Industry News / Helpful Articles
Banking Regulators Prepare for Tough Questions From Lawmakers
Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it.
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
First Citizens agreed on Sunday to acquire the failed lender’s retail operations. Will the move convince investors that recent turmoil in the sector is over?
FTX, Zuckerberg and What Happened at the DealBook Summit
Business and policy leaders from around the world joined us at our annual event. Here’s what happened.
Make sense of the latest business and policy headlines with our daily newsletter.
Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep
The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
How Far Can Regulators Go to Protect Uninsured Deposits?
Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
Silicon Valley Bank’s Collapse Chills Start-Up Funding
Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further and fear has risen.
People Started Buying Crocs During the Pandemic. They Can’t Stop.
While other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019.
Elon Musk Values Twitter at $20 Billion
The billionaire bought the social media company for $44 billion in October and took it private.
The Banking Industry’s Go-to Crisis Adviser
Rodge Cohen is one of the most influential people behind the scenes of cleaning up the banking crisis.
TikTok’s C.E.O. Struggles to Make His Case in Washington
Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over.
Banks Are Borrowing More From the Fed: What to Know
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
Stocks Are Turbulent as Wall St. Weighs Fed’s Future Moves
Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.
Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud
Shares of the financial tech company plunged after Hindenburg Research said Block had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.
China Says It Will ‘Firmly Oppose’ Forced Sale of TikTok
China’s commerce ministry publicly rebuked the Biden administration’s efforts to push TikTok’s Chinese ownership to sell the app or face a possible ban in the United States.
Investors Try to Parse Powell and Yellen’s Next Moves on Banks
Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.
What to Know About Today’s Congressional Hearing on TikTok
The Chinese-owned video app has become a battleground as the U.S. and China duel for tech leadership.
Chatbot Start-Up Character.AI Valued at $1 Billion in New Funding Round
Founded by ex-Google employees, the Silicon Valley company is among the few start-ups poised to compete with OpenAI, the creator of ChatGPT.
Relativity Space’s 3-D Printed Rocket Fails Just After Launch
Relativity Space, a private company with ambitions for sending people to Mars, made it off the launchpad, but the vehicle experienced problems during the second stage of its flight.
How the Banking Crisis Has Had the Same Effect as a Fed Rate Increase
Some analysts say that the banking industry tumult has slowed the economy as banks pull back on lending.
UBS Weighs Ending a Plan to Preserve Credit Suisse’s Investment Bank
UBS is weighing whether and how to end a deal that would have preserved most of its rival’s investment bank, as part of its takeover of the ailing Swiss lender.
2023 Abel Prize in Mathematics Honors Luis Caffarelli
The honor, like a Nobel Prize for mathematics, was given this year to Luis Caffarelli for his work on partial differential equations.