The early 2023 bank crisis was a major financial event that affected banks around the world. The crisis was caused by a number of factors, including the collapse of the cryptocurrency market, the ...
NEW YORK - North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sendin...
UBS Group AG agreed to take over its longtime rival Credit Suisse Group AG more than $3 billion, pushed into the biggest banking deal in years by regulators eager to halt a dangerous decline in co...
The London Metal Exchange has found bags full of stones at one of its warehouses instead of the nickel they were supposed to contain in the latest drama to hit the scandal-stricken metals market.
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Financial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity, the central bank reported Thurs...
WSJ: Tiger Global marked down the value of its investments in private companies by about 33% across its venture-capital funds in 2022, according to people familiar with the firm.
The markdowns ...
WSJ: The biggest banks in the U.S. swooped in to rescue First Republic Bank FRC 9.98%increase; green up pointing triangle
with a flood of cash totaling $30 billion, in an effort to stop a sprea...
Investing.com -- Embattled Swiss lender Credit Suisse Group AG (SIX:CSGN) (NYSE:CS) said on early-Thursday that it will exercise an option to borrow up to 50 billion Swiss francs ($53.68 billion) ...
WASHINGTON — A Russian fighter jet downed a U.S. drone operating over the Black Sea on Tuesday, U.S. European Command said in a statement.
“Our MQ-9 aircraft was conducting routine operations in in...
Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation.
“The system is breaking down, and we absolutely have a majo...