off-the-wire

PRESS DIGEST- New York Times business news - March 14

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.


- U.S. President Joe Biden on Monday sought to head off any crisis of confidence following the failure of two major banks in recent days, insisting that Americans can have faith in the system even as he emphasized that the rescue does not constitute a taxpayer bailout.


- A California appeals court said on Monday that Proposition 22, the ballot measure passed by state voters in 2020 that classified Uber and Lyft drivers as independent contractors rather than as employees, should remain state law.


- Silicon Valley Bank's British subsidiary will be acquired by the banking giant HSBC , the Bank of England announced on Monday as it emphasized the stability of the nation's banking system.
(Compiled by Bengaluru newsroom)

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