Bloomberg Business

Pages Removed From Pension Fund Reports Show Climate Data Hazard

Two Australian pension funds — including one of the largest — have removed dozens of pages of ESG risk disclosures from their websites to review the accuracy and reliability of the data as regulators crack down on the integrity of green claims.

Bank Stocks Sink Most in Nearly Three Years as Sentiment Sours

US bank stocks tumbled by the most in almost three years after a Silicon Valley-based lender took steps to shore up its capital position, stoking concern that soaring interest rates are eroding balance sheets across the financial industry.

SeatGeek, Paciolan Sent Queries in DOJ’s Ticketmaster Antitrust Probe

The Justice Department’s antitrust lawyers have sought information from at least two rivals of Live Nation Entertainment Inc.’s Ticketmaster as part of a probe into the company’s dominance in the ticketing industry, according to people familiar with the probe.

SVB Drops Most on Record as Startup Clients Face Cash Crunch

SVB Financial Group took steps to shore up capital after being hit by losses on its securities portfolio and a slowdown in funding at the venture capital-backed firms it banks. The company’s shares plunged by the most on record.

Biden to Address Canadian Parliament During Late March Visit

US President Joe Biden will address the Canadian Parliament and meet with Prime Minister Justin Trudeau to discuss Ukraine, Haiti, and protecting North American airspace after the incursion by an alleged Chinese spy balloon during a visit later this month.

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