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Sixty35 Media returning to Colorado Springs Independent

(COLORADO SPRINGS) Sixty35 Media, formerly the Colorado Springs Independent, announced on Thursday, March 23 that it would once again rebrand back to the Colorado Springs Independent following the layoff of half its staff a week prior. Sixty35 said its Board of Directors recently discovered $300,000 in unaccounted for debt that carried over during its […] ....

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Spring cleaning

City Manager Erin Herbig presents a plan to streamline the City Council s committee structure to gain efficiency and harness community enthusiasm. ....

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CNN CNN Newsroom With Jim Acosta June 4, 2024 22:02:00

Joining us is cnn economics and political commentator catherine, first i want to go cnn anna stewart. put this in perspective, how big of an announcement is this. this was for the time one of the biggest banks in the world and definitely a major bank in europe. being in the midst of a huge set of restructure the last couple of years, it was already under pressure and you ve seen the pressures on the banking sector with silicon valley bank, you can say it was a weak link started to debuckle last week, we saw it tank wednesday, swiss central bank to try and support it in terms of liquidity and largely confident, it didn t work. what we re seeing is ubs the rival bank in switzerland do a huge take over essentially paying just over 3 billion dollars worth, sounds like a lot. it s taking credit suisse at 6% ....

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CNN CNN Newsroom Live June 4, 2024 07:45:00

Piled on the pressure, and so credit suisse, already a weak link, started to buckle. on wednesday, the chairman of its biggest shareholder said it wouldn t be increasing its stake. he said that would push it above a regulatory threshold and argued the bank didn t need it. other investors didn t appear to agree. that day credit suisse shares tanked, trading down 30% at one point. after the market closed, switzerland central bank said it could extend a line of liquidity if needed, and credit suisse quickly agreed, accepting a loan of up to $53.7 billion. a relief rally followed thursday, but the rally lost luster as the day wore on, and on friday it went in reverse. credit suisse has closed the week down 26% despite the massive injection of money. it s already in the midst of a restructure, but investors and clients are impatient. and if that continues, well, the bank may be forced to sell more of its units or be taken over ....

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CNN CNN Newsroom Live June 4, 2024 06:51:00

Massive injection of money. it s already in the midst of a restructure, but investors and clients are impatient. and if that continues, well, the bank may be forced to sell more of its units or be taken over altogether by a rival. the markets have closed for the weekend but talks about credit suisse s future are likely under way. and the market open on monday could see more share price volatility for this embattled bank. anna stewart, cnn, london. hunter biden has filed a lawsuit against the commuter repairman who he accuses of invading his privacy and wrongfully sharing his personal data. the lawsuit alleges the repairman was opposed to joe biden s presidential bid and the laptop s data was given to, quote, political enemies to help the re-election of then president donald trump. meanwhile, the biden family remains in the crosshairs of the republican-controlled house oversight committee, in part because of the contents of hunter biden s laptop. ....

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