Biden’s latest challenge: Trying to mai ntain confidence in U.S. banking system

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March 14, 2023

Cleveland Business News

Biden’s latest challenge: Trying to maintain confidence in U.S. banking system

Now there’s a banking crisis on his watch as president, and Biden is moving aggressively to assure the public that it is contained, bank executives will be fired, deposits are safe and taxpayers aren’t on the hook.

By Associated Press

Scammers posing as railroad, government officials going door-to-door in East Palestine, Gov. Mike DeWine warns

The state has received reports of people knocking on doors in East Palestine, impersonating personnel from the federal Centers for Disease Control and Prevention and Norfolk Southern railroad.

By Laura Hancock, cleveland.com

Courts And Justice

Justice Department accuses Rite Aid of fueling opioid epidemic by ignoring red flags, illegally filling thousands of prescriptions

The U.S. Department of Justice on Monday accused Rite Aid of filling hundreds of thousands of dubious opioid prescriptions, helping fuel the deadly epidemic.

By Adam Ferrise, cleveland.com

Hruby Conservatory listed for sale in Cleveland’s Slavic Village

A 106-year-old music conservatory built by the Hruby Family is up for sale in Cleveland’s Slavic Village neighborhood.

3 Ohio billionaires combined to add $1.7B to their wealth in 2022; see Forbes list of richest Ohioans

Forbes lists seven billionaires for Ohio.

By Zachary Smith, cleveland.com

KeyBank, Huntington stock prices fall sharply, PNC’s less so during banking industry’s bad day on Wall Street

In the wake of the Silicon Valley Bank and Signature Bank collapsing, banks and financial companies across the country and in Ohio saw their share prices drop on Monday.

By Sean McDonnell, cleveland.com

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