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Saudi Chairman of Credit Suisse’s Largest Investor Resigns
Markets Finance Ammar al-Khudairy’s remarks about Saudi National Bank’s investment in the troubled lender set off an investor panic Source link
Hertz Finance Chief Kenny Cheung to Step Down
Car-rental company taps accounting officer to stand in while the board searches for a permanent replacement. Source link
Huobi’s New Boss Shakes Up Crypto Firm With China Plan
Cryptocurrency entrepreneur Justin Sun is attempting to revive the fortunes of digital-assets exchange Huobi by shifting its focus back to China—with the aid of a
U.S. Ad Spending Still Expected to Grow in 2023 Despite ‘Stressful Economic Signals’
CMO Today Media owners’ U.S. ad revenues are expected to increase 3.4% to $326 billion this year, according to a new forecast from Magna Source
Europe’s Big Polluters Win Carbon-Credit Windfall
Some of Europe’s largest polluters are earning windfalls from the sale of carbon credits. Their profits are an unintended consequence of generous subsidies that make
Salesforce Shakes Off Proxy Fight From Elliott
The activist investor says it was swayed by the business-software provider’s latest financial results and cost-cutting. Source link
Tether Is Winning Stablecoin Battle Despite Looming Risks
Markets Currencies Cryptocurrency Stablecoin’s value has risen by more than $5 billion in past two weeks Source link
Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups
Some banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the downfall of two big
Alibaba Co-Founder Jack Ma Returns to China After a Year Away
Tech The billionaire’s trip home comes as Beijing eases up on tech crackdown that hit confidence among private businesses Source link
First Citizens Acquires Much of Failed Silicon Valley Bank
First Citizens Bancshares is buying big pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system.