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