Bloomberg Business

Large US banks may have to boost their capital by an average 20% and a broader swath of lenders would face strict requirements for setting aside money under a draft plan from US regulators to bolster the financial system.

Lawsuits against FTX’s financial backers and celebrity endorsers by customers of the failed cryptocurrency exchange were consolidated before a single federal judge in Florida.

As they stepped hand in hand from OPEC’s headquarters into the Vienna sun on Saturday, the group’s two Gulf heavyweights signaled that a long rift was over.

Two senior Republican lawmakers who want to keep European Union ESG measures from gaining traction in the US are asking the Biden administration for details on coordination efforts.

Companies are feeling the pinch from a sharp jump in interest payments after global rate hikes, with S&P Global Ratings estimating that junk-rated firms are paying the highest interest on debt since 2010.

A former minority owner of the National Football League’s Minnesota Vikings was ordered to serve more than six years behind bars, forfeit $740 million and pay $53 million in restitution after admitting he helped cryptocurrency exchanges avoid money-laundering rules.

JPMorgan Chase & Co. has hired Suraj Tolani as a managing director on its regional investment banking team focusing on middle-market, US health-care services companies.