First Republic Bank faces mounting losses from the commercial real estate sector, causing concern as it scrambles to avoid a government takeover.
Month: April 2023
Fox News Settles Lawsuit Over Election Fraud Claims
Fox News settles a defamation lawsuit filed by Dominion Voting Systems for $788 million, one of the largest settlements ever paid by a media company.
How a Classic Brand Lost Its Way in the Digital Age
Tupperware is a household name that evokes nostalgia and trust for many people. The plastic containers with the patented “burping seal” were invented by Earl […]
Metro Bank Faces Shareholder Revolt Over Executive Pay Hikes
Metro Bank, the UK’s largest challenger bank, is facing a potential shareholder rebellion over its decision to award hefty pay rises to its top executives […]
IMF Warns of “Perilous Phase” & Global Recession Risk in 2023
The International Monetary Fund warned on Tuesday that the world economy was entering a “perilous phase” of low growth and high inflation, and that there […]
Banking Crisis ‘Not Yet Over’, JPMorgan Boss Warns
In his annual letter to shareholders, the chief executive of JPMorgan Chase, one of the world’s largest banks, warned that the banking crisis triggered by […]
Oil Prices Surge After Surprise Move to Cut Output
Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced a surprise decision to […]
Elon Musk Loses His Crown as World’s Richest Person to Bernard Arnault
Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, has been dethroned as the world’s richest person by Bernard Arnault, the chairman and chief executive […]
UBS to Buy Credit Suisse in $80 Billion Deal to Create European Banking Giant
UBS Group AG, Switzerland’s largest bank, said on Friday it had agreed to buy rival Credit Suisse Group AG for about $80 billion in a […]
Clearwater International Expands to Netherlands with PhiDelphi Merger
Clearwater International, a mid-market mergers and acquisitions (M&A) firm, has announced its merger with PhiDelphi Corporate Finance, a leading M&A advisory firm in the Netherlands. […]