Uninsured deposits are risky for both banks and their customers.
That was never more apparent than last spring when Silicon Valley Bank (SVB) failed after depositors pulled $42 billion over a few hours. That day – March 10, 2023 – prompted many companies nationwide to question whether their bank deposits were safe.
“Up to that point, we didn’t pay much attention” to deposit insurance, recalled John Clark, the president and CEO of Masterclock, a global manufacturer of accurate time and…
St. Louis officials are pursuing eminent domain for the long-vacant Millennium Hotel downtown because of “numerous developers” who have reached out to develop it as prime real estate, a city official said Tuesday.
The leader of a St. Louis hotel operator indicated Tuesday that a $125 million Downtown West project could be dead after city legislators rejected a subsidy package for it.
State Sen. Mary Elizabeth Coleman has abandoned her run for the U.S. House of Representatives and instead filed to join the crowded GOP primary for Missouri secretary of state.
Coleman, an attorney and first-term Republican from Arnold, said in announcing her candidacy that there is “no more important job than protecting the integrity of our elections and our founding documents.”
Her announcement comes hours after House Speaker Dean Plocher announced that he, too, was pivoting to the secretary…
The Rwanda government official met Monday with St. Louis Mayor Tishaura Jones and on a conference call, she and Mayor Samuel Dusengiyumva of Kigali, Rwanda, expressed their “mutual interest” to establish a sister-city relationship.
A number of St. Louis-area municipalities, school districts and fire districts have bond issues and ballot measures that could fund major construction projects on the ballot for Missouri’s April 2 election, along with new sales taxes on marijuana sales. Here’s a rundown of many of the proposals.
Missouri House Speaker Dean Plocher, fending off an ethics investigation into allegations of misconduct, announced Tuesday he will drop out of the lieutenant governor’s race and instead seek the GOP nomination for secretary of state.
The announcement comes on the final day candidates can file to run for the August primary. And it also comes the same day as the House Ethics Committee will hold its fifth hearing of the legislative session in its ongoing investigation of Plocher, a Des Peres…
St. Louis County Executive Sam Page is asking the County Council to appropriate $1.25 million for real estate broker services, in a bid to move county offices.
Nestlé Purina Petcare Co. has finished construction on the exterior shell of its new 10-story, 1.3 million-square-foot plant in the Cincinnati area. Here's when the factory is slated to open.
A historic church in north St. Louis is set to be demolished after it was engulfed by a three-alarm fire last week, the third fire to happen at the vacant building since 2022.
The St. Louis Fire Department responded last Monday to a fire at the former St. Augustine Roman Catholic Church, located at 3114 Lismore St. in the St. Louis Place neighborhood. Flames reached as high as the tip of the 250-foot steeple.
The building was designated as a St. Louis City Landmark and was listed on the National…
A longtime GOP Congressional staffer and leader of an abandoned campaign to legalize abortion is now running for Missouri secretary of state.
Jamie Corley, a Republican from University City, officially filed to run in the GOP primary on Monday. This is her first time running for public office.
“There is more to me than abortion, actually,” Corley said after making headlines for the past year for her campaign to legalize the procedure up to 12 weeks and add exceptions for victims of rape and…
Missouri Central School Bus said it's ending its contract with the Saint Louis Public Schools on June 30, resulting in the closure of two St. Louis-area locations and lay off of hundreds of workers.
Employees at BeLeaf Medical’s Sinse Cannabis site in St. Louis moved a step closer to unionizing earlier this month, when their employer’s efforts to block union election votes from being counted were rebuffed by a federal labor official.
Since September, BeLeaf leaders have argued before the National Labor Relations Board that the employees weren’t eligible to unionize because they were agricultural workers – who are not protected under federal labor law.
On Jan. 25, National Labor Relations…
The law firm said the new partner has focused his practice on representing broker-dealers, registered investment advisers and individual investment professionals in a wide array of litigation and regulatory matters throughout the nation.