JPMorgan to Buy Almost $2 Billion of Mortgages in PacWest Deal
JPMorgan Chase & Co. will buy almost $2 billion worth of mortgages to facilitate Banc of California Inc.’s purchase of PacWest Bancorp.
Bloomberg Business
New York Republican Williams Will Miss House Votes After Heart Surgery
New York Republican Brandon Williams is experiencing an unspecified complication from recent heart bypass surgery and will miss the remainder of US House votes this week, his office announced Wednesday.
Bill Gross Selling Regional Bank Holdings After Making ‘Mucho Bucks’
Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western Alliance Bancorp and PacWest Bancorp in the wake of the March banking crisis.
Private Equity Backers of Plan B Morning-After Pill Weigh $4 Billion Sale of Company
The private equity owners of Foundation Consumer Healthcare are exploring a potential sale of the company behind popular morning-after pill Plan B One-Step, according to people familiar with the matter.
Syphilis Emergency Looms in the US as Drugs Run Low
A shortage of penicillin to treat a skyrocketing number of syphilis cases is so dire that US health officials are debating the need to declare a public health emergency, according to people familiar with the matter.
So-Called Cornerstone Investors Provide a Boost to This Year’s Top IPOs
Getting early support from investors is proving a linchpin for several of this year’s top performing US initial public offerings as it helps bolster confidence across the Street.
Nigeria’s Naira Currency Seen Weakening in Face of Dollar Demand
The Nigerian naira could weaken to 850 per dollar by the end of the first half of 2024 due to balance-of-payment pressures and declining foreign-exchange reserves, South African lender Absa Group said in an investment note on Wednesday.
Enel First Half Beats Consensus as New CEO Eyes Efficiency
Enel SpA reported first-half earnings that beat analyst estimates, as the energy group benefited from a normalization of commodity markets.
Gap Names Mattel’s Richard Dickson as New Chief Executive Officer
Gap Inc. named Mattel Inc. Chief Operating Officer Richard Dickson as its next chief executive officer, ending a lengthy search process as the apparel retailer contends with sinking sales and a more conscientious consumer.
Billionaire Brothers, JPMorgan Refinance NYC Luxury Condo Tower
Billionaires David and Simon Reuben have bolstered their New York City property investments, helping to refinance debt on an ultra-luxury condo skyscraper on Manhattan’s Billionaires’ Row.
