Despite a banking crisis that threatens the global economy, the US added 253,000 jobs in April and lowered its unemployment rate.

First Republic Bank faces mounting losses from the commercial real estate sector, causing concern as it scrambles to avoid a government takeover.

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.

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 despite posting a £271 million loss last year. The bank, which has been struggling to recover from an accounting scandal […]

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 was a one-in-four chance of a global recession this year. The fund cut its forecast for global growth by 0.1 […]

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 the collapse of Silicon Valley Bank (SVB) and Credit Suisse is “not yet over” and could pose further risks to […]

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 cut output by 1.5 million barrels per day (bpd) in April. The move, which caught markets off guard, was aimed […]

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 of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate. According to Forbes’ annual ‘World’s Billionaire’s List 2023’ […]

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 deal that would create a European banking powerhouse and end months of uncertainty over the fate of Credit Suisse. The […]

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. The deal will strengthen Clearwater’s presence in Europe and enhance its cross-border capabilities. The merger, which was completed on April […]