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First Citizens Adds to Its Collection of Failed Banks With SVB Purchase
Finances

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

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

Carnival's Ship Will Come In Eventually
Finances

Carnival's Ship Will Come In Eventually

The leading cruise line’s recovery is delayed amid a mountain of debt, but it has a path to profitability. 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

America’s Housing Markets: Home Prices Fall in the West and Rise in the East
Business

America’s Housing Markets: Home Prices Fall in the West and Rise in the East

In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in

The Fed and SVB Won’t Sink Emerging Asia
Finances

The Fed and SVB Won’t Sink Emerging Asia

Markets Heard on the Street When the U.S. stumbles, emerging Asian markets often shake. But things might unfold differently in 2023. Source link

Microsoft, Google, Amazon Look to Generative AI to Lift Cloud Businesses
Business

Microsoft, Google, Amazon Look to Generative AI to Lift Cloud Businesses

Tech Cloud providers are trying to use the tech behind ChatGPT to heat up demand Source link

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