BLOOMBERG US bank deposits rose in the latest week, a welcome break in a slide that’s seen cash flow into higher-yielding money-market funds amid unease about smaller lenders. Loans also increased, suggesting credit conditions are stable despite several recent bank failures. Deposits rose by $21.1 billion in the week ended on April 19, according to seasonally adjusted data from the ...

BLOOMBERG First Republic Bank’s week of harrowing stock drops and urgent work towards a deal to shore up its balance sheet ended with the lender’s fate in limbo. The Federal Deposit Insurance Corp (FDIC), keeping tabs on the bank’s deposits and funding, hasn’t reached a decision on intervening at the troubled lender, according to people with direct knowledge of the ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, received the team of the Sharjah Football Club, which was crowned with the UAE President’s Cup, on Sunday, at Al Badi’ Palace, and directed a reward of AED10 million for the team. This came in the presence of HH Sheikh Sultan ...