Business

(Reuters) — U.S. stocks dropped on Wednesday as turbulence at Credit Suisse renewed fears of a banking crisis, while data hinting at economic weakness kept alive hopes of a less aggressive monetary policy move by the Federal Reserve in March. U.S.-listed shares of Credit Suisse slid 24.3% to hit a …

SIMON Graf is the new general manager of Hyatt Regency Saipan. Originally from Berlin, Germany, Graf has been with the Hyatt for over 20 years now with stints in China, South Korea and Vietnam. Graf is experienced and knowledgeable in every hotel function related to operation. After graduating with…

(Reuters) — Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take action to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank and Signature Bank. Biden’s efforts to reassure markets and depositors came after emerge…

LONDON/SINGAPORE (Reuters) — Global banking shares plunged on Monday as moves by the United States to guarantee deposits at collapsed tech-focused lender Silicon Valley Bank failed to reassure investors that other banks remain financially sound. Europe’s STOXX banking index fell 5.8%, having …

ATKINS Kroll, joined by CNMI officials led by Gov. Arnold I. Palacios and Lt. Gov. David M. Apatang, broke ground Friday  on a $23 million Toyota Lexus showroom and service center on Middle Puerto Rico, Saipan. “We have been in the Northern Marianas for 55 years and we have ups and downs like any b…

(Reuters) — Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, w…

(Special Advertising Feature) — Hanmi Professional Services is excited to announce the launch of CNMITax.com, a new website that enables CNMI residents to prepare their personal income tax returns (1040CM) online for the first time. This marks a significant milestone in the region’s tax prepa…

WASHINGTON (Reuters) — The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair…

HONOLULU (BoH) — Bank of Hawai‘i is the highest ranked Hawai‘i company on Forbes’ list of “America’s Best Midsize Employers” at No. 70 among 500 U.S. companies. In the banking and financial services category, Bank of Hawai‘i is the 5th highest among 48. Forbes partnered with market research firm, S…