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Drug Middlemen Accused of Price Fixing by Ohio Attorney General
Business

Drug Middlemen Accused of Price Fixing by Ohio Attorney General

The state’s lawsuit alleged certain pharmacy-benefit managers shared drug pricing and other information to gain leverage during rebate negotiations with pharmaceutical companies. Source link

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’
Business

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

Markets Financial Regulation Michael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’
Finances

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

Markets Financial Regulation Michael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

CFTC Sues Binance Holdings in Chicago Federal Court
Finances

CFTC Sues Binance Holdings in Chicago Federal Court

The Commodity Futures Trading Commission alleges the operator of the world’s largest cryptocurrency exchange violated U.S. rules that require futures and other derivatives to be

First Citizens Buys Much of Silicon Valley Bank
Business

First Citizens Buys Much of Silicon Valley Bank

The acquisition comes more than two weeks after the lender’s collapse sent tremors through the banking system.  Source link

Eurozone Banks Cut Lending Even Before Latest Financial Turmoil
Business

Eurozone Banks Cut Lending Even Before Latest Financial Turmoil

Economy Europe Economy Decline in bank lending could deepen as financial institutions move to retain deposits, strengthening effect of ECB rate moves Source link

China Detains Japanese Employee From Drugmaker Astellas
Business

China Detains Japanese Employee From Drugmaker Astellas

The arrest on suspicion of spying came as Beijing seeks to reassure foreign executives that it is open for business, and follows a raid on

Saudi Chairman of Credit Suisse’s Largest Investor Resigns
Finances

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

Huobi’s New Boss Shakes Up Crypto Firm With China Plan
Finances

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

It's Easier to Underestimate Your Expenses and Overspend Right Now
Finances

It's Easier to Underestimate Your Expenses and Overspend Right Now

Many people have a gap between what they think they spend and what they actually spend. This gap has widened recently. Source link