PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.

Bargain hunters, deal-lovers, and anyone building out their fall wardrobe — come and get first dibs on discounted fashion, accessories, and beauty during Macy’s VIP Sale. The 11-day sale, which starts now, features major savings as well as an extra 30% off already-discounted items across women’s clothing, handbags, shoes, and jewelry with code VIP at checkout. You’ll find an avalanche of deals on standout products, from name brands like Vince Camuto, Burberry, Michael Kors, and Levi’s.

Bernhard Langer has been able to avoid most of the trouble at SentryWorld in the U.S. Senior Open

Ukrainian president Volodymyr Zelensky called on Canada to “stay with” his country in its war against Russia, in his first visit to the country since the start of the invasion. The Ukrainian president arrived in Canada’s capital Ottawa late on Thursday night and addressed the parliament on Friday where he sought to bolster support from Western allies for Ukraine’s war. “Moscow must lose once and for all. And it will lose,” Mr Zelensky said during his address on Friday. He repeatedly thanked Canadians for financial support and for making Ukrainians fleeing war feel at home in Canada, prompting a number of standing ovations from dignitaries and parliamentarians. Mr Zelensky said Canada has always been on the “bright side of history” in fighting previous wars and said it has helped saved thousands of lives in this war with its aid to Kyiv. Canada is home to about 1.4 million people of Ukrainian descent, close to 4 per cent of the population. More than 175,000 Ukrainians have come to Canada since the war started and an additional 700,000 have received approval to come as part of an initiative that supports temporary relocation of those fleeing the war. The initiative allows for an open work permit for three years with pathways to permanent residency and citizenship. In his speech Mr Zelensky linked the suffering of Ukrainians now to the 1930s genocide caused by Stalin, when the Soviet leader was blamed for creating a man-made famine in Ukraine believed to have killed more than 3 million people. He also noted that it was in Edmonton, Canada, where the world’s first monument was erected in 1993 to commemorate the Ukrainian Famine-Genocide. The Ukrainian president expressed hope that a monument would one day be raised in Canada to Ukraine’s victory over Russia’s invasion, “maybe in Edmonton.” “I have a lot of warm words and thanks from Ukraine to you,” Mr Zelensky said in prime minister Justin Trudeau’s office before his speech. “You have helped us on the battlefield, financially and with humanitarian aid. ... Stay with us to our victory.” It is Mr Zelensky’s first visit to Canada since Russia invaded Ukraine in February 2022. He previously addressed the Canadian Parliament virtually after the war started. Mr Trudeau called the visit an opportunity to show Mr Zelensky “how strongly and unequivocally we stand with Ukraine” and announced an additional $650m Canadian (£394m) over three years for 50 armored vehicles that will be built in Canada. “We are shifting our approach to provide multiyear assistance to ensure Ukraine has the predictable support it needs for long term support,” Mr Trudeau said at a news conference. Mr Zelensky and Mr Trudeau also attended a rally in Toronto with the local Ukrainian community late Friday. The visit comes as cracks begin to appear in the united Western front backing Ukraine for the last 19 months of gruelling war against Russia with hard-right Republicans led by Donald Trump becoming increasingly hostile to sending more aid and key partner Poland saying it will no longer send arms to Kyiv. Ukrainian troops are struggling to take back territory that Russia gained over the past year and with no end to war in sight, Mr Zelensky has a hard road ahead to keep the momentum in favour of Kyiv going, a task for which allies like Canada play a key role. Additional reporting by agencies Read More Ukraine-Russia war - live: Putin’s Black Sea navy HQ hit in missile strike as Kyiv breaches frontline defences Cracks in Western wall of support for Ukraine emerge as Eastern Europe and US head toward elections Biden has told Zelensky US will give Ukraine coveted ATACMS long-range missiles, report says Zelensky makes passionate plea to US lawmakers on key Washington visit

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Tesla’s “Master of Coin” has stepped down after working at the Elon Musk-owned electric vehicle company for over 13 years. Zachary Kirkhorn became Tesla’s chief financial officer four and a half years ago in 2019, and was reportedly a potential successor to Mr Musk in running the EV company. The Tesla boss had dubbed him “Master of Coin” in 2021 – a reference to a title in hit TV series Game of Thrones. “During his tenure, Tesla has seen tremendous expansion and growth. Tesla thanks Mr Kirkhorn for his significant contributions,” Tesla noted in an SEC filing. Tesla’s current chief accounting officer, Vaibhav Taneja, will succeed Mr Kirkhorn, the electric automaker said on Monday. “This morning Tesla announced that I’ve stepped down from my role as Chief Financial Officer, succeeded by our Chief Accounting Officer, Vaibhav Taneja,” Mr Kirkhorn posted on his LinkedIn profile. “Being a part of this company is a special experience and I’m extremely proud of the work we’ve done together since I joined over 13 years ago,” he said. Mr Taneja previously worked as Tesla’s chief accounting officer up to March 2019, prior to which he worked as corporate controller from May 2018. It remains unclear what led to Mr Kirkhorn’s surprise decision to quit his role as Tesla’s CFO. Tesla recently announced its second quarter earnings, reporting a 20 per cent increase from the same quarter last year, better than what analysts estimated. Mr Kirkhorn’s departure also comes ahead of Tesla’s much-anticipated launch of its Cybertruck later this year. “As I shift my responsibilities to support this transition, I want to thank the talented, passionate, and hard-working employees at Tesla, who have accomplished things many thought not possible,” he said. Tesla shares dropped by about 3.5 per cent on Monday following the news, and continued to fall as the market opened. Mr Kirkhorn is expected to stay on till the end of 2023 to assist his successor with the transition. “I would like to thank Zach Kirkhorn for his many contributions to Tesla over the course of 13 often difficult years,” Mr Musk tweeted. Read More ‘It’s the factories that won’t be built’: Understanding the Brexit damage to economy Mark Zuckerberg’s wife not happy as he puts UFC octagon in garden ahead of Elon Musk fight Elon Musk ‘stopped Ukraine military using Starlink for military operation’ Zuckerberg says he is ‘ready today’ but ‘not holding breath’ for cage fight with Musk Musk pledges to fund legal bills of X users ‘unfairly treated’ by employers for posts Mark Zuckerberg reveals his 4,000 calorie diet and large McDonald’s order