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Yellen says not willing to allow contagious bank runs to develop

Yellen says not willing to allow contagious bank runs to develop

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen delivers remarks after receiving the Paul A. Volcker Award at the National Association for Business Economics 39th Annual Economic Policy Conference in Washington, U.S., March 30, 2023. REUTERS/Leah Millis   SBNY -7.16% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please…

‘Shoot them.’ Chipotle order turns chaotic after duo demands more cheese, Ohio cops say

‘Shoot them.’ Chipotle order turns chaotic after duo demands more cheese, Ohio cops say

A Chipotle in Ohio turned chaotic and dangerous when a pair of customers became angry over their orders, authorities said.Police responded to a reported robbery at a Chipotle in downtown Columbus on March 28, Central Ohio Crime Stoppers said in a news release.The suspects demanded more cheese and started harassing employees, cornering one worker and…

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Amit Jain, the former head of Uber’s Asia Pacific division, revealed his new venture, Zamp Finance, on Monday that simplifies the process for businesses to invest their excess capital in US Treasury bills to hedge against bank failures and other uncertainties. Zamp offers a treasury management platform that enables businesses worldwide to invest surplus cash…

China’s central bank calls for stronger defences against financial crisis

China’s central bank calls for stronger defences against financial crisis

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose…