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.
Category: Credit Suisse Group AG
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Shares in First Republic and Others Rise After Federal Bank Rescue
The New York Times – Business: -
Regulators Put More Pressure on Binance, the Crypto Giant
The New York Times – Business:Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
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The Winners and Losers from Super Bowl LVII
The New York Times – Business:There were surprises on-field and off — from Rihanna’s halftime performance to Disney’s controversial ad splash.
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Bob Iger’s Turnaround Plan for Disney Takes Shape
The New York Times – Business:Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan.
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Credit Suisse Reports Huge Loss as It Seeks to Revive Fortunes
The New York Times – Business:The struggling Swiss bank recorded its biggest annual loss since the 2008 financial crisis and warned of another “substantial” loss in 2023.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
The New York Times – Business:Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle
The New York Times – Business:The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.
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Oil Prices Rise as the West Imposes a Cap on Russian Crude
The New York Times – Business:Energy traders pushed crude prices higher on Monday following Europe’s embargo of seaborne Russian crude and a price cap by Group of 7 nations went into effect.
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Losses Pile Up in FTX Bankruptcy Turmoil
The New York Times – Business:The crypto exchange’s founder, Sam Bankman-Fried, says the company suffered a $51 billon collapse in collateral, but he thinks filing for Chapter 11 was a mistake.