Legislators have less than a week to approve the agreement before the default deadline next Monday, June 5.
About $46.7 billion poured into US money market funds in the week ended Wednesday as investors piled into assets offering relatively safer returns amid the uncertainty around talks on extending the US debt limit.
The bank offered full-time or transitional roles to almost 85% of the nearly 7,000 employees still working at First Republic when it collapsed, and told the rest they wouldn't get offers.
Shawn Edward Good pleaded guilty to stealing $7.2 million from retirees and used the money to pay off earlier investors and to fund a lavish lifestyle.
Those due to receive their Social Security benefits next week are retirees aged 88 and older, along with low-income individuals with disabilities.
The odds of passing the X-date without an increase in the debt is around 25% and rising, according to JPMorgan.
The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.
The world's second-largest reinsurer is now the fourth major company to walk away from the Net Zero Insurance Alliance.
The biggest US bank said the integration costs tied to the acquisition would total about $3.5 billion, about half of which will be borne this year.
Andy Saperstein, Ted Pick and Dan Simkowitz are thought to be executives in the running to succeed James Gorman, who says he will step down in the next 12 months.
