Luciana Lopez,
Luciana Lopez is a CNN journalist who covers business and economic news. She has reported on various topics including strikes, regulatory actions, and the automotive industry. Her work often involves analyzing financial data and interviewing industry experts to provide in-depth analysis of breaking news stories. In her articles, she demonstrates a deep understanding of the complexities of the business world and is able to convey this information in an accessible manner for readers.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
FDIC Appoints Fulton Bank as Receiver for Failed Republic First Bank: $667 Million Cost to Deposit Insurance Fund
Broke On: Friday, 26 April 2024The Pennsylvania Department of Banking and Securities has closed Philadelphia-based Republic First Bank, appointing the FDIC as receiver and selling its deposits and assets to Fulton Bank. With $6 billion in assets and $4 billion in deposits, this is the first bank failure in the US this year. Depositors are now Fulton Bank customers, with insured funds up to $250,000. The acquisition cost the DIF $667 million and has raised questions about potential collusion between regulators and Fulton Bank.