Senator Elizabeth Warren is pressing former First Republic Bank chief executive officer Michael Roffler for information on executives’ compensation and their lobbying for more lenient banking regulations in the wake of the bank’s failure earlier this week.
The Danish central bank raised its benchmark interest rate, mirroring a hike from the European Central Bank earlier in the day, to protect the krone’s peg to the euro.
Marriott International Inc. plans to tap the debt markets again this year to raise funding for upcoming maturities, Chief Financial Officer Leeny Oberg said.
FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.
Before SVB Financial Group bondholders can collect the billions they are owed, the bankrupt company may have to file a claim with the Federal Deposit Insurance Corp. to recover $2 billion worth of deposits trapped by the receivership of Silicon Valley Bank.
During the pandemic, Wall Street banks and private equity firms invested billions of dollars in startups rolling up popular brands sold on Amazon.com Inc. The bet was that these upstarts, fueled by an online sales boom, would become the next consumer product conglomerates — like Procter & Gamble or Unilever.
Billionaire tech investor Peter Thiel said he’s reluctant to move his operations to Florida from Silicon Valley because housing prices have soared.
Shopify Inc. is cutting jobs for the second time in 10 months and selling the majority of its logistics business to Flexport Inc. to focus on its core e-commerce platform business.
Policymakers held the benchmark Selic steady again despite Lula pushing for looser monetary policy to boost growth
Peloton Interactive Inc. shares plunged the most in seven months after the fitness company said the current quarter to be “among our most challenging” from a growth standpoint and a patent settlement will weigh on cash flow.
