New York State faces billions of dollars in additional costs over the next two years if fewer people than expected leave its public insurance rolls once it resumes screening residents for eligibility.
Silicon Valley Bank was hit with its first of what will likely be many securities-fraud lawsuits by shareholders, accused of mismanaging events that led to its collapse.
Swiss National Bank official Andrea Maechler will leave to become deputy general manager at the Bank for International Settlements, the most senior woman ever appointed there.
Pfizer Inc. is purchasing cancer-drug maker Seagen Inc. for an enterprise value of $43 billion, using the biggest deal of the year to set its course out of the pandemic and back into mainstream pharma.
Barney Frank — the former congressman known for the Dodd-Frank Act, which overhauled US banking regulation to prevent another global financial crisis — said there was one thing lawmakers and regulators didn’t reckon with back in 2008: cryptocurrencies.
(Bloomberg) — Traders are pushing back against the European Central Bank’s own guidance and betting it could deliver the smallest rate hike this cycle when it meets on Thursday.
UK Prime Minister Rishi Sunak said there is no “systemic risk” to British banks in the wake of the collapse of Silicon Valley Bank in the US.
A year before the shock demise of Silicon Valley Bank, Chief Executive Officer Greg Becker appeared on Bloomberg TV to tout the lender’s “great” performance in 2021.
Volkswagen AG has chosen Canada to build its first battery plant outside Europe in a bid to fast-track an expansion in the key US market.
President Joe Biden sought to reassure jittery consumers and markets the US financial system is on solid footing, promising to hold responsible those behind the collapse of two banks and saying he would urge Congress to strengthen regulation of the banking system.
