Oil Declines As Investors Weigh Fed Decision; Mixed Supply And Demand
Oil fell on Thursday as investors weighed the latest Federal Reserve interest rate decision as well as a mixed outlook on oil supply and demand. West Texas Intermediate futures were trading between $70 and $71 per barrel; a similar...
New York Community Bank Acquires Most of Signature Bank
New York Community Bank (NYCB) has made a deal with Federal Deposit Insurance Corporation (FDIC) to acquire most of the recently-collapsed Signature Bank. According to the terms of the deal, NYCB will complete the acquisition through its subsidiary Flagstar...
BlackRock Reportedly Intervenes In UBS, Credit Suisse Talks
BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials look to draft a deal that will see UBS Group take over Credit Suisse Group AG, several confidential sources reported on Saturday.
The report, which came...
SVB UK Arm Issues 15 Million Pounds In Bonuses Following HSBC Buyout
The UK arm of Silicon Valley Bank handed out approximately 15 million pounds in bonuses days after it was bailed out by HSBC, Sky News reported on Saturday. According to several sources, the bonuses could have amounted to up...
Stripe Halves Valuation In Latest Fundraising Round
Payments processor Stripe raised $6.5 billion in its latest fundraising round ending on Wednesday. During this round of fundraising, the company reduced its valuation to $50 billion; almost 50% lower than two years ago.
Valued at $95 billion in...
Italy Not Ready to Pass Euro Zone Bailout Fund Reform, Prime Minister Reveals
Italy's Prime Minister Giorgia Meloni announced on Wednesday that her government is not yet ready to ratify a reform for the euro zone's 500 billion euro ($526.15 billion) bailout fund as "further reflection" is required. Italy is the only...
