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OSFI ups domestic stability buffer for big banks by half a percentage point to 3.5%

Published Tue, 25 Feb 2025 19:43:59 GMT

OTTAWA — Canada’s financial regulator is raising the amount of capital the country’s major banks need to have on hand to cover potential losses.The Office of the Superintendent of Financial Institutions says the domestic stability buffer will increase by half a percentage point to 3.5 per cent, effective Nov. 1.It follows a move in December by the regulator to increase the buffer by half a percentage point to three per cent.The federal regulator says current vulnerabilities facing the banking industry include high household and corporate debt levels, the rising cost of debt and increased global uncertainty around fiscal and monetary policy,The domestic stability buffer applies to Canada’s six largest banks, known as domestic systemically important banks. It is reviewed and set every June and December, but can be changed at other times if needed. This report by The Canadian Press was first published June 20, 2023.The Canadian Press

3 teens among more than 60 shot across Chicago over holiday weekend

Published Tue, 25 Feb 2025 19:43:59 GMT

CHICAGO — Three teenagers are hospitalized after a shooting in the city's Garfield Park neighborhood.The incident comes after more than 60 shootings occurred across Chicago over the holiday weekend, with more than 10 people dying from their injuries.The latest shooting took place just before midnight Monday in the 3800 block of West Gladys.Police said three teens were on a front porch when someone in a dark-colored sedan fired shots towards them.A 17-year-old girl was shot in the right eye and is critical condition at Stroger Hospital. Another 17-year-old girl was transported in good condition to Stroger Hospital after being struck in the left leg and buttock. A 19-year-old boy was transported in good condition to Mount Sinai Hospital after being struck in the arm.The shooting is being investigated. No one is in custody. 5 shot, 2 fatally after shooting in Roseland, victim ID’d According to police, two other people were killed on Gladys Avenue over the weekend.In the Roseland neig...

Mike Tauchman enjoys his best game with Cubs in win over Pirates

Published Tue, 25 Feb 2025 19:43:59 GMT

PITTSBURGH — Once again, the native of Palatine has come through the Cubs in 2023, and this time at a position in which he has performed well.For Mike Tauchman, that's right at the top of the lineup, where he was on Monday.The Palatine native and former Fremd High School standout had a season-high three RBI along with three hits in the leadoff spot in an 8-0 win over the Pirates. Tauchman delivered all the runs the Cubs would need with a two-RBI single in the second inning to give the visitors the lead. He'd drive in another run on a single in the seventh and would actually bring home another in the eighth on a fielder's choice that ended with an error by the Pirates. That brought home one of three runs in the eighth in a decisive Cubs' victory that starts a five-game road trip.Drew Smyly's five shutout innings along with four more from the bullpen helped the Cubs improve their record to 34-38.Batting leadoff has worked well for Tauchman in his first two months with the Cubs as he's...

Judge sets Aug. 14 trial date for Trump documents case

Published Tue, 25 Feb 2025 19:43:59 GMT

A Florida judge has set an initial Aug. 14 trial date for former President Trump in the Justice Department’s (DOJ) case over his retention of classified documents.Judge Aileen Cannon set the preliminary trial date for roughly two months after Trump’s arraignment at her courtroom in Fort Pierce, Fla. The judge said in a Tuesday filing that all pre-trial motions must be filed by July 24.Trump and his team are expected to push to delay the trial through those motions, however, making it unlikely that the Aug. 14 date will hold.Trump pleaded not guilty last Tuesday to charges on 37 counts following a DOJ indictment alleging he violated both the Espionage Act and obstructed justice in taking classified records from his presidency and refusing to return them. He is also facing charges for concealing documents and misleading investigators.Special counsel Jack Smith has said Trump’s trial could be completed in as little as 21 days.But Trump — known for successfully delaying numerous prior c...

