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