Bloomberg Business

Stocks Rally After Bank Rescue; Yields Jump: Markets Wrap

US stocks ended the day higher after a First Republic Bank rescue package was secured, sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the US central bank will also raise next week.

All the Obstacles Hong Kong Faces to Regain Its Former Hub Glory

For the first time since protests began in June 2019, Hong Kong has returned to a state resembling business as usual, with residents no longer facing transport shutdowns, quarantine, social distancing restrictions or a mask mandate.

SVB Collapse Turns Banker Island Retreat Into Lobbying Blitz

The collapse of Silicon Valley Bank and Signature Bank and the ensuing news that US regulators were jacking up lenders’ fees for deposit insurance quickly transformed the Hilton Hawaiian Village this week into ground zero for a lobbying blitz by community lenders.

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