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First Republic up in air as regulators juggle bank’s fate

Published Mon, 23 Dec 2024 19:59:29 GMT

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday. San Francisco-based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors have grown increasingly worried that the bank may not survive as an independent entity for much longer. The bank’s stock closed at $3.51 on Friday, a fraction of the roughly $170 a share it traded for a year ago.Gary Cohn, a former Goldman Sachs president who served as President Donald Trump’s top economic adviser, told CBS News’ “Face the Nation” on Sunday that the Federal Deposit Insurance Corporation “would prefer to sell the bank in its entirety than in pieces.” “What will most likely happen is the FDIC will seize control and then simultaneously resell the asset to the successful bidder,” Cohn said. Cohn said he believed it will be a “much faster process” than what happened with Sil...

Teen fatally shot in the chest on Chicago's South Side

Published Mon, 23 Dec 2024 19:59:29 GMT

CHICAGO — A teen is dead after he was shot in the chest Sunday morning on the South Side of Chicago, according to police.The boy, between the ages of 15 and 16, was found shot in the chest around 9:15 a.m. in the 3700 block of South Michigan Avenue in the city's Douglass neighborhood, according to the Chicago Police Department. Dismembered human remains found in Kankakee County; 1 charged with murder He was taken to Comer Children's Hospital in serious condition and later died.Police said they were originally called to the area to investigate the report of shots fired when they found the boy. Joliet police officer stabbed during welfare check call Frank Banks, who lives in the area, points out how scenes like this, involving teens, are becoming far too common."They need to start holding the parents responsible for their kid's actions," Banks said.No one has been arrested yet.The incident is still under investigation by Area One detectives.Anyone with information should contact t...

Chicago man charged with allegedly selling undercover ATF agents guns, machine gun switches

Published Mon, 23 Dec 2024 19:59:29 GMT

CHICAGO — A Chicago man was indicted after federal prosecutors said he sold guns and machine gun conversion devices, known as switches, to undercover ATF agents.According to federal prosecutors, Rogelio Castaneda, 29, allegedly sold four firearms and nine switches to undercover ATF agents four times. Chicago area law enforcement sees rise in machine gun conversion device recoveries Castaneda was indicted by a federal grand jury with firearms trafficking and sale of machine gun conversion devices.The indictment stems from an investigation by the Chicago firearms trafficking strike force, a collaboration between the Department of Justice, ATF and local, state and federal law enforcement agencies.If convicted, Castaneda faces up to 15 years in federal prison: five years for the trafficking charge and 10 years for the machine gun charge, according to the DOJ.

City College student athlete has big D1 decision to make

Published Mon, 23 Dec 2024 19:59:29 GMT

CHICAGO — A City College student from Englewood is on the verge of achieving one of his biggest goals and has a big decision to make.Josiah Hammons said playing basketball brings him peace. Teen, 15, fatally shot in the chest on Chicago’s South Side "As I played, as I got better, I was like I just want to make it to the NBA, step-by-step, go to high school, play high-level basketball, go to college, play high-level basketball," Hammons said.He went to Curie High School but his senior year, during the pandemic, was challenging. "As soon as everything close down, showcases shut down that I could have joined so I turned to Twitter to post my thoughts," Hammons said. Nanotechnology scout program to return after 3-year hiatus He spent two years at a community college in Michigan before coming back home with a full basketball scholarship to Truman College, one of the City Colleges of Chicago."It was really good, I liked going to class, having access to everything I would like in a sc...

2-year-old daughter of NFL linebacker drowns after falling into pool, police say

Published Mon, 23 Dec 2024 19:59:29 GMT

TAMPA, Fla. (WFLA) – The youngest daughter of Tampa Bay Buccaneers linebacker Shaquil Barrett drowned after falling into a pool in Tampa Sunday morning, authorities confirmed. According to the Tampa Police Department, the incident occurred around 9:30 a.m. at a home in the Beach Park area. Police said Barrett's daughter, 2-year-old Arrayah, was transported to a nearby hospital. The police department said that despite emergency efforts, Arrayah died a short time later. USF football player arrested for domestic violence, allegedly strangled victim, deputies say While police said this is an ongoing investigation, the incident is "not believed to be suspicious in nature at this time, but a purely accidental and tragic incident."Following the tragic news, the Tampa Bay Buccaneers released a statement on Twitter offering their condolences to Barrett's family."Today’s tragic news is heartbreaking for all members of the Buccaneers family. Our thoughts and prayers are with Shaq, Jordanna ...

