Last year’s SVB, Signatu re Bank failures are now costing Ohio banks hundr eds of million of dollars

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January 26, 2024

Cleveland Business News

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Last year’s SVB, Signature Bank failures are now costing Ohio banks hundreds of million of dollars

Ohio’s biggest banks are footing their part of the multi-billion-dollar bill after the failure of SVB and Signature Bank

By Sean McDonnell, cleveland.com

Business

McDonald’s spinoff CosMc’s jammed with customers, despite horrendous wait times

A market researcher estimates that CosMc's one location near Chicago drew about double the number of customers a typical McDonald's pulled in for December, even with a much smaller restaurant and drive-through service only.

By Robert Higgs, cleveland.com

News

Boycotting student loans: 1 in 10 borrowers refusing payments, report says

About one in 10 federal student loan borrowers are boycotting payments in an effort to pressure the federal government into student loan debt cancellation, according to a report from Intelligent.com.

By Zach Mentz, cleveland.com

Subscriber Exclusive

How close did Cleveland-Cliffs come to buying U.S. Steel? New documents offer clues

Documents released Wednesday detail the bidding war for U.S. Steel, naming Cleveland-Cliffs

By Sean McDonnell, cleveland.com

Us News

First new Forever Stamp released since postage rates increased; How to order Lunar New Year stamps

The U.S. Postal Service on Thursday released a new stamp, Lunar New Year, Year of the Dragon, its first new Forever Stamp since postage rates increased.

By Robert Higgs, cleveland.com

Real Estate News

St. Ignatius receives $10 million donation; set to begin construction of new academic building

Work is getting under way on a $30 million renovation at St. Ignatius High School in Cleveland

By Megan Sims, cleveland.com

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Last year’s SVB, Signatu re Bank failures are now costing Ohio banks hundr eds of million of dollars

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