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First Citizens acquires troubled Silicon Valley Bank

Published Tue, 25 Feb 2025 06:07:11 GMT

NEW YORK (AP) — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider banking crisis by guaranteeing that depositors in SVB and another failed U.S. bank would be able to access all of their money.Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said.European shares opened higher Monday, with German lender Commerzbank AG up 2.4% and BNP Paribas up 1.2%. Investors worry that other banks also may crumble under the pressure of higher interest rates. On Friday, much of the focus was on Deutsc...

Privacy fears stymie government surveyors as responses dive

Published Tue, 25 Feb 2025 06:07:11 GMT

ORLANDO, Fla. (AP) — Erik Paul didn’t mind answering government questions about where his software development business was located or how many employees it had. But when queries from the U.S. Census Bureau broached the company’s finances, the chief operating officer hesitated.“When you start asking financial questions, I get a little squirrelly,” said Paul, of Orlando, Florida, who recently responded online to the 2022 Economic Census.It’s a problem the Census Bureau and other federal agencies are facing as privacy concerns rise and online scams proliferate, lowering survey response rates in the past decade. The pandemic exacerbated the problem by disrupting in-person follow-up visits. Low response rates introduce bias because wealthier and more educated households are more likely to answer surveys, which impacts the accuracy of data that demographers, planners, businesses and government leaders rely on to allocate resources. Survey skepticism has grow...

Kenya police on alert before expected opposition protests

Published Tue, 25 Feb 2025 06:07:11 GMT

Nairobi, Kenya (AP) — Police in Kenya are on high alert ahead of a second round of anti-government protests organized by the opposition that have been declared illegal by the government.Police chief Japheth Koome insists that Monday’s protests are illegal but opposition leader Raila Odinga says Kenyans have a right to demonstrate.The opposition is protesting against the rising cost of living and calling for President William Ruto’s resignation saying he wasn’t validly elected in last year’s election.More than a dozen civil society groups have in a joint statement expressed concern over police declaring Monday’s protests illegal and urged authorities to uphold people’s constitutional right to peaceful demonstrations. Ruto over the weekend urged Odinga to face him directly and “stop terrorizing the country.”Odinga last week said the protests would be held twice a week, on Mondays and Thursdays.Odinga’s plan in last week’s protests was to march to the pres...

Police investigating pedestrian fatality on I-787

Published Tue, 25 Feb 2025 06:07:11 GMT

ALBANY, N.Y. (NEWS10) -- Police are investigating an auto/pedestrian crash that happened overnight Sunday into Monday on I-787. Police say one pedestrian died in the crash. Get the latest, news, weather, sports and community events delivered right to your inbox! All lanes were shut down as police investigated. Traffic at the time was diverted to the thruway at exit one on the southbound side. Stick with NEWS10 as more information about the crash becomes available.

GasBuddy: Albany prices continue to drop

Published Tue, 25 Feb 2025 06:07:11 GMT

ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have fallen 1.9 cents per gallon in the last week, averaging $3.44/g on Monday, March 27, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 4.1 cents per gallon lower than a month ago and stand 84.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.9 cents in the last week and stands at $4.19 per gallon. Get the latest, news, weather, sports and community events delivered right to your inbox! According to GasBuddy price reports, the cheapest station in Albany was priced at $3.05/g on Sunday while the most expensive was $3.69/g, a difference of 64.0 cents per gallon. The lowest price in the state on Sunday was $2.79/g while the highest was $4.19/g, a difference of $1.40/g.The national average price of gasoline has fallen 0.3 cents per gallon in the last week, averaging $3.40/g on Monday. The national average is up 7.8 cents per gallon from a month ago and ...

Patroons beat Montreal to win eighth straight game

Published Tue, 25 Feb 2025 06:07:11 GMT

ALBANY, N.Y. (NEWS10) -- The Albany Patroons are 2-0 this weekend after defeating the Montreal Tundra 95-81. Get the latest, news, weather, sports and community events delivered right to your inbox! Early on, the Patroon's offense was in sync, and a prime example of that was when Trey Wyche and Philip Flory hooked up on a fast break for two points that gave them a 15-6 lead. Montreal stayed poised and found some offense as the first quarter ended. Narcisse Kalamba scored on a three-point shot to make it a four-point game.Transitioning to the second quarter, the Tundra kept that momentum going thanks to Jamal Mohammed Mayali knocking down a corner three, giving Montreal a two-point lead. On the other end, Deon Lyle scored on a corner three of his own, and Albany took a four-point advantage.Montreal went into halftime with the lead, but the Patroons made some adjustments and executed in the second half to come out with the win.

Albany Academy falls in Federation final 55-51

Published Tue, 25 Feb 2025 06:07:11 GMT

GUILDERLAND, N.Y. (NEWS10) -- The Albany Academy for Boys came close but ran out of time in the Class A Federation tournament championship against Monsignor Farrell 55-51.The Lions led early, but the Cadets fought back thanks to Arthur Foster's shooting from three-point range. A big three from Foster tied the game at 19 in the second quarter, which also sparked more sharp shooting from Cyrus Matia, who knocked down a corner three that trimmed the Lion's lead by three at the half. Get the latest, news, weather, sports and community events delivered right to your inbox! Monsignor Farrell came out swinging in the second half. Timothy Manuelian sparked the offense knocking down a corner three to give the Lions a 38-30 lead. That momentum shifted to Edward Loughlin, who netted a triple from the same spot, which led to the Lions ending the third quarter with a seven-point lead.The Cadets mustered up another surge on offense thanks to Bobby Chandler, who scored off a layup to bring Alban...

UAlbany softball sweeps Umass Lowell in doubleheader

Published Tue, 25 Feb 2025 06:07:11 GMT

ALBANY, N.Y. (NEWS10) -- LOCATION: UAlbany Field - Albany, N.Y. Get the latest, news, weather, sports and community events delivered right to your inbox! RECORDS: UAlbany 9-8, 2-0 America East | UMass Lowell 9-14-1, 0-2 America EastSHORT STORY: After going to nine innings in the first game, the Great Danes earned a four-run victory to complete a doubleheader sweep over UMass Lowell, Sunday afternoon.GAME ONESCORE: UAlbany 7, UMass Lowell 6 (9 innings)KEY STATSSenior Morgan Petty led the Great Danes with three RBI while going 3-4 at the plate.Notching a hit in each one of her four at-bats, senior Caitlyn Mitros tallied one triple while adding a run and an RBI.Junior Jordan Nastos owned a team-high three runs and two doubles.Senior pitcher Wendi Hammond pitched for the complete-game win with five strikeouts.HOW IT HAPPENEDAfter earning three-straight outs in the field, the Great Danes grabbed a two-run lead in the first inning.Caitlyn Mitros grabbed the first sin...

French police clash with protesters opposed to reservoir plans

Published Tue, 25 Feb 2025 06:07:11 GMT

A police officer and a protester were both seriously injured in clashes that erupted during an unauthorised demonstration in opposition to the construction of a water reservoir in western France for farm irrigation.To repel protesters who were hurling fireworks and other projectiles while crossing fields to reach the Sainte-Soline construction site, police used tear gas. Television footage showed that at least three police cars were set on fire.Emmanuelle Dubee (prefect of the region) stated that at least 6,000 people had participated in the march. This defied a ban on protests at a site where a similar demonstration took place last October.Gerald Darmanin, Interior Minister, stated that one officer and one protestor were in critical condition. He added that their lives were not at risk.Darmanin said that seven protestors were hurt and that 24 officers were also injured. Darmanin blamed the violence on approximately 1,000 far-left activists. He said that disturbances had begun in ne...

Doing justice to history, a powerful call in Brussels for recognition of the 1971 Bangladesh genocide

Published Tue, 25 Feb 2025 06:07:11 GMT

In Bangladesh, March 25 is marked as Genocide Day, the anniversary of the start of the Pakistani army’s brutal campaign of suppression in 1971 that claimed some three million lives. There is now a powerful campaign for international recognition that the mass murders, rapes and torture were an act of genocide against the Bengali people. It took an important step forward in Brussels on this year’s anniversary, with a special event organised by the Bangladesh Embassy, writes Political Editor Nick Powell.The Bangladesh genocide was one of the worst such events in human history. The killings, rapes and other atrocities became widely known at the time, with widespread popular support around the world in 1971 for the struggle for freedom of the people of what was then East Pakistan. Yet, just as governments at the time were slow to recognise the democratic legitimacy of a free...