You can still use expired Bed Bath & Beyond coupons: Here's where

Published Mon, 23 Dec 2024 19:59:29 GMT

(WJW) — After Bed Bath & Beyond filed for bankruptcy many were left wondering what to do with their remaining Big Blue coupons. Now that the retailer has stopped accepting those coupons, some of the chain's competitors are stepping in to honor the discount. Bed Bath & Beyond officially stopped accepting the Big Blue coupons on April 26 in order to deeply discount items for closing sales. A day later, Big Lots announced it will honor the now-expired Bed Bath & Beyond coupons through May 7, 2023. Shoppers can turn in an expired Bed Bath & Beyond coupon at any Big Lots store and receive 20% off their entire purchase of $50 or more. Fired Big Lots manager says she was just trying to get shopping cart back from shoplifter "At Big Lots, our mission is to help people live big and save lots, which means we're always thinking of ways to step up and deliver even more value to consumers," said Bruce Thorn, president & CEO of Big Lots in the press release. "For anyone who ...

'Zero leads': Reward offered in search for Texas mass shooting suspect

Published Mon, 23 Dec 2024 19:59:29 GMT

CLEVELAND, Texas (AP) — A widening manhunt for a Texas gunman who killed five neighbors continued turning up nothing Sunday as officers knocked on doors, the governor put up $50,000 in reward money and the FBI acknowledged they had “zero leads” after nearly two days of searching.“What we need from the public is any type of information, because right now we’re just we’re running into dead ends,” James Smith, the FBI's special agent in charge, said during an afternoon news conference. “I can tell you right now, we have zero leads.”The search for the suspect has grown in scale since the Friday shooting, with more than 200 police from multiple jurisdictions searching for Francisco Oropeza, many going door to door, looking for the 38-year-old suspect and asking for tips. Local officials and the FBI also chipped in reward money, bringing the total to $80,000 for any information about Oropeza's whereabouts.Oropeza is considered armed and dangerous after fleeing the area Friday night, likel...

C.J. Cron, Rockies bust slumps in 12-4 rout of Diamondbacks

Published Mon, 23 Dec 2024 19:59:29 GMT

The slumbering Rockies finally emerged from hibernation Sunday afternoon and they did so with a roar.Led by a big day from heretofore slumping first baseman C.J. Cron, the Rockies pounded out 16 hits in their 12-4 victory over Arizona at Coors Field. Colorado snapped an ugly seven-game home losing streak in which it had been outscored 69-24.Lefty Austin Gomber pitched in with six solid innings, allowing one run on just three hits. The only blemish on Gomber’s day was a 463-foot solo home run by Evan Longoria in the second inning that gave the Diamondbacks a short-lived 1-0 lead.Cron hit 3 for 4 with four RBIs, finishing a triple short of the cycle. He led off the second with a double off right-hander Ryne Nelson and scored on Elias Diaz’s single. Cron hit a screaming, line-drive, three-run homer to left off Nelson in the third and added an RBI single off Peter Solomon in the sixth.Related ArticlesColorado Rockies | Rockies’ Noah Davis goes on injured lis...

Warriors-Lakers series preview: It’s LeBron vs. Steph for the fifth time

Published Mon, 23 Dec 2024 19:59:29 GMT

It’s the Bay versus LA, LeBron versus Steph and so, so much more.For the first time in 32 years, the Golden State Warriors will take on the Los Angeles Lakers in the NBA playoffs, starting on Tuesday night at Chase Center.Thanks to Stephen Curry setting an NBA Game 7 record with 50 points, the Warriors beat the Kings 120-100 to win their first-round series on Sunday afternoon. That sets up the matchup with the Lakers, who clinched their second-round spot by eviscerating the Grizzlies 125-85 in Game 6 on Friday night.It sets up the fifth postseason series between the Warriors and their dynastic trio of Curry, Klay Thompson and Draymond Green and LeBron James, who was their main foil with the Cleveland Cavaliers and now is a Lakers star.Related ArticlesGolden State Warriors | NBA playoffs: When will the Warriors-Lakers series start? In the previous four, which all occurred in the NBA Finals from 2015-2018, the Warriors won three times and the Cavs won once. After 2018,...

Pac-12 football: Breaking down the winners and losers from the NFL Draft

Published Mon, 23 Dec 2024 19:59:29 GMT

The Pac-12 had a meek start and modest finish to what was generally a forgettable NFL Draft in the penultimate year of its current existence.The conference produced fewer first-round picks and total selections than its Power Five peers.But the weak April suggests a strong September. The Pac-12 has the highest percentage of returning all-conference honorees among the power leagues.Of the 51 players named first- or second-team all-conference at the end of the 2022 season, 25 are set to return next season. No other league comes close, according to data provided by the Pac-12.Returning all-conference players (first- and second-team).Pac-12: 25 of 51 (49 percent)SEC: 21 of 55 (38.1 percent)ACC: 20 of 53 (37.7 percent)Big 12: 21 of 59 (35.6 percent)Big Ten: 18 of 52 (34.6 percent)(Note: All-conference players who transferred within that league were counted as returnees.)No school better reflects the divergent present and future than Washington, which failed to produce a draft pick for the...