First Republic Bank Bailout

First Republic Bank Bailout

First Republic Bank will be getting a $30 billion rescue package from other major banks, after two other major banks failed this week. First Republic Bank is based in San Francisco, and serves mostly venture capital-backed companies and tech startups. Before this...
Janet Yellen: Poised for Power

Janet Yellen: Poised for Power

Janet Yellen is on the verge of becoming the most economically powerful woman in the world; she has been nominated as the successor to Ben S. Bernake, the Federal Reserve chairman. President Obama nominated Yellen for the position, and if she is confirmed by the...