Economy And Business

Jaime Medina was going to be a scientist, but ended up founding a consultancy specializing in start-ups with a turnover of €1.8 million last year

The Black Sea Grain Initiative has increased production, while the cost of fertilizer has declined. But experts warn the economy is ‘flying on one engine’

The demonstrations were designed to urge new Chief Executive Officer Laxman Narasimhan to take a more welcoming approach to unionization efforts

Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and internet personality Jake Paul, and adult film performer Michele Mason all agreed to pay more than $400,000

The Fed warned that the financial upheaval stemming from the collapse of two major banks is ‘likely to result in tighter credit conditions’ and ‘weigh on economic activity, hiring and inflation’

The Fed can either keep hiking interest rates to drive down inflation, or it can ease off the increases given the pain it’s already caused for banks

Investors who held bonds known as CoCos were wiped out in the sale to UBS, triggering fears that banks will find it harder to borrow and in turn tighten credit

Most analysts expect a rise of 25 basis points to reach 4.75%-5% despite the turmoil triggered by the collapse of Silicon Valley Bank

The investors who lost millions after two large US banks failed included public-sector pension funds responsible for ensuring the retirements of teachers and other government workers

She added that additional rescue arrangements ‘could be warranted’ if any new failures at smaller institutions pose a risk to financial stability

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

The bank received a $30 billion rescue package from 11 of the biggest U.S. banks last week in an effort to prevent its collapse

Fears remain that other banks have misjudged the risk to their finances from rising interest rates, as Silicon Valley did

This time around, the job cuts will hit profitable areas for the company including its cloud computing unit AWS and its burgeoning advertising business

Preowned sales reached $22 billion in 2021, accounting for nearly one-third of the overall $75 billion luxury watch market

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday

Industry experts predict it could become even harder for people of color to secure funding or a financial home supporting their startups

Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse failed to reassure investors and the bank’s customers

How is the response being paid for? Will Americans end up footing the bill for bank failures? Is this a bailout?

The anxiety this week centered on First Republic Bank in San Francisco, which was once the envy of the banking sector, with its wealthy and well-traveled clientele

The measures requested by the president include clawing back compensation and making it easier to bar failed bank executives from working in the industry

SVB Financial Group, which ran Silicon Valley Bank up until it was seized last Friday, is filing for Chapter 11 bankruptcy protection

Just hours before Balwani was supposed to surrender to authorities, his lawyer filed documents notifying U.S. District Judge Edward Davila that he wouldn’t be doing so

There were few outward signs that Signature Bank was crumbling before the New York Department of Financial Services on Sunday seized the bank’s assets