KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s collapse.
President Joe Biden vowed to fight a ruling from a conservative judge in Texas that could block a widely used abortion drug, thrusting the issue of reproductive rights back into the spotlight ahead of the 2024 election.
Normal operations resumed at the Ports of Los Angeles and Long Beach, as dockworkers returned to container terminals for the Friday evening shift.
The FDA’s safety limits on the abortion pill will remain in place at least temporarily in 17 states and Washington, D.C., while a federal judge in Washington state considers a final decision on a Democratic state-led challenge to the restrictions.
A Los Angeles businessman was sentenced Friday to 40 years in prison for leading a conspiracy with a Utah polygamist family to defraud a US clean-fuels program of more than $1 billion.
Walmart Inc. asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp., saying the bank has failed to meet critical standards for customer care.
The most popular abortion method was pulled from the market
The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout.
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
Russia has formally charged detained Wall Street Journal correspondent Evan Gershkovich with espionage, an accusation the White House and newspaper denied again on Saturday.
