President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties. Story Published at: April 5, 2023 at 01:03PM Continue Reading…
Europe Plots a Reset on China
A Hollywood Superagent Buys a Pro Wrestling Heavyweight
Ari Emanuel’s Endeavor acquires World Wrestling Entertainment to create a live event and combat sport giant. Story Published at: April 3, 2023 at 12:55PM Continue Reading…
Bob Iger Ousts a Marvel Antagonist
Ike Perlmutter, the chairman of Marvel Entertainment who’s had a volatile tenure at Disney, was reportedly among the latest round of job cuts at the entertainment giant. Story Published at: March 30, 2023 at 12:53PM Continue Reading…
UBS Taps an Ex-C.E.O. to ‘Pilot’ its Takeover of Credit Suisse
Sergio Ermotti helped the bank recover after the 2008 financial crisis, but faces a tougher task this time around. Story Published at: March 29, 2023 at 01:20PM Continue Reading…
Banking Regulators Prepare for Tough Questions from Lawmakers
Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it. Story Published at: March 28, 2023 at 12:34PM Continue Reading…
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors. Story Published at: March 27, 2023 at 12:51PM Continue Reading…
TikTok’s C.E.O. Struggles to Make his Case in Washington
Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over. Story Published at: March 24, 2023 at 12:38PM Continue Reading…
Markets Struggle to Decide Where Banking Rules Go From Here
Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear. Story Published at: March 23, 2023 at 11:52AM Continue Reading…
Banking Backstops Have Gone Global
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank. Story Published at: March 16, 2023 at 11:59AM Continue Reading…
Bank Stocks Rebound Despite Fears Over Small Lenders’ Health
First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years. Story Published at: March 14, 2023 at 12:14PM Continue Reading…