Dean's A-list Interview: Adrien Brody on 'Asteroid City'

Published Tue, 25 Feb 2025 19:43:59 GMT

CHICAGO — The newest Wes Anderson film includes an award-winning actor joining a number of big-name stars for a science fiction romantic comedy film.Adrien Brody, an Oscar-winning actor (The Pianist - 2002) is playing director Schubert Green in "Asteroid City," which was released in theatres last Friday. As the film continues its opening week, Dean Richards had the chance to speak to the actor about the project on "Dean's A-List Interview."You can watch the discussion with Brody from the June 20 WGN Morning News in the video above. Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Free summer meals for Chicago Public Schools students

Published Tue, 25 Feb 2025 19:43:59 GMT

CHICAGO — Chicago Public Schools (CPS) is launching its summer meals program Tuesday.Summer Meals and LunchStop will run at hundreds of school locations throughout CPS, including at all summer school programs, according to a press release from CPS. Meals will first be available June 20 at outdoor LunchStop locations with summer program site meals launching on June 26. Three teens among more than 60 shot across Chicago over weekend Students who participate in summer school programs, or who live in an area served by a summer program or LunchStop location, can receive the free meals. While no photo ID is required to receive a meal, children must be present and must eat what's provided onsite.Families can find a Summer Meals or LunchStop location near them on the District’s Summer Meal Finder.WGN plans to livestream the summer meals announcement within this story beginning at approximately 10 a.m.

2 men, 2 women killed in New York City e-bike shop fire: officials

Published Tue, 25 Feb 2025 19:43:59 GMT

NEW YORK (WPIX) -- Four people are dead and several injured after a fire broke out in a New York City bike shop early Tuesday, authorities said. The blaze began around 12:15 a.m. inside the bike repair store on Manhattan's Lower East Side, officials said. Within 30 minutes, the fire escalated to a third alarm as billows of smoke enveloped the six-story building."We found heavy fire in an e-bike store, which is located on the first floor. We made an interior attack and put that fire out. Unfortunately, we had heavy smoke conditions throughout the building," said FDNY Deputy Assistant Chief John Sarrocco. 3 women slashed by assailant within 20 minutes in NYC subway: police Two of the victims who died were men and two were women, according to officials. One of the men was 71 years old. Several other people were injured, including two women who were listed in critical condition, police said. First responders transported all of the victims to local hospitals.Dozens of charred...

Chicago Fire Department demonstrates the dangers of fireworks

Published Tue, 25 Feb 2025 19:43:59 GMT

CHICAGO — Fireworks and the 4th of July are synonymous, as are the dangers which come with combustion-based entertainment.Several fire-focused agencies, medical officials, and a parent of a fireworks injury survivor plan to gather Tuesday morning at University of Chicago Medicine Comer Children's Hospital to discuss "the dangerous risks and long-term consequences fireworks can pose to your loved ones, family pets and combat veterans (and other survivors of gun violence) who suffer from post-traumatic stress disorder," according to a press release. VIDEO: Minutes after reported Near West Side shooting, crowds twerk and taunt cops Fire officials are then expected to stage a live demonstration to "show how quickly fireworks can turn tragic."WGN plans to livestream the press conference and the live demonstration within this story beginning at approximately 9:30 a.m.Expected speakers include:Annette Nance-Holt, Chicago Fire CommissionerRyan Rivera, Chicago Fire Department Commanding Fi...

Crash on I-787 southbound cleared

Published Tue, 25 Feb 2025 19:43:59 GMT

ALBANY, N.Y. (NEWS10) -- A crash on I-787 southbound at Exit 7W; NY 378 westbound in Colonie that closed one of three left lanes has cleared. Check out NEWS10's traffic tracker. You can plan your route and see traffic delays in real-time!Traffic in the area has cleared and all three lanes are back open.

Board of Aldermen hearing on short-term rental regulations happening today

Published Tue, 25 Feb 2025 19:43:59 GMT

ST. LOUIS - Regulating short-term rentals is one way the St. Louis City plans to tackle crime.The discussion on short-term rentals comes after another weekend of violence in downtown St. Louis. The first bill would change the application and appeals processes. The second bill will impact how short-term rental properties are being used.The bills will go before the St. Louis board of alderman at Tuesday morning's transportation and commerce committee meeting. Short-term rental parties have been a big problem over the last year or so.Many city leaders say there needs to be more rules to prevent parties from turning violent. Aldmerman Joe Vollmer will be one of the board members supporting Bills 33 and 34. He says right now Airbnb operators have no regulations. There are no inspections, requirements of having carbon monoxide detectors, etc. He thinks there should be fees and regulations for people with short-term rental properties. What to know about Missouri's gun laws The two bills ...