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Executive Showdown May Determine Fate of EY Split
Feuding executives meet this week to hash out a deal on Ernst & Young’s proposed breakup. Source link
SVB, Signature Depositors Won’t Lose Their Money. What Happens if Another Bank Fails?
Markets Regulators say they would take similar actions if they think another bank collapse would jeopardize financial system Source link
Russia’s Economy Is Starting to Come Undone
MOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those
Home Prices Fall for Seventh Straight Month
The Case-Shiller index dropped 0.2% in January compared with December, as increased mortgage rates continued to slow the housing market. Source link
FTX Founder Sam Bankman-Fried Faces New Criminal Charge
The fresh indictment alleges violation of law prohibiting bribes of foreign officials. Source link
Alibaba to Split Into Six Groups and Explore IPOs
The biggest structural overhaul in the Chinese tech company’s history comes a day after co-founder Jack Ma returned to mainland China. Source link
Guinness Maker Diageo Appoints Its First Female CEO
The London-based maker of Johnnie Walker Scotch whisky and Smirnoff vodka said Debra Crew would take over from Ivan Menezes on July 1. Source link
To Some Investors, Banks Look Like Bargains
Markets Finance Some see ‘once-in-a-decade’ buying opportunity after recent turmoil Source link
Ex-FDA Official Says Baby-Formula Industry Remains Vulnerable to Problems
Politics Health Policy Poor internal communication hindered FDA’s response to crisis, former deputy commissioner says in congressional testimony Source link
First Citizens Adds to Its Collection of Failed Banks With SVB Purchase
The deal gives the North Carolina bank $219 billion in assets. Three years ago, it had $42 billion. The SVB purchase will give First Citizens