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BBC reported that, JP Morgan Chase is set to take over the troubled US bank First Republic in a deal brokered by regulators. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic Bank had collapsed on Monday. Investment banking giant JP Morgan will take on all of the deposits and the […]
Millions of less affluent Sri Lankans working in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher posts in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said in Parliament on Tuesday (April 25).The post Sri Lanka workers in Middle East sending money, while more educated do not – Minister appeared...