The White House is considering promoting Federal Reserve Governor Philip Jefferson to vice chair and naming a Latino candidate to an open board slot in a shift from prior plans, according to people familiar with the matter.
The funding panic triggered by the shock collapse of Silicon Valley Bank and others in March may be subsiding, but the scramble for money by banks isn’t over.
Odeon Capital’s Dick Bove said JPMorgan Chase & Co.’s deal for failed lender First Republic Bank could prove to be the bank’s best acquisition in decades.
Target Corp.’s top leader took a $2.1 million hit to his compensation last year after a surge in inventory hammered the retailer’s profit.
Africa could suffer a permanent economic hit if tensions splinter the global economy into opposing trading blocs around the US and China, the International Monetary Fund said.
Morgan Stanley has hired Credit Suisse Group AG’s head of health-care investment banking for the Americas Ryan Bondroff, according to people with knowledge of the matter.
Senator Joe Manchin said he would push to repeal parts of the Inflation Reduction Act that he claims could raise the national debt.
As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out.
Musician Ed Sheeran told jurors he finds the claim that he stole from a classic Marvin Gaye song “really insulting” during court testimony that included the British recording artist singing, playing guitar and frequently sparring with a lawyer for the opposing side.
The financial world is increasingly warning of the pain to come for owners of office buildings.
