Bloomberg Business

The effort to wind down Silicon Valley Bank was marred by an unmotivated seller, infighting between regulators and, ultimately, a failed auction.

Brevan Howard Asset Management has grounded some of its traders to stem losses after the collapse of Silicon Valley Bank triggered wild moves in the bond market.

The French government is planning to ask cabinet ministers to avoid using TikTok and similar apps on their personal phones, according to two people with direct knowledge of the discussions.

Treasury Secretary Janet Yellen said that her department is monitoring for a potential contraction in credit in the US following the collapse of Silicon Valley Bank, which sparked the danger of contagion across the banking system.

A top House Republican wants Congress to lower the political temperature in Washington by cooperating on investigating the collapse of Silicon Valley Bank and avoiding “drama” on increasing the debt ceiling.

Fears that anything but a half-point hike would trigger panic among investors helped settle the European Central Bank’s interest-rate decision on Thursday, according to people familiar with the talks.

It was March 16, 2022, when Federal Reserve Chair Jerome Powell and his colleagues finally began to take on the surge in inflation they had thought would fade, eventually moving faster and more furiously than anybody expected.

For a second year, college athletes — male and female — can profit from playing ball. But those opportunities haven’t come equally.

The crisis enveloping Credit Suisse Group AG showed few signs of easing Thursday as its bonds fell deeper into distress and the cost to insure the debt against default continued to climb. Early gains prompted by the lender saying it would tap Switzerland’s central bank for fresh funds were erased.

Former President Donald Trump has defended his possession of dozens of classified documents at his Mar-a-Lago home by saying he had issued a “standing order” as president that records removed from the Oval Office meant they were instantly declassified.