deposit insurance fund caused by recent bank failures, the Federal Deposit Insurance Corporation (FDIC) said on Thursday. ....

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