Gold Reaches New Highs, Nearly Touching 2,400 USD per Ounce
In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark
Three regional banks failed Friday, bringing the 2009 tally to 72, CNN reported, citing the Federal Deposit Insurance Corporation said.
Two Florida banks - First State Bank, of Sarasota, and Community National Bank of Sarasota County, in Venice, - and one Oregon bank -- Community First Bank, of Prineville - closed Friday.
St. Cloud, Minn.-based Stearns Bank, N.A., will assume control of the assets of both Florida banks, and Home Federal Bank, of Nampa, Idaho will assume the assets of the Oregon bank,the FDIC said.
The failure of First State Bank - which as of May 31 held assets worth USD 463 M and total deposits of USD 387 M- will cost the Deposit Insurance Fund an estimated USD116 M, according to the FDIC.
Community National had total assets of USD 97 M and total deposits of approximately USD 93 M as of June 30 , and its closure will cost USD 24 M, the FDIC said.
Community First Bank had total assets of USD 209 M and total deposits of approximately USD182 M. In addition to assuming all of the deposits of the failed bank, Home Federal Bank agreed to purchase approximately USD 197 M of assets, the FDIC said.
The FDIC estimates that this closure will cost the Deposit Insurance Fund USD 45 M.
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The United States House of Representatives has approved a comprehensive legislative package worth 95 billion USD, earmarking funds for Ukraine, Israel, and the Indo-Pacific region
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
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