Posted inBanking and Financial Institutions Credit Suisse Group AG UBS AG Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS. Posted by By Michael J. de la Merced
Posted inBanking and Financial Institutions Personal Finances Social Finance Inc Start-ups Student Loans Why SoFi Is Suing to End the Student Loan Payment Pause A self-styled “anti-bank” poached good customers from the federal loan system. When pandemic relief made that harder, it sued the government. Posted by By Ron Lieber
Posted inBanking and Financial Institutions BuzzFeed Inc internal-storyline-no News and News Media Peretti, Jonah H Silicon Valley Bank Social Media Why BuzzFeed Is Closing Its News Division The publisher ultimately couldn’t surmount the challenges facing digital journalism — and many of its peers are still struggling as well. Posted by By Andrew Ross Sorkin Ravi Mattu Sarah Kessler Michael J. de la
Posted inBanking and Financial Institutions Consumer Price Index Content Type: Service Interest Rates Money Market Mutual Funds Personal Finances Stocks and Bonds The Fabulous Yields, and Lurking Risks, of Money Market Funds The funds are paying enticing interest rates right now. But the debt ceiling and signs of weakness in the banking system are worrisome, our columnist says. Posted by By Jeff Sommer