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Raine Group Acquires Code Advisors, a Boutique Bank
WSJ News Exclusive Finance The acquisition is an effort by the merchant bank to strengthen its Silicon Valley footing Source link
Cash App Founder Bob Lee Fatally Stabbed in San Francisco
Mr. Lee, 43, built a career as a Silicon Valley executive and angel investor. Source link
Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds
Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight. Money-market fund assets are increasing
Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation
Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring
After Credit Suisse, Chinese Banks Aren’t a Great Safe Harbor
Markets Heard on the Street Shares of Chinese lenders are cheap for good reason Source link
Miami Heat Have a New Arena Sponsor After FTX Collapse
Business Local software company Kaseya agrees to $117 million naming-rights deal Source link
Apartment-Building Sales Drop the Most in 14 Years
Interest-rate increases and banking turmoil push down demand for multifamily buildings. Source link
Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal
Markets Finance Prosecutors say college financial-aid company executive lied about her customer count to land $175 million deal Source link
Credit Suisse Chairman: 'I Am Truly Sorry'
Shareholders at the bank’s final annual meeting expressed their anger toward management and the board for failing to save the storied institution. Source link
Jamie Dimon on Banking Turmoil: 'This Wasn't the Finest Hour for Many Players'
The JPMorgan CEO says regulations need tweaking following the failures of Silicon Valley Bank and Signature. Source link