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WEEKLY NEWS | 10 APRIL 2023 | 193 


marketwatch egg design

CYS has hopped into the spirit of Easter and held an egg-citing Easter egg design competition!
In this competition, the staff was invited to create and submit their own egg designs. Typically, designs are created using a variety of materials such as paint, markers, stickers, or other decorative items, however

Feature News
Shell-abrate Easter with Your Egg Design Competition

our staff had let their imagination run free and used other types of materials like rolled up pieces of paper, cotton balls and sparkly diamonds! As a result, we received several eggs-tremely cute submissions such as Minions from the Despicable Me franchise, Elmo....

Economy News
JPM's Dimon: Let's avoid 'whack-a-mole' response to SVB banking crisis

JPMorgan Chase CEO Jamie Dimon told shareholders in his annual letter that it's unlikely that tighter regulations would have stopped the deposit run at Silicon Valley Bank, urging caution as federal officials consider how oversight of the industry should change in the wake of the second-largest bank failure in U.S. history.

         "It is extremely important that we avoid knee-jerk, whack-a-mole or politically motivated responses that often result in achieving the opposite of what people intended," he said. 

          Most of the risks now roiling the banking world, he said, were "hiding in plain sight," including the effect that rising interest rates would have on bonds banks hold as investments. The sudden flight of depositors from Silicon Valley Bank, including $42 billion in one day, was "an unknown ......

Money News
Credit Suisse shareholders re-elect chairman
Credit Suisse shareholders re-elect chairman

ZURICH, April 4 (Reuters) - Credit Suisse (CSGN.S) shareholders voted to re-elect Chairman Axel Lehmann at the company's annual general meeting in Zurich on Tuesday. Of the votes cast, 55.67% were in favour of keeping Lehmann chairman for the

remainder of the time until the Swiss bank is officially merged with rival UBS as part of a forced takeover orchestrated by Swiss authorities. Lehmann said earlier that five board members would not stand for re-election.


Philippines reaffirms commitment to rule of law vs corruption

Compliance News

MANILA, Philippines — The Philippines has reaffirmed its commitment to promote democracy and the rule of law in the fight against corruption. In a statement delivered before world leaders at the Indo-Pacific Regional Anti-Corruption Meeting of the Second Summit for Democracy in Seoul on Thursday, Foreign Affairs Undersecretary for civilian security and consular affairs Jesus Domingo highlighted......

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