Bloomberg Business

The pace of US onshore wind-farm installations tumbled last year, in a sign that the industry’s struggles aren’t limited to the fledgling offshore sector.

Moelis & Co. hired Jason Auerbach, global co-head of investment banking at SVB Securities, according to people with knowledge of the matter.

The Federal Deposit Insurance Corp. has launched investigations into managers’ conduct in the Silicon Valley Bank and Signature Bank failures.

Alarmed by an even faster than expected slide in the number of babies born last year, Prime Minister Fumio Kishida is preparing a policy package he says is a last chance to keep society functioning.

Senate Republicans are attempting to overturn President Joe Biden’s student loan forgiveness program by deploying a procedural tactic that allows them to avert a filibuster and pass it by a simple majority.

With his deal to buy the assets of Silicon Valley Bank, Frank B. Holding Jr. has now scooped up at least a dozen failed banks since 2008.

Doubleline Capital’s Jeffrey Gundlach said on CNBC that he expects a US recession will start in a few months, and that the Federal Reserve will need to respond “very dramatically.”

Gains in financial shares lifted US stocks, while Treasuries retreated as fears of broader contagion from the banking turmoil eased. Tech shares slumped after last week’s rally.

Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided.