Bloomberg Business

Charlie Javice in Talks With US Over Alleged JPMorgan Fraud

Frank founder Charlie Javice is in talks with prosecutors to resolve charges she defrauded JPMorgan Chase & Co. in its $175 million acquisition of the college financial-planning site, according to court records.

Senators Unveil Taiwan Tax Plan to Spur Semiconductor Investment

A bipartisan group of US senators introduced legislation that would allow President Joe Biden to sign a tax agreement with Taiwan, addressing an issue that businesses on both sides have pointed to as a barrier for further investment.

Real Estate Stocks Rescue Traders Fleeing Bank Risks

Real estate stocks were the hot defensive play for investors on Thursday as regional banks continued their selloff a day after the Federal Reserve hinted at a potential pause in its interest rate-hike campaign.

Regional Banks Extend Rout as PacWest, Western Alliance Sink

PacWest Bancorp, First Horizon Corp. and Western Alliance Bancorp led a renewed slide in the shares of US regional lenders, adding to concern for a sector that’s been rattled in recent months by the collapse of multiple firms.

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