PRESS DIGEST-Wall Street Journal - March 13
March 13 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. regulators are auctioning Silicon Valley Bank as part of a broader effort to contain the fallout from its failure on Friday.
- U.S. regulators took control of Signature Bank on Sunday and announced emergency measures to ease fears depositors might pull their money from smaller lenders after the swift collapse late last week of Silicon Valley Bank.
- U.S. President Joe Biden moved to block future oil and gas leasing in the Arctic Ocean's federal waters, part of a sweeping plan to protect 16 million acres of land and water in Alaska
- Activist investor Carl Icahn is preparing a proxy fight at Illumina Inc arguing the biotechnology company cost its shareholders roughly $50 billion by plowing ahead with a risky acquisition despite opposition from regulators.
(Compiled by Bengaluru newsroom)
