Bloomberg Business

Austrian Airlines Grounds 100 Flights Amid Wage Battle

Austrian Airlines canceled more than 100 flights on Tuesday because on-board personnel gathered to deliberate the latest wage offer, adding to disruptions sweeping the European aviation industry in the run-up to the busy Easter travel season.

FDIC Added Sweeteners to Deals to Offload SVB, Signature

The Federal Deposit Insurance Corp. stuck to its guns and didn’t offer bailouts to keep two lenders from collapsing. Instead, it struck deals that included millions of dollars of sweeteners for the acquiring banks that sent their stocks soaring.

BOE Distracted From Crisis by Climate Goal, Two Ex-Officials Say

The Bank of England was distracted from its main mission of taming inflation by additional objectives and risks damaging its credibility by working on climate-related goals, according to two of the central bank’s former senior staff.

Brazilian Billionaire Says ‘Any Intern’ Would Have Seen SVB Risk

Billionaire Andre Esteves, the co-founder and chairman of Brazil’s Banco BTG Pactual SA, said that “any junior analyst” from Latin America would have known how to manage the interest rate risk on Silicon Valley Bank’s balance sheet to avoid its collapse.

Substack Turns to Its Newsletter Writers for Funding

Substack Inc., the online host of writers like Kareem Abdul-Jabbar and Matt Taibbi, is inviting contributors to become investors as the newsletter publisher looks to continue its growth in a tough market for fundraising.